Head of Compensation, Gusto
$178-220k
2+ days a week in office
Automated payroll, benefits & HR platform
Open for applications
Automated payroll, benefits & HR platform
1001+ employees
Open for applications
$178-220k
2+ days a week in office
1001+ employees
Company mission
To create a world where work empowers a better life.
Role
Who you are
- 10+ years of progressive experience in compensation, with at least 2 years in a managerial role
- Proven experience in developing and implementing effective compensation strategies in a complex, fast-paced, tech environment
- Advanced knowledge of standard competitive market pay practices but eager to find unique solutions tailored to fit Gusto’s business model, stage, and culture
- Comprehensive understanding of pre-IPO equity vehicles and practices
- Exceptional analytical, problem-solving, communication and interpersonal skills with the ability to engage and influence stakeholders of all levels
- Ability to break down complex compensation concepts and educate stakeholders and employees of all levels, experiences, and prior compensation knowledge
- Pragmatic, action-oriented, with a strong service mindset
What the job involves
- As our business scales and becomes more complex, and as we add hundreds of new Gusties each year, we need to ensure that our compensation programs evolve and scale in a values-driven manner to attract, retain, and motivate Gusties
- This individual will lead a small but mighty Compensation Team and partner closely with the Head of People, Finance, Accounting, Legal, Equity Admin, and People Partner teams
- Design, implement, and manage compensation programs that are competitive, equitable, easily understood, and incentivize employee performance
- Lead compensation research, using both standard benchmarking approaches and more creative approaches in order to keep Gusto ahead of fast changing market dynamics
- Execute on all components of our compensation programs including cash, variable, equity, executive, and other compensation programs
- Ensure that our compensation offerings are effectively communicated and understood across Gusto and externally to candidates
- Ensure compliance with federal, state, and local compensation laws and regulations
- Work collaboratively with senior leaders and other stakeholders at Gusto on all matters of compensation to influence and meet Gusto’s talent strategy. You will work closely with HR, Finance, and Legal departments to ensure a collaborative approach to compensation
- Empower Gusto’s compensation team to do the best at their craft, inclusive of removing roadblocks, develop decision making frameworks, and development plans
Our take
For many small businesses, vital administrative tasks such as payroll, taxes, and benefits are manual tasks that take time and energy which many SMB owners don’t have. The three co-founders of Gusto – all coming from small business backgrounds – collaborated on a Fintech company that would handle employee payments, benefits administration, and compliance support specifically for small businesses.
The company may have started slowly, as the founders focused on nailing each individual aspect of Gusto’s operations, but has now skyrocketed to unicorn status with more than 200,000 customers and a multi-billion dollar valuation. In 2021, Gusto began acquiring other companies to strengthen its offering and its position in a competitive market, including two other fintech startups, Ardius and Symmetry.
Through its continued acquisitions and fundraising efforts, the company has carved out a strong position for itself in the space. Although Gusto has found itself impacted by the macroeconomic situation, through the significant effect it has had on its clientele, the company still appears positive for the future after raising funds in 2023 that will see it reach key profitability benchmarks. It continues to consolidate its platform, for example by integrating with OpenComp to grant its users access to the company's Compensation Intelligence Platform.
Steph
Company Specialist at Welcome to the Jungle
Insights
45% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
May 2022
$55m
SERIES E
Aug 2021
$175m
SERIES E
Total funding: $706.1m
Company benefits
- Comprehensive medical, dental, and vision benefits, plus a variety of mental health resources
- Flexible vacation - Gusties are encouraged to take the time off they need to continue doing great work
- Fertility treatments, parental leave, pregnancy termination, caregiving, gender-affirming surgery, hormone treatments, transgender-inclusive services, and more
- If you work at one of our homebases, enjoy food, drinks, and good conversation — on us
- Celebrate 5 or 10 years at Gusto and take a month off to recharge
- Take advantage of internet, phone, commuter, and wellness stipends each month, along with a WFH stipend and cash for anniversaries
Company HQ
Central Waterfront, San Francisco, CA
Leadership
Joshua Reeves
(CEO)Studied Electrical Engineering at Stanford and went onto co-found Gusto in 2011.
Tomer London
(CPO)Has a PhD in Electrical Engineering from Stanford. Was a Researcher at Intel, and then interned at Bump Technologies. Co-founded Vizmo, a mobile self-service technologies company, in 2008. Co-founded Gusto in 2011.
Edward Kim
(Head of Engineering)Studied Electrical Engineering at Stanford. Was Senior Project Engineer at Volkswagen of America Electronics Research Lab and then co-founded Picwing, a printed photos company, in 2008. Co-founded Gusto in 2011.
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