Head of Compensation, Gusto

$178-220k

Expert level
San Francisco Bay Area

2+ days a week in office

Gusto

Automated payroll, benefits & HR platform

Open for applications

Gusto

Automated payroll, benefits & HR platform

1001+ employees

FintechB2BHRSaaSAccounting

Open for applications

$178-220k

Expert level
San Francisco Bay Area

2+ days a week in office

1001+ employees

FintechB2BHRSaaSAccounting

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

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Insights

Top investors

45% employee growth in 12 months

Company

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

Funding (last 2 of 8 rounds)

May 2022

$55m

SERIES E

Aug 2021

$175m

SERIES E

Total funding: $706.1m

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.

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Steph

Company Specialist at Welcome to the Jungle