Vice President, Total Rewards
Company: Stitch Fix
Location: San Francisco
Posted on: May 28, 2023
Job Description:
About the Role
As the Vice President of Total Rewards you will serve as the People
& Culture leader responsible for the strategy, design, and
development of our Total Rewards programs. This encompasses all
compensation including: base salary, equity-based programs,
variable pay, bonuses, promotions and more. Additionally, you will
define, lead and implement a creative benefits program that
supports our diverse employee base in the U.S. and U.K. You will
act as a true partner for internal stakeholders while keeping a
close pulse on the external market. As the VP of Total Rewards, you
will lead your team members and business leaders to develop,
recommend and ensure successful implementation of our comprehensive
total rewards strategies. Through collaboration with
cross-functional teams, you will help us navigate nuances while
effectively communicating and promoting our total rewards programs
at all levels at the Company. This next leader will ensure a high
level of analytical rigor, forward thinking and strategic total
rewards evolution as Stitch Fix continues to expand.
The VP of Total Rewards will lead a team of Compensation and
Benefits professionals, report to the Chief People & Culture
Officer and partner directly with senior leadership including the
CEO, C-Suite, and Board of Directors. This role will be based in
our Headquarters in San Francisco, CA.
You're Excited about this Opportunity Because You Will...
- Lead all compensation processes for U.S. and U.K. employees
(base and variable pay, pay for performance, promotions, equity,
etc.)
- Design and continuously optimize compensation and benefit
initiatives that are aligned to Stitch Fix's culture [our "OS"],
and provide flexibility and local customization to account for
market differences
- Benchmark activities across all areas of rewards to elevate our
understanding of current and emerging market trends and our
compensation competitiveness, and identify how we evolve over time
to meet the changing landscape of total rewards
- Make recommendations and provide leadership for internal and
external offers to attract and retain highly sought-after talent,
including executives, leveraging best in class compensation and
benefits systems, tools and processes
- Partner with Recruitment, Finance, HR, and Leadership to advise
on needs related to compensation and benefits
- Lead strategy discussions collaborating with the Compensation
Committee, the Board of Directors and the Board's Compensation
Consultant to design, update, communicate and disclose Company
compensation plans.
- Work with the Legal and Finance team to strategically evaluate
and optimize total rewards programs based on data-driven
insights
- Provide subject matter expertise and accurately interpret,
counsel, communicate, and educate HR Business Partners, managers
and executives on pay decisions, policy and guideline
interpretations, and job evaluations
- Develop a comprehensive, effective communications strategy to
share compensation and benefits information to internal
stakeholders at all levels.
- Provide visionary leadership to coach and develop a high
performing total rewards team
We're excited about you because you have...
- 15+ years demonstrated experience in total rewards,
compensation, and benefits or in closely related fields like
Finance or Data Science
- Demonstrated compensation experience at a publicly-traded
company in the following areas: executive compensation, base
salary, market pricing, variable pay and performance management,
job evaluation, compliance, data analysis, research and cost
modeling
- Experience with a variety of types of compensation and diverse
compensation structures
- In-depth knowledge of current compensation and benefits trends,
practices and regulations
- Benefits experience including knowledge of health and welfare
plans, Leaves of Absence, time off practices and retirement
plans
- A consistent track record of identifying complex challenges and
using analytical skills to drive appropriate solutions
- Strong consultative, influential, strategic thinking and
problem solving skillsets
- A data-driven approach with a strong ability to analyze and
transform raw data into insights and action plans aligned with
company goals
- Excellent communication skills (verbal, written and
presentation) to effectively articulate and promote total rewards
programs to multiple audiences, with specific experience
influencing senior leaders
- Experience with Workday (or similar HRM software)
- Strong expertise in quantitative analysis in Excel
Why you'll love working at Stitch Fix...
- We are a group of bright, kind people who are motivated by
challenge. We value integrity, innovation and trust. You'll bring
these characteristics to life in everything you do at Stitch
Fix.
- We cultivate a community of diverse perspectives- we are
committed to fostering a workplace where all voices are heard and
valued.
- We are an innovative company and leverage our strengths in
fashion and tech to disrupt the future of retail.
- We win as a team, commit to our work, and celebrate grit
together because we value strong relationships.
- We boldly create the future while keeping equity at the center
of all that we do.
- We are the owners of our work and are energized by solving
problems through a growth mindset lens. We think broadly and
creatively through every situation to create meaningful
impact.
- We offer comprehensive compensation packages and inclusive
health and wellness benefits.
About Stitch Fix
We're changing the industry and bringing personal styling to every
body. We believe in a service and a workplace where you can show up
as your best, most authentic self. The Stitch Fix experience is not
merely curated-it's truly personalized to each client we style. We
are changing the way people find what they love. We're disrupting
the future of retail with the precision of data science by
combining it with human instinct to find pieces that fit our
client's unique style. This novel juxtaposition attracts a highly
diverse group of talented people who are both thinkers and doers.
This results in a simple, yet powerful offering to our customers
and a successful, growing business serving millions of men, women
and kids throughout the US and UK. We believe we are only
scratching the surface and are looking for incredible people like
you to help us boldly create our future.
Keywords: Stitch Fix, San Francisco , Vice President, Total Rewards, Executive , San Francisco, California
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