Compensation Manager

Company Description Who We Are We're purpose-driven. With every ride, we aim to redefine health and happiness. It's all about being more than a workout: SoulCycle is a mind-body-soul experience, built on community, love, respect, acceptance, and a lot of fun. It comes to life through the ride, the relationships, and the unparalleled hospitality. And all of that comes from our people. Join us-we'd love to have you Our Mission To foster an open, diverse, & inclusive community-while embracing each unique individual exactly as they are. We empower each other by listening with an open mind, finding ways to learn and grow together, and always nurturing a sanctuary of trust. To make a real, lasting impact, we'll work nonstop to embrace and create change. Because nobody is equal until everyone is equal. Job Description As a Compensation Manager, you will play a pivotal role in managing compensation programs for both corporate and field employees. Reporting to the Director of Global Compensation, you will be responsible for ensuring that our compensation practices are market-aligned, fiscally responsible, and internally equitable. This role will play a key part in scaling our compensation practice as our organization continues to grow and will involve collaborating with various departments to streamline processes, develop guidelines, and support the execution against key pillars of our Win with Talent strategy. Key Responsibilities Develop, implement, and administer compensation programs, practices, and procedures Manage the planning and execution of annual review cycle - merit, promotion, corporate bonus accrual and payout calculation, system management, manager training and communication Oversee the administration and governance of incentive compensation processes, including documentation, tracking, and reporting Conduct job evaluations, internal equity analysis, data modeling, and reporting to support corporate and field compensation programs Serve as a key resource for compensation data requests and support the new hire offer approval process; advise People & Culture Business Partners on compensation decisions and policy interpretation Manage compensation survey data submission; conduct ad hoc market research as needed Support development of internal salary structures and guidelines, ensuring internal equity and market competitiveness Assist with short- and long-term incentive programs Manage recurring equity processes, including monthly equity approvals and terminations and serve as the first point of contact for equity questions from current and former employees Collaborate with internal stakeholders to create/modify, evaluate, and implement compensation policies and procedures Keep abreast of compensation trends and developments in compensation practices and regulations; proactively recommend enhancement or adjustment as needed; ensure compliance with local, state, and federal wage laws Support the Director with change management efforts associated with new compensation program initiatives and process improvements Manage a Compensation Analyst, providing supervision, guidance, and development support Qualifications Bachelor's degree in human resources, finance, accounting, or equivalent experience Minimum 5 years of experience with at least 2 years managing annual compensation cycle, preferably at a manager level; minimum 1-year supervisory experience Experience supporting LTI and equity plans is a plus Experience with Microsoft Office Suite with advanced Excel skills required; experience with VBA or Macro is a plus Ability to reconcile large quantities of data, ability to apply analytics to recommend solutions and drive informed decision making Experience with HRIS systems; working knowledge of UKG and Shareworks is a plus Ability to work independently and collaboratively Ability to apply sound judgment and discretion working with highly confidential and sensitive information Excellent organizational and project management skills with a strong attention to detail Ability to manage multiple, high priority tasks and projects simultaneously and adjust to shifting priorities, while meeting deadlines Excellent verbal, written communication and presentation skills required Pay transparency: Salary ranges from $130,000 to $140,000 (salary to be determined based on multiple factors such as applicant's relevant experience, specific listed skills and abilities, internal equity and market data) Additional Information Additional Information For additional Information visit our Career Site:

Created: 2024-11-05