Head of Total Rewards, Hinge Health
$276-414k
Plus equity
3+ days a week in office (Market Street, SF)
Digital clinic for joint and muscle pain
Open for applications
Digital clinic for joint and muscle pain
1001+ employees
Open for applications
$276-414k
Plus equity
3+ days a week in office (Market Street, SF)
1001+ employees
Company mission
To improve the lives of people suffering from chronic conditions, starting with musculoskeletal conditions like back and joint pain.
Role
Who you are
- The ideal candidate will bring a strategic mindset, strong leadership skills, and a deep understanding of compensation and benefits best practices
- Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field
- 10+ years of experience in benefits and compensation planning
- 5+ years experience managing a team
- Experience leading total rewards at a late-stage venture funded company or a public company
- Preferred Qualifications
Desirable
- Master’s degree
- Ability to think outside the box and the normal benefits playbook to develop benefits strategies for managing a self-funded health plan
- Experience working both at a pre-IPO company as well as a public company
- Ideally, someone who has gone through an IPO process and taken a company public
What the job involves
- We are looking for a Head of Total Rewards to lead our Benefits and Compensation teams.
- This role offers an exciting opportunity to shape the total rewards strategy for a growing company on the path to IPO.
- Strategic Leadership: Prepare the company for IPO readiness, including setting up an ESPP program. Serve as a strategic partner to the Founders and Senior Leadership Team. Develop a comprehensive total rewards strategy that balances competitive offerings with financial responsibility
- Compensation Management: Design and implement competitive compensation structures (base salary, variable pay, incentive plans).Develop an executive compensation strategy to retain top leadership.Ensure transparency in communicating compensation philosophy to employees
- Benefits Strategy: Oversee design and management of health, wellness, retirement, and other employee benefits. Analyze and improve ROI on benefit programs, focusing on active program management and cost reduction
- Performance and Compliance: Maintain compliance with local, state, federal, and international regulations (including Canada and India). Achieve 80% satisfaction rate with performance and compensation processes. Reduce talent attrition through competitive rewards (measured by exit interview reasons)
- Reporting and Analytics: Monitor and analyze program effectiveness, including ROI on specific programs. Manage costs within budget constraints. Report outcomes to leadership and employees
Our take
Musculoskeletal (MSK) conditions are prime concerns for individuals and employers. In fact, 1 in 2 Americans experience some form of back and joint pain. Hinge Health has created a platform that brings treatment providers and patients together in order to prevent, treat and rehabilitate a variety of MSK conditions.
MSK spending has nearly doubled from $10 billion to almost $20 billion over the last 10 years. Analysis by Hinge Health indicates that MSK is an employer's highest medical claim expense. Despite this, patient results have not improved, which has led to a reported 70% of employers looking to adopt a digital MSK solution.
This wealth of opportunity has led to Hinge Health providing digital MSK clinics for employees at 1000+ companies, including Salesforce, US Foods and Boeing. With a valuation of over $6 billion, the company stands as one of the most valuable startups in digital health, and will be pursuing profitability as it prepares for a possible IPO.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
64% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Oct 2021
$400m
SERIES E
Jan 2021
$300m
SERIES D
Total funding: $825.8m
Company benefits
- Comprehensive medical, dental, and vision coverage
- We offer help with gender-affirming care, tools for family and fertility planning, and travel reimbursements if healthcare isn't available where you live
- Manage your own learning and development budget
- Mental health and lifestyle stipends to cover your favorite wellness services, workout classes, gym subscriptions, and work-from-home equipment
- Flexible vacation and paid time off
Company values
- Put members first - Hinge Health focuses first on creating a magical experience for its members, then on the enterprise customer, and finally on what makes business sense. The order matters
- Create trust - Hinge Health checks its ego at the door and collaborates to help its entire team be successful. It's honest and transparent, and it honors commitments
- Learn it all - Hinge Health isn't a know-it-all. It prioritizes truth over being right, welcomes contrary opinions, and continues to challenge itself to get better every day
- Communicate effectively - Hinge Health communicates in ways that convey both clarity of thought and rigour while being concise — be that via prose or visual aids
- Innovate and take risks - Hinge Health takes smart bets and de-risks unknowns quickly and efficiently. It knows that it has to lose some bets to make big leaps towards the future it envisions. It thinks big and is willing to challenge the status quo
- Think long-term - Hinge Health understands that great big trees start from small seeds nurtured over many years. It doesn't sacrifice long-term value for short-term results
- Make results happen - Hinge Health measures outcomes by results and impact, not actions or good intentions. It says no to a lot of important opportunities to put maximum resources behind the few initiatives that will really move the needle
- Lead at all levels - Hinge Health excels at high-level strategy and values the intuition that comes from spending time with the details. It effectively allocates its time between the two and can tell when something needs closer attention, especially when metrics and anecdotes don't align
- Act like owners - Hinge Health shows good judgment in allocating resources in a way that's best for the company, not just its own teams. It has high standards because its name is on the door
Company HQ
Financial District, San Francisco, CA
Articles
Leadership
Gabriel Mecklenburg
(Executive Chairman)Studied at Cambridge and Imperial College London. They were the COO of Oxbridge Biotech Roundtable, and co-founded Marblar in 2012.
Daniel Perez
(CEO)Studied Biochemistry at Oxford before co-founding Marblar. Was founder and CEO of Oxbridge Biotech Roundtable.
Salary benchmarks
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