Senior Compensation Manager, Patreon
$156-310k
+ Equity
Monday and Wednesday in-office
2+ days a week in office
Funding platform for creatives
Be an early applicant
Funding platform for creatives
1001+ employees
Be an early applicant
$156-310k
+ Equity
Monday and Wednesday in-office
2+ days a week in office
1001+ employees
Company mission
To put creators in control of their work and their futures by strengthening the bond between them and their communities.
Role
Who you are
- Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field. Master’s degree is a plus
- 7+ years of progressive experience in compensation, with at least 2 years in a leadership or managerial role
- Deep understanding of compensation theories, methodologies, and best practices
- Experience with equity program management
- Strong analytical skills, including proficiency in data analysis and utilization of compensation survey data
- Exceptional communication skills with the ability to present complex information clearly and persuasively
- Extremely data driven, thorough, and meticulous
- Demonstrated experience in developing and implementing compensation strategies aligned with business goals
- Knowledge of relevant labor laws and regulations related to compensation
- Proficiency in compensation-related software and tools
What the job involves
- The People Team at Patreon is focused on building an environment where our people and our business can do their best work
- We partner closely with leaders and teams across the company to attract, develop, reward, and retain exceptional talent while creating thoughtful, scalable programs that support Patreon as we grow and evolve
- We’re a collaborative, pragmatic team that cares deeply about the employee experience and isn’t afraid to rethink how we work to better serve our people and the business
- Compensation Strategy Development: Lead the development and execution of Patreon’s compensation strategy, aligning it with the company’s objectives and market trends. Regularly assess and adjust compensation structures to attract, motivate, and retain high-performing employees
- Market Research and Benchmarking: Manage the benchmarking review process by conducting thorough market analysis to understand industry compensation trends, both domestically and internationally. Utilize benchmarking data to ensure Patreon’s compensation remains competitive and compelling
- Total Rewards Enhancement: Collaborate with HR, leadership, and benefits team to design and enhance Patreon’s total rewards framework, including base salary, variable pay, equity programs, and benefits, to ensure a comprehensive and appealing package for employees
- Equity Program Management: Oversee Patreon’s equity program design, including stock options and other equity-based incentives. Manage equity pool and spend. Educate employees on equity programs and support them in understanding the long-term value
- Compensation Planning and Review Cycles: Manage various compensation planning processes, including the annual review cycle, mid-year review, pay equity analysis, and bonus payouts. Ensure a fair and transparent process that aligns with budgetary guidelines
- Compensation Surveys and Tools: Ensure the data and tooling used at Patreon are the most accurate, relevant, and up to date
- Data Analysis and Insights: Leverage data and analytics to provide insights on compensation trends, cost projections, and potential areas for improvement. Develop reports and dashboards to communicate compensation-related metrics to leadership
- Collaboration and Partnerships: Collaborate closely with PBPs, Finance, Legal, and Talent Acquisition teams to ensure seamless execution of compensation programs. Provide guidance on compensation-related matters to enable effective decision-making
- Compliance and Governance: Stay up-to-date with relevant labor laws and regulations to ensure that Patreon’s compensation programs remain compliant. Maintain accurate documentation of compensation-related policies and practices
- Communication and Education: Develop communication strategies to educate employees about the company’s compensation philosophy, practices, and changes. Address employee inquiries related to compensation in a timely and professional manner
- Team Leadership: Develop, coach, and engage team member(s) to foster their growth and development
Our take
Creatives face two major struggles in the online space: getting eyes (or ears) on their work, and getting paid for it. Patreon was founded to solve both problems with a platform that would provide a space for creators to host and promote their work, and offer supporters a way to show their support through a regular paid subscription.
Patreon has been a leader in the content subscription space since its founding, but recently has come under pressure from newer rivals such as Substack and Ko-fi. It has maintained its position by shifting its focus from being primarily a marketplace for supporters to find creatives that interest them to being a toolbox for content creators to promote their work. While the site's creatives value this approach it remains to be seen whether Patreon will be able to return to the growth it was enjoying in previous years.
Despite the inroads made by competitors and a troubling global economic outlook making finances tougher for content creators and their supporters, Patreon is still a leader in its space, with over 250,000 active creators having made $3.5B through the platform.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Apr 2021
$155m
SERIES F
Sep 2020
$90m
SERIES E
Total funding: $352.1m
Company benefits
- Health Coverage: Medical, dental, and vision plans are available to our US employees and their dependents. Our plans have a nationwide network and we also cover a primary care concierge membership.
- Balance & Wellness: We offer a generous Flexible Time Off policy, in addition to days throughout the year where everyone takes the same day off to recharge our batteries. Employees and their dependents also have access to therapy, coaching, and Employee Assistance Programs services.
- Family Planning: We provide 20 weeks of paid parental leave, fertility, adoption, and surrogacy benefits, as well as an annual stipend for new additions to your families (including pets!).
- Lifestyle & Learning: You’ll have stipends to fund your personal lifestyle and to support your favorite creators on Patreon, as well as an annual stipend for learning and development.
- Hybrid Work: Our offices are in San Francisco, New York, and Porto. Plus, we have more teammates working remotely around the world.
- Financial Support: We offer employer matching for our retirement plans and Health Savings Account (HSA), as well as access to 1:1 financial guidance with a Certified Financial Planner.
Company HQ
SoMa, San Francisco, CA
Leadership
Jack Conte
(Co-Founder & CEO)Graduated from Stanford with a degree in Music. Created musical content on Youtube as Pomplamoose before founding Patreon.
Sam Yam
(Co-Founder, CTO & President)Worked in Analytics and Engineering roles at Yahoo, Ning and Loopt. Previously founded mobile advertising company AdWhirl, which was acquired by Google.
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