Director of Compensation (Contract)

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Job Overview

The role of Director of Compensation at Ourly.io is a contract position aimed at individuals with substantial experience in compensation analysis. The selected candidate will provide senior-level expertise and support to the Compensation Leader during a critical phase of strategic initiatives. This position encompasses a variety of responsibilities related to executive and broad-based compensation, including incentive plan design and governance within the U.S.

Responsibilities

As a Director of Compensation, the incumbent will be expected to:

• Manage Compensation Activities: Independently oversee executive and broad-based compensation activities, ensuring strategy and implementation align with company goals.

• Conduct Benchmarking and Analyses: Perform benchmarking, competitive analyses, and internal equity reviews specifically for executive and quasi-executive roles. This includes preparing materials for leadership and supporting recommendations on compensation.

• Incentive Plan Design: Design or refine Variable Incentive Plans (VIP) and Sales Incentive Plans (SIP). Responsibilities include creating costing and performance models, drafting plan documentation, and establishing governance guidelines.

• Market Pricing and Benchmarking: Conduct job matching, price market data, and analyze pay range information from various surveys. Support the strategy for survey submissions while maintaining a robust market reference architecture.

• Job Evaluation: Review and assess job descriptions, align roles with the future state job architecture, and provide recommendations regarding job slotting and titling.

• Regulatory Compliance: Offer subject-matter expertise on compensation regulations at federal, state, and local levels. This entails ensuring that all compensation processes and documents are compliant with audit standards.

• Enhance Compensation Tools and Processes: Collaborate with the Compensation Leader to improve the tools, templates, pricing models, and workflows used in compensation analysis and communication.

• Stakeholder Partnership: Serve as a trusted advisor to Human Resources Business Partners (HRBPs), Talent Acquisition, Finance, and business leaders. Effectively communicate complex compensation concepts in an accessible manner.

  

Required Skills and Qualifications

The ideal candidate for this role should possess:

• Extensive experience (preferably in executive compensation) that is demonstrable through technical expertise and past performance.
• Strong analytical skills and ability to exercise crisp judgment in a fast-paced environment.
• Proven capabilities in managing compensation independently at a senior level with an emphasis on hands-on compensation design experiences.

Salary and Benefits

While the salary specific to this role isn't disclosed, the role does come with an attractive benefits package that includes:

• 120 hours of accrued Paid Time Off (PTO).
• A 401K plan with a 3% company contribution, fostering financial security for the employees.

Overall, the position is suited for candidates looking to leverage their compensation knowledge in a strategic role that significantly impacts business performance and employee satisfaction.

Position Logistics

This contract position specifically targets professionals located in the United States. The flexibility inherent in contracts may appeal to candidates seeking varied engagements in their careers. Moreover, the supportive structure allows for considerable interaction with different departments, enhancing collaboration and organizational effectiveness.

Conclusion

Applying for the Director of Compensation position at Ourly.io is an excellent opportunity for those with an enriching background in executive compensation analysis, seeking to bring their expertise to a dynamic team focused on strategic growth and employee compensation optimization. The role emphasizes hands-on support, innovation in compensation strategy, and stakeholder engagement, making it a highly rewarding career option.

This job offer was originally published on himalayas.app