Director of Compensation
Company: Menlo Ventures Management, L.P
Location: San Francisco
Posted on: October 16, 2024
Job Description:
About the role
We are seeking a strategic and analytical Director of Compensation
to lead our compensation initiatives and ensure that our pay
structures are competitive, equitable, and aligned with the
organization's goals. The ideal candidate will have extensive
experience in compensation strategy development, management, and
execution, along with a deep understanding of market trends and
regulatory requirements. This role is essential in attracting and
retaining top talent while promoting a culture of performance and
accountability.
The base salary offered for this role and level of experience will
begin at $193,860 and up to $274,700. Full-time employees are also
eligible for a bonus, competitive equity package, and benefits. The
actual base salary offered may be higher, depending on your
location, skills, qualifications, and experience.
In this role, you can expect to
- Compensation Strategy Development: Design and implement a
comprehensive compensation strategy that aligns with the company's
objectives and values, ensuring market competitiveness and internal
equity.
- Salary Structure Management: Develop, manage, and maintain
salary structures, pay grades, and job classifications to ensure
fairness and consistency across the organization.
- Policy Development: Create and update compensation policies,
ensuring compliance with legal requirements and best practices in
compensation management.
- Performance Management: Collaborate with People leadership to
integrate compensation strategies with performance management
processes, ensuring that rewards are aligned with employee
performance and contributions.
- Communication and Training: Educate and inform leadership and
employees about compensation policies, practices, and the value of
total rewards; provide training and support for managers on
compensation-related matters.
- Cross-Functional Collaboration: Partner with various
departments (People, Finance, Legal) to ensure alignment of
compensation strategies with overall business objectives.
- Team Leadership: Lead and mentor the compensation team,
fostering a culture of collaboration, continuous improvement, and
professional development.
To thrive in this role, you have
- Strong understanding of compensation principles, market trends,
and regulatory requirements (FLSA, EEOC, etc.).
- Proven experience in designing and implementing compensation
programs that drive employee engagement and retention.
- Excellent analytical skills with the ability to interpret
complex data and provide actionable insights.
- Exceptional communication and interpersonal skills, with the
ability to influence and collaborate at all levels of the
organization.
What we offer
- A thoughtful hybrid work policy that combines in-office days
and trips to team and company-wide events depending on location to
ensure you stay connected to your work and teammates, whether
you're local to one of our offices or remote.
- Hybrid work perks, like UrbanSitter and Kinside for backup
child, elder and/or pet care, as well as a subsidized commuter
benefit.
- Competitive salary based on experience.
- 401k match plus great medical, dental, vision, life, and
disability benefits.
- Generous vacation policy and company-wide Take Care of Yourself
Days.
- Mental health support with therapy and coaching through Modern
Health.
- 16 weeks of paid parental leave for all parents and an
additional 6-8 weeks for birthing parents.
- Access to Maven, a family planning tool, with up to $10k in
reimbursement for egg freezing, fertility treatments, adoption, and
more.
- A challenging and fulfilling opportunity to join one of the
most experienced teams in FinTech and help millions unlock
financial progress.
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Keywords: Menlo Ventures Management, L.P, Elk Grove , Director of Compensation, Executive , San Francisco, California
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