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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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