Head of Compensation Design, Stripe
$202.9-304.3k
More information about location
A financial infrastructure platform for businesses
Job no longer available
A financial infrastructure platform for businesses
1001+ employees
Job no longer available
$202.9-304.3k
More information about location
1001+ employees
Company mission
To increase the GDP of the internet
Role
Who you are
- Bachelor's degree in Human Resources Management, Business, Finance, Economics, or related fields required
- 10+ years of experience with 8+ years of developing and managing global compensation programs and processes for both public and private companies, preferably in a high-growth technology environment
- Experience leading compensation strategy, competitive pay evaluation, pay/performance links, incentive program design, mergers and acquisitions, etc
- Knowledge of current market trends and practices. Experience in compensation plan administration and reporting
- Proven track record of implementing creative compensation programs that align the broader employee population and senior management with shareholder value and drive achievement of strategic objectives
- Excellent analytical and financial skills, including reduction in cost/risk and optimizing vendor structures/management
- Demonstrated ability to anticipate future trends/consequences and build innovative approaches; bring a new perspective, but also have deep compensation experience in a customer-facing environment
- Success in crafting and articulating ideas and plans to both management and peers in the context of business priorities and needs
- Experience with Workday strongly preferred
- Authentic individual with outstanding integrity whose personal and professional values are consistent with our mission, vision, and leadership framework
- Self-motivated; takes initiative to do further analysis when deeper insights can be achieved
- This role is ideal for someone who thrives in a fast-paced, dynamic environment and can navigate ambiguity with ease
What the job involves
- Stripe's Compensation Team plays a pivotal role in driving the company's people strategy
- As strategic partners to the business, we strive to demystify compensation programs and processes, enabling Stripes to focus on their core responsibilities
- We take pride in our ability to design and implement compensation offerings that not only attract top-tier talent but also foster long-term engagement and retention
- Our work ensures that Stripe remains competitive in the global talent market, empowering the organization to build and maintain a world-class workforce dedicated to advancing Stripe's ambitious goals
- The Head of Compensation Design will lead a high-performing team of compensation experts responsible for designing and implementing innovative, long-term compensation strategies
- The successful candidate will build strategic frameworks, foster cross-functional partnerships, and make data-driven decisions to ensure we meet the company's evolving needs
- Lead and mentor a team of compensation experts in designing and implementing unique, forward-thinking compensation programs on a global scale, including base salary, variable compensation, and equity plans
- Oversee all aspects of our annual compensation planning processes, including the development and completion of compensation cycle reviews and recommendations related to performance, incentives, promotions, and equity
- Collaborate closely with cross-functional teams to translate compensation philosophies into practical, impactful programs and policies
- Develop and implement cutting-edge tools and methodologies to enhance employee experiences and enable more data-driven decision-making
- Manage market pricing activities including job matching, data analytics, and job pricing, including analysis of cash and long-term incentive compensation practices
- Maintain a current knowledge of internal and external market compensation practices and trends on various topics, including pay and demand trends, organization design approaches, role definition, pay for performance, and legal and regulatory requirements
- Ensure compliance with federal, state, provincial, and local regulations. Maintaining an awareness of regulatory changes and the potential impact of those changes on current and future compensation requirements
Application process
- The application window will remain open for 100 days after the Job Post is published. However, this opportunity will remain open based on the needs of the business, which may cause the application window to close before or after the 100-day mark
Our take
Stripe, nowadays a FinTech giant, spent the first few years since its founding building up its payments business, which primarily consisted of providing an API to eCommerce businesses so that they could easily integrate a payment option in their apps or websites, where before there was none.
More recently, Stripe has started to accelerate its growth with a significantly larger range of financial services including cash advances and credit cards. They also plan to build incorporation services, fraud protection, and more, diversifying its revenue away from payments and differentiating itself from its competitors.
To further expand its position, the company is extending its services to countries with vast customer potential, including Brazil, Japan and India. It is also partnering with OpenAI, the company behind ChatGPT - a win-win collaboration that is monetising OpenAI’s flagship products and at the same time enhancing Stripe with GPT-4, as it moves forward with intentions to "build the payments foundation for tomorrow's AI economy."
Freddie
Company Specialist at Welcome to the Jungle
Insights
-5% employee growth in 12 months
Company
Funding (last 2 of 14 rounds)
Mar 2023
$6.5bn
GROWTH EQUITY VC
Mar 2021
$600m
SERIES H
Total funding: $8.7bn
Company benefits
- Unlimited paid time off policy
- Work from home opportunities
- Comprehensive mental, physical and medical health plans
- Fertility benefits and parental leave
Company HQ
SoMa, San Francisco, CA
Leadership
Patrick Collison
(CEO)Studied maths at MIT before founding Stripe. Also on the board of the Long Now Foundation.
John Collison
(President)Studied at Harvard but dropped out to found Stripe.
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