Director of Global Compensation, Lyra Health
$168-279k
+ Equity in the company through discretionary restricted stock units
More information about location
Employee mental health care provider
Job no longer available
Employee mental health care provider
1001+ employees
Job no longer available
$168-279k
+ Equity in the company through discretionary restricted stock units
More information about location
1001+ employees
Company mission
To transform access to life-changing mental health care.
Role
Who you are
- This role requires a highly experienced and analytical professional with a deep understanding of broad-based and executive compensation, sales compensation, and equity programs
- Strong stakeholder management and the ability to influence at all levels are critical for success in this role
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field
- 15+ years of progressive experience in compensation, with at least 5 years in a leadership role
- Extensive experience designing and managing global broad-based compensation programs
- Proven experience with executive compensation design and administration
- Strong foundational knowledge of sales compensation principles
- In-depth knowledge of equity compensation vehicles and administration
- Demonstrated proficiency with Workday HCM, specifically in compensation modules
- Exceptional stakeholder management skills with a proven ability to influence and build strong relationships with all levels of an organization, including senior executives
- Strong analytical and problem-solving skills with the ability to translate data into actionable insights
- Excellent communication, presentation, and interpersonal skills
- Ability to manage ambiguity in a fast-paced, global environment
What the job involves
- The Director, Global Compensation is a key leader within the People team, responsible for the strategic design, implementation, and administration of all compensation programs globally
- Reporting to the VP, Global Total Rewards
- As Lyra continues to expand globally, a near-term critical focus of this role will be to integrate existing compensation programs into a comprehensive, globally-minded, locally-delivered structure, while also developing new programs in geographies where they don’t yet exist
- You will drive a compensation philosophy that attracts, retains, and motivates top talent while ensuring internal equity and external competitiveness
- Lead the design, development, and implementation of global broad-based compensation programs, including base pay structures, annual incentive plans, and long-term incentive plans
- Manage and administer executive compensation programs, including executive salary, bonus, and equity plans, ensuring compliance with all regulatory requirements
- Partner with our Go To Market Operations team to ensure sales compensation plans that align with overall compensation philosophy and talent objectives
- Partner with the Equity team to ensure equity compensation programs deliver value and align to overall compensation philosophy
- Serve as a subject matter expert for compensation within Workday, leveraging its capabilities for efficient program administration, reporting, and analysis
- Conduct comprehensive market analysis and benchmarking to ensure the competitiveness of compensation programs across all levels and regions
- Develop and maintain compensation policies and procedures, ensuring compliance with local, national, and international regulations
- Partner with HR Business Partners, legal, finance, and other internal stakeholders to understand business needs and ensure compensation programs support organizational goals
- Lead and mentor a team of compensation professionals, fostering their growth and development
- Manage relationships with external compensation consultants and vendors
- Assist with preparation of compensation-related materials for review by Executive Leadership, the Compensation and Talent Committee and the Board of Directors as needed
Our take
In the United States, millions of people suffer from mental illness each year - a figure which is unfortunately on the rise - and research suggests that depression and anxiety disorders lead to $1 trillion in lost productivity worldwide each year. Lyra Health is one company out to tackle these issues head-on, by delivering mental health care for employees.
Lyrah Health is seen as a key player alongside other online mental telehealth platforms, which include Calm, Genoa, and Talkspace. The company offers video counselling sessions and one-to-one messaging to help users with a variety of conditions including anxiety, depression, and substance use disorder. Coaching is also offered as a preventative measure.
Lyra Health boasts a 90% satisfaction rate across its more than 2.2 million members, demonstrating the impact that its products can have on wellbeing. In 2022, Lyra announced its acquisition of ICAS World, an international provider of employee assistance programs. Its global network includes over 1,500 companies and 6.3 million users across more than 155 countries, which should give Lyra smooth inroads into global markets.
Freddie
Company Specialist at Welcome to the Jungle
Insights
40% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jan 2022
$35m
SERIES F
May 2021
$200m
SERIES F
Total funding: $690.1m
Company benefits
- Full access to Lyra’s mental health services for employees and their eligible dependents—at no charge
- Medical, dental, and vision benefits, and free monthly membership to One Medical
- Generous compensation, 401k, and equity options
- Four weeks of vacation and paid holidays
- Monthly tech stipend
Company HQ
Downtown, Burlingame, CA
Leadership
David Ebersman
(Co-Founder & CEO)Former Equity Research Analyst at Oppenheimer & Co. Also served as the CFO at Facebook, and worked at Genentech for 15 years, leaving as Chief Financial Officer & Executive VP.
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