Compensation Analyst

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Overview

Hims & Hers Health, Inc. is a leading health and wellness platform that aims to enhance the quality of life through innovative telehealth solutions. The company focuses on offering personalized health products and services across various domains, including mental health, sexual health, hair care, skincare, and heart health. Hims & Hers is publicly traded on the NYSE under the ticker symbol “HIMS”, highlighting its prominent position in the health industry. The firm places significant emphasis on accessibility and individualized care, revolutionizing how patients interact with health providers using teletherapy and product offerings.

Position Overview

The role of the Compensation Analyst is integral to the Total Rewards team at Hims & Hers. This position is designed for individuals who have substantial experience in compensation management and are excited about making impactful contributions to the company's strategic objectives. The key responsibilities of the Compensation Analyst encompass the design, implementation, and administration of compensation programs and policies. This role is critical in aligning compensation strategies with overall business goals.

Key Responsibilities

In this position, the Compensation Analyst will:

  • Conduct job evaluations and analyze jobs by performing compensation benchmarking, data collection, and assessing base salaries and incentives. The focus will be on ensuring internal equity, external competitiveness, and legal compliance with pay practices.

  • Review and analyze job duties to determine work scope. This includes assessing and evaluating roles to establish their grade, classification, and market value—particularly for new positions or those seeking changes in compensation.

  • Provide analysis and counsel to management regarding compensation programs. This includes guidance related to pay structures, incentives, change recommendations, new hire offers, and compliance with wage and hour regulations.

  • Evaluate and implement efficiencies within compensation processes. The analyst should continually assess compensation trends to develop recommendations that support business initiatives.

  • Assist in developing and implementing salary administration and compensation policies, including variable pay plans such as bonuses and equity awards.

  • Support annual merit increases and collaborative projects by coordinating with HR and Payroll teams to achieve project goals.

  • Compile salary survey submission files and perform job matching. The role entails being responsible for market pay system maintenance to ensure accurate market and internal data.

  • Act as a primary contact for day-to-day compensation inquiries, ensuring effective communication and resolution of issues via a functional email inbox.

  • Maintain and update job descriptions in appropriate HR systems for new roles and changes, ensuring consistency across functions. This includes conducting regular audits and maintaining data integrity within HR tools.


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Required Skills

To be successful in the Compensation Analyst role, candidates must possess the following skills:

  • A Bachelor's Degree in a related field is essential.
  • Between 4-6 years of relevant experience in compensation or human resources.
  • A solid understanding of compensation principles and procedures.
  • Strong analytical skills to dissect and interpret data, which aids in decision-making.
  • Proficiency in Excel and Google Sheets, emphasizing intermediate to advanced functions for data manipulation and reporting.
  • Effective communication skills in both oral and written forms to interact positively with team members and management.

Preferred qualifications include strong organizational and time management abilities, along with a capacity to transform data into comprehensive reports.

Salary and Benefits

While the exact salary for this role isn't explicitly stated, candidates can expect a competitive salary and equity compensation for full-time roles. Hims & Hers offers a compelling benefits package highlighting their commitment to employee well-being, including:

  • Unlimited paid time off (PTO), alongside company holidays and quarterly mental health days.
  • Comprehensive health benefits, including medical, dental, and vision coverage, as well as parental leave.
  • Access to an Employee Stock Purchase Program (ESPP) and employee discounts on products.
  • 401k benefits with employer matching contributions.
  • Opportunities for team retreats, fostering team building and workplace camaraderie.

Work Environment

Hims & Hers promotes a flexible and remote work culture. They focus on building a diverse workforce and encourage all qualified applicants to apply, regardless of whether they meet 100% of the listed qualifications. They also adhere to various regulatory frameworks like the San Francisco and Los Angeles Fair Chance Ordinances, signifying their commitment to fair employment practices.

Conclusion

For those looking to join an innovative health and wellness organization, the Compensation Analyst position at Hims & Hers presents an excellent opportunity. With a focus on work-life balance, a commitment to diversity, and an environment designed for growth, this role promises valuable experience and a chance to make meaningful contributions to the company. If you have the necessary skills and experience, you are encouraged to apply to help drive compensation strategies that align with Hims & Hers' mission of enhancing health and wellness for all.



This job offer was originally published on remotive.com

Hims And Hers

USA

Operations

Full-time

March 18, 2025

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This job offer summary has been generated using automated technology. While we strive for accuracy, it may not always fully capture the nuances and details of the original job posting. We recommend reviewing the complete job listing before making any decisions or applications.