Compensation Manager, Lyra Health
$106-162k
+ Equity
Employee mental health care provider
Job no longer available
Employee mental health care provider
1001+ employees
Job no longer available
$106-162k
+ Equity
1001+ employees
Company mission
To transform access to life-changing mental health care.
Role
Who you are
- This role is ideal for someone with proven experience and a drive to evolve compensation programs in a mission-focused, hyper-growth start-up in the mental health space
- We are looking for a thought partner and team player who loves collaborating on various projects with other members of the People organization at Lyra
- Minimum of 8 years of experience in compensation management with a Bachelor’s Degree in Business, Finance or related field
- Strong attention to detail with a focus on excellence
- Great team player with a collaborative mindset towards the team
- Ability to work independently, multitask, and drive towards results
- Demonstrated analytical, written and verbal communication skills
- Thoughtfulness, flexibility and a positive attitude
- Understanding of federal and state labor laws
- Fluent in Workday, Google Apps and MS Office
What the job involves
- The Compensation Manager role is a hands-on role that focuses on building a comprehensive compensation program that is competitive and scalable as Lyra continues to grow
- Develop and implement compensation programs that align with the organization’s compensation philosophy and overall business objectives
- Monitors the effectiveness of existing compensation practices and recommends changes that are cost-effective and consistent with compensation trends and corporate objectives
- Provides consultation to managers and HR Business Partners on complex pay decisions, policy interpretations, and job evaluations
- Conduct market research and analysis to derive insights and provide recommendations
- Ensure that compensation programs are administered consistently and equitably across the organization
- Oversees the participation in salary surveys and monitors salary survey data to ensure corporate compensation objectives are achieved
- Leads the year end compensation planning process in partnership with leadership
- Ensures compliance with federal, state and local compensation laws and regulations
- Provide support in the preparation of materials for the Compensation & Talent Committee
- Participate in a variety of HR and compensation-related projects, including ad-hoc studies, projects, and analysis
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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