Director Compensation & Benefits

Promote Project; Chicago (IL); Hybrid; USD 190,000 - 216,000; Full time

Job description

Director Compensation & Benefits

Location

Chicago, Illinois, United States

Salary

$190,000 - $216,000 a year (US Dollars)

Description

About the Role:

• The Director of Compensation & Benefits plays a pivotal role in shaping and implementing programs that enhance our ability to hire, motivate and retain highly skilled top talent. The position reports to the Sr. Director, People Operations and supports the organization by developing comprehensive and strategic approaches in the design of compensation and benefits.
• This position can work remotely or from one of our stunning offices in Madison, Chicago, Boston or Birmingham.

Scope of Responsibilities:

• Develop and implement compensation, equity and benefit strategies that align with Fetch’s values and objectives and are aimed at attracting and retaining talent in a highly competitive tech startup environment.
• Lead the design of base pay and equity plans, including implementation and communication of all employee and management compensation plans/policies.
• Continuously evaluate the effectiveness of our programs to ensure they are aligned with our business and talent strategies and monitor market trends to make data-driven recommendations for changes.
• Contribute to the development of the Total Reward strategy across all businesses and functions, in collaboration with the Executive Leadership Team, assuring internal equity and external competitiveness.
• Assist with all exit event activity as it pertains to compensation and benefit programs, including due diligence, acquisition, divestiture, and integration.
• Advise senior management and HR partners on compensation-related issues, trends, and policy recommendations to support decision-making and strategic planning.
• Prepare detailed compensation reports and presentations for executive leadership and the board of directors, highlighting trends, analyses, and recommendations.
• Spearhead special compensation projects, such as exit event integration, pay equity audits, and the implementation of new compensation technologies or methodologies.
• Collaborate with HR and departmental leaders to create and revise job descriptions, ensuring they accurately reflect roles, responsibilities, and qualifications for proper compensation alignment.
• Act as an internal change agent, fostering innovation and best practices.
• Ensure compliance with state, federal, and local laws concerning benefit plans, manage compliance obligations, and oversee benefit plan operations.
• Manage and develop a team of three, including the Manager of Benefits, Benefits Coordinator and Compensation/People Analyst. Build strong relationships with HR partners within the business to help drive growth.

Skills we believe you need for this position:

• 6+ years of experience developing comprehensive compensation & benefit programs that align with company values, while driving recognition and retention of our top talent.
• Ability to communicate complex information to a wide range of stakeholders, including executives, managers and employees.
• Proven ability to track, prioritize, and drive success to multiple concurrent projects with a strong operational background.
• Thorough knowledge of the principles and practices of human resources: employment law, labor law, performance management, wage and salary administration, job evaluation, benefits, record management.
• Proficiency in data analysis, compensation benchmarking platforms and HRIS.
• Knowledge in federal laws i.e., ERISA, COBRA, PPACA, HIPAA, Section 125, GASB, SOC 2, FMLA and any new laws as they are created.
• Ability to effectively work as a team player. A self-starter responsive to organizational needs, committed to excellence and continuous employee development.

Compensation:

At Fetch, we offer competitive compensation packages to the exceptional folks we hire. The base salary range for this position is $190,000 - $216,000. We also offer all employees equity in Fetch, so that everyone can benefit from Fetch’s growth.

At Fetch, we'll give you the tools to feel healthy, happy and secure through:

• Equity
• 401k Match: Dollar-for-dollar match up to 4%.
• Benefits for humans and pets: We offer comprehensive medical, dental and vision plans for everyone including your pets.
• Continuing Education: Fetch provides ten thousand per year in education reimbursement.
• Employee Resource Groups: Take part in employee-led groups that are centered around fostering a diverse and inclusive workplace through events, dialogue and advocacy. The ERGs participate in our Inclusion Council with members of executive leadership.
• Paid Time Off: On top of our flexible PTO, Fetch observes 9 paid holidays, including Juneteenth and Indigenous People’s Day, as well as our year-end week-long break.
• Robust Leave Policies: 20 weeks of paid parental leave for primary caregivers, 14 weeks for secondary caregivers, and a flexible return to work schedule.
• Calvin Care Cash: Employees who are welcoming new family members will also receive a one time $2,000 incentive to assist employees with covering the cost of childcare, clothing, diapers and much more!