Vice President of Compensation, Xero
$180-230k
Office located in San Mateo, CA
Cloud-based accounting software
Be an early applicant
Cloud-based accounting software
1001+ employees
Be an early applicant
$180-230k
Office located in San Mateo, CA
1001+ employees
Company mission
To make life better for people in small business, their advisors, and communities around the world.
Role
Who you are
- Highly specialized knowledge of complex compensation information and subjects on a global scale especially in the technology industry on a global scaleLeadership of a team to deliver complex and large scale compensation programs
- Leading and undertaking key analysis requirements, completes complex analysis with in-depth evaluation and interpretation
- Delivers findings and key conclusions, as well as proposed recommendationsExceptional project management skills and the ability to manage projects alone, gaining key inputs from SMEs
- Effectively ensure stakeholders remain well informed. Identifies and resolves issuesCommunicates effectively, making complex ideas understandable, escalating sparingly and when necessary
- Exceptional organizational skills, attention to detail, and ability to prioritize actions
- Developing, managing, and evaluating various components of incentive plansLeadership experience in the technology industry in a compensation role is essential
- Must have led global teams beforeUndergraduate and/or Master's Degree preferably in Human Resources, Management or similar
- Significant experience in global compensation, incentives and rewards programs
- Preferably with a company that has experienced intense growthExperience managing multiple global stakeholders at senior levels
- Project management and excellent communication skillsStrong background in HCM systems (Workday an advantage)
- Experience in leading change initiatives, process improvement and or simplification initiatives
- Solid understanding of HR processes, data management and their impact on HR systemsProven experience designing and executing global total rewards strategies through HRBP, leaders and teams to achieve business objectives
What the job involves
- By making small businesses more efficient every day, connecting them with big business technology and empowering a community behind them, their potential is limitless
- When that happens, we’re not only helping small businesses, we’ll be building a stronger economy that can change the world
- The VP Compensation is an important leadership role in the Performance and Reward team. You will be responsible for developing and implementing Xero’s compensation programmes ensuring they align with Xero’s strategy and support attraction, motivation and retention of key talent
- The role will manage a team of compensation consultants globally to ensure Xero’s job architecture and compensation offering is competitive, fit for purpose and well understood internally
- You will take a forward-thinking approach to develop innovative programs that ensure Xero’s compensation offerings are competitive, equitable, and aligned with Xero’s strategic objectives and values
- Reporting directly to the EGM Performance and Reward, this role is expected to bring strong thought leadership on global technology industry pay practices including the leadership of major change and transformation initiatives
- Provide leadership in the design and execution of compensation strategy, policy and frameworks appropriate for the technology industry, particularly SaaS and applicable to a global organization
- Lead the digitization of all compensation processes ensuring salary reviews, incentive assessments and equity decisions are undertaken in a systematic and programmatic manner
- Provide technical and people leadership to a team of compensation consultantsEvolve Xero’s global job architecture framework for compensation and ensure it’s fit for purpose in line with leading global technology organizations. Ensuring policies and practices are in compliance with legal and regulatory requirements across regions and countries
- Conduct regular market analyses to benchmark company compensation against technology industry standards and trends
- Make data driven recommendations for adjustments ensuring competitive and equitable pay practices
- Oversee salary surveys, establish salary structures, develop salary budgets and prepare policies and procedures to ensure the achievement of equitable and competitive employee compensation
- Proactively assess competitive labour market trends. Maintains a working knowledge of federal and state legislation and labour contracts that may affect compensation policies Leverage HR technology and systems to streamline processes and ensure data accuracy and efficiency
- Partner with internal stakeholders such as PX, TX, finance and others to align compensation initiatives with broader global organizational strategiesLead and work alongside compensation consultants to plan and deliver key cyclical processes such as annual and interim salary review processes, gender pay equity analysis and short-term incentive payment calculations
- Develop a compensation education road map and lead the communications for people leaders and all Xero's on the interpretation and application of compensation structures
- Lead the design of short-term incentives, long-term incentives, sales incentives, sign-on bonus, retention and project related incentivesManage relationships with consultancies/vendors on a day to day basis
- Helping drive Xero’s reward strategy and ensuring programs support our global business goals and objectives
Our take
For a long time, high-quality financial services have been reserved for large-scale businesses. Xero solves this problem by giving small businesses, accountants, and bookkeepers access to best-in-class finance and accounting solutions.
Xero is one of the largest companies of its kind, with its promise to save time and effort for small business owners - who often don’t have in-house accounting teams - capturing interest and allowing the company to scale. It has a strong rival in Intuit QuickBooks, which offers similar services, but competes by being most effective for growing startups, and having an incredibly simple user experience.
A series of acquisitions and partnerships, including the purchase of Instafile in 2018, have consolidated Xero’s market share. The company continues to add new integrations, such as with Vehocheck Workshop Manager, and the 2023 launched Beautiful Business Fund that will help small businesses accelerate growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
3% employee growth in 12 months
Company
Company benefits
- Top-spec MacBook or HP Z-book
- Employee Share Plan (own a part of Xero!)
- 23 days holiday plus Bank Holidays (plus an extra 3 days over the Christmas period!)
- 10 days Wellbeing Leave (for sickness, emergencies and taking a mental health break)
- Company Pension Scheme (matched contributions up to 4.5%)
- A range of wellbeing initiatives
- Remote and Flexible Working
Company values
- Human - Xeros are authentic, inclusive and really care. We’re kind and assume the best intent. We’re inclusive, approachable and show empathy. We’re willing to be vulnerable, sharing our fears, failures and learnings.
- Ownership - Xeros deliver on commitments. We do what we say we’ll do. We own our mistakes and take positive action. We move fast to get the right things done.
- Challenge - Xeros are curious. We think and dream big. We welcome challenging conversations and do it with respect. We lead and embrace change, seeking new and better ways.
- Beautiful - Xeros create experiences people love, and that inspire and delight. We do high-quality work and go the extra mile.
- Team - Xeros are great team players. We champion Xero’s purpose and priorities. We work together to do what’s best for Xero and our customers. We appreciate and celebrate each other and our successes.
Company HQ
Te Aro, Wellington, Wellington
Articles
Leadership
Rod Drury
(Founder)Previously Consultant at EY, Founder of Glazier System. Was CEO of AfterMail and Director at TradeMe. Also founded Pacific Fibre and was Director at NZX.
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