Deputy

USA

Posted on: 18 August 2024

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Compensation and Benefits Lead

At Deputy, we empower businesses to build thriving workplaces - ones where staff are engaged, customers are served well, businesses are legally compliant, and companies’ profits thrive. Our reach extends across 70+ countries worldwide, serving more than 320,000 workplaces.

Deputy is a global SaaS workforce management company headquartered in Sydney, San Francisco, and London, backed by top investors and recently surpassed 100m ARR. We've helped millions of workers across industries and aim to empower 60% of the global workforce. If you're passionate about improving the world of work, one shift a time, join us at Deputy and help shape the future of hourly employment!

You do not need to match every listed expectation to apply for this position. Here at Deputy, we know that diverse perspectives foster the innovation we need to be successful, and we are committed to building a team that encompasses a variety of backgrounds, experiences, and skills.

The People Team is responsible for maximizing employee value through talent acquisition, employee onboarding, management, and experience. Our People Team is the force behind driving employee engagement and strong company culture at Deputy.

THE WHY

We are looking for a motivated and detail-oriented individual, to own compensation and benefits for Deputy. The Compensation & Benefits Lead is responsible for developing, implementing, and managing the company's compensation and benefits programs that matter most to our employees. Head of Compensation and Benefits ensure that our programs are employee centric, competitive, have a strong ROI, and aligned with the company's goals and objectives. This role requires a deep understanding of compensation and benefits strategies, as well as the ability to analyze data, strong analytical and financial skills, communicate effectively, and work collaboratively with stakeholders across the organization.

The Compensation & Benefits Lead is a critical member of the People team and plays a critical role in attracting, retaining, and motivating employees. This is a challenging and rewarding opportunity for a highly motivated and analytical professional who is passionate about developing and implementing effective compensation and benefits programs.

Who will love this job:

An operator and strategist, who enjoys breaking down complex problems into ambitious goals and clear milestones. A builder who creates the best compensation and benefits programs possible for employees.A data, analytical junkie, who obsesses over the numbers and “so what” and detailed oriented An innovator, who doesn’t believe in doing something just because it’s always been done that way but looks for new possibilities and leverages technology, AI and automation to scale start ups.

RESPONSIBILITIES

Compensation Strategy, Analysis and Execution - Oversees the development, implementation, maintenance and administration of the company global compensation philosophy and benefits strategy, programs, policies and procedures via scalable technology (e.g., chat bots, scalable providers)
Provide guidance and support to managers and employees on compensation and benefits-related matters, including policy interpretation, job evaluation, and performance management.
Ensure that Deputy has defensible, equitable, and scalable compensation processes and practices that are understood by employees, managers, and candidates.
Conducts job evaluation and salary surveys, establishes salary structures, develops salary budgets, and prepares policies and procedures to ensure the achievement of equitable and competitive employee compensation.
Determine market rates, pay bands, job architecture and bonus plans
Experienced with executive compensation - options, burn analysis, market based compensation strategies and performance based compensation approaches and developing Board work on executive compensation in partnership with CPO.
Works on compensation and benefits projects for all divisions globally. Investigates and provides recommendations on new compensation and benefits programs in different regions where the company operates. Includes, but not limited to: market-pricing of global positions, recommending ancillary health and welfare benefits packages, and retirement programs.
Innovates and keeps a pulse on current best practices and trends.
Leads and manages annual compensation projects including all merit and bonus programs as well as forecasting.

Benefits Strategy, Plan Design and Execution - Partners in the design, development and administration of employee benefit programs such as medical, dental, vision, life insurance/AD&D plans; wellness program; 401k plans, flexible spending plans; voluntary benefits; and benefits related to local ordinances and government programs.
Ensures plans are competitive from a plan design and administration standpoint, and makes recommendations for delightful employee experience, cost control and improvement.
Ensures that the compensation and benefits programs support the company's strategic objectives and provides attractive and competitive programs for our employees in accordance with social and industry trends.
Works closely with insurance brokers and consultants on annual renewals and benefits strategy.
Oversees and administers all activities for employees, including open enrollment, employee changes, and activities related to new hires and terminations.
Ensures full compliance with all state and federal regulations, reporting and filing requirements relating to all benefit plans.
Work closely with benefit brokers and vendors to ensure timely and accurate ACA reporting compliance, 5500 filings, IRS and DOL filings and audit responses, and all other benefit related compliance obligations.
Ensures timely communications to senior management in advance of any compliance concerns and issues and manages 401K plan and acts as lead for 401k Fiduciary Committee.
Manages the open enrollment process for all benefit and 401k programs, including the development of timelines, communication plan utilizing various media, system updates, coordinating with brokers, vendors and reporting.
Conduct market research to ensure the company's compensation philosophy and benefits programs are competitive, equitable, and aligned with industry standards.
Analyze data to identify trends, patterns, and insights related to compensation and benefits, and provide recommendations to Senior Leadership.

Data Analysis, Reporting, and Compliance - Manage the administration of compensation and benefits programs, including communication, documentation, and compliance with legal requirements.
Conduct an analysis of Deputy’s compensation data as required by the business, before and after Promotion and Compensation Review (P&CR) cycles.
Experience managing leaves and processes and approaches to drive compliance and experience with HRTech systems and People Operations
May be responsible for compliance reporting, including Workplace Gender Equality Agency (WGEA) in Australia and EEO Data Collections, U.S. Equal Employment Opportunity Commission reporting in the US.

SKILLS/EXPERIENCE

A self-starter who is results-oriented, analytical, collaborative, has a sense of humor, and strong EQ.
Bachelor's degree in Finance/Accounting, Business or related field; Master's or MBA degree preferred.
10+ years of experience in Compensation & Benefits in private and public companies.
Ability to work cross-functionally and balance collaboration and communication with multiple stakeholders across various departments and functions in a fast-paced environment.
Deep understanding of global compensation and benefits principles and practices, including market analysis, benchmarking, and survey data analysis and focused on employee experience.
Strong analytical and problem-solving skills, with the ability to synthesize complex data into meaningful insights and recommendations.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels of the organization.
Strong project management skills, with the ability to manage multiple priorities and meet deadlines and can be a strong player/coach.
Knowledge of relevant laws and regulations related to compensation and benefits, including the Fair Labor Standards Act (FLSA), Equal Pay Act, and Affordable Care Act (ACA).
Experience with HRIS systems and implementations such as Pave, Radford and Carta and data analysis tools would be advantageous.
Proficiency in Microsoft Excel and MS Office and G-Suite.
Prefer experience with the tech stack of a start-up, and various SasS operating systems (GSuite, Slack,Jira, Confluence, Rippling, Lattice).
The ability to handle and maintain a high level of confidentiality and common sense regarding sensitive employee information.

The pay range for this position takes into account multiple factors that are all considered to determine an individual candidate’s starting pay. These factors include but are not limited to: market factors, experience, technical and non-technical skills, education, certifications, and other business acumen. This range does not include any potential incentive programs, such as individual or organizational performance bonuses.

The pay range for this position is $130,000 - $150,000

Employee Perks

- Employee Stock Ownership

- Competitive Compensation Packages

- 401k Company Match

- Comprehensive Health Benefits

- Commuter Reimbursement Program

- Flexible Work Schedule

Deputy believes in equal opportunity and that inclusiveness and diversity promotes innovation. Our global team members are from a variety of cultures. And we welcome different perspective and skills.

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