- Develop and implement a holistic compensation strategy that supports the organization's business objectives and talent acquisition goals.
- Stay abreast of industry trends, market benchmarks, and best practices to ensure the company's compensation programs remain competitive.
- Oversee the design and administration of total rewards programs, including base salary, variable pay, benefits, and recognition initiatives.
- Collaborate with HR to ensure a seamless integration of compensation programs with broader talent management and employee engagement strategies.
- Responsible for creating and implementing operational compensation policies, conducting market analysis, and providing strategic compensation support to various companies.
- Conduct regular market analyses to benchmark the organization's compensation packages against industry standards and competitors.
- Utilize data and analytics to make informed decisions on salary structures, pay scales, and bonus programs.
- Research and analyze geographic pay data, design performance management tools, and ensure compliance with relevant regulations. Provide leadership in the development and implementation of performance management, compensation strategy, and pay-for-performance initiatives.
- Develop and manage executive compensation programs, ensuring alignment with company goals and shareholder interests.
- Stay informed about regulatory requirements and governance principles related to executive compensation.
- Administer and enhance equity-based compensation programs, such as stock options, restricted stock units, and performance shares.
- Monitor equity plan compliance and communicate effectively with participants.
- Design and implement communication strategies to educate employees about the organization's compensation philosophy, programs, and opportunities.
- Provide training to HR professionals, managers, and executives on compensation-related matters.
- Develop, update, and enforce compensation policies and procedures to ensure legal compliance and alignment with organizational values.
- Collaborate with legal and compliance teams to address any regulatory changes affecting compensation.
- Responsible for creating and implementing operational compensation policies, conducting market analysis, and providing strategic compensation support to various companies.
- Partner with finance and leadership to develop and manage the compensation budget.
- Provide financial analysis and reporting on compensation-related expenses.
- Bachelor's degree in Human Resources, Business Administration, Finance or related field required, relevant Master's degree or certification (e.g., CCP, GRP) is highly preferred.
- Minimum of 15 years of progressive experience in compensation management, including roles of increasing responsibility.
- Extensive knowledge of compensation principles, market trends, and best practices.
- Demonstrated expertise in compensation management, with a proven track record of successfully designing and implementing compensation strategies.
- Strong analytical skills and proficiency in compensation data analysis tools.
- Exceptional communication and interpersonal skills, showcasing the ability to influence and collaborate effectively at all organizational levels.
- In-depth knowledge of relevant employment laws and regulations.
- Strategic thinking and the ability to align compensation programs with broader business goals.
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Head of Compensation - Greenwich, CT, United States - Zinnia
Description
WHO WE ARE:
Zinnia is simplifying how people buy, sell, and administer insurance products. Combining intuitive enterprise technology solutions and data insights with the streamlined, consumer-facing Policygenius marketplace, Zinnia is redesigning the insurance experience for shoppers, advisors, and insurers alike — and enabling more people to protect their financial futures along the way. Zinnia has over $173.7 billion in assets under administration across 60+ carrier clients, 350 distributors and partners, and over 2 million policyholders.
WHO YOU ARE:
As the Head of Compensation, you will play a pivotal role in developing and implementing compensation strategies that align with the organization's overall objectives. This leadership position requires a deep understanding of compensation principles, market trends, and a strategic mindset to ensure the company attracts, retains, and motivates top talent. You will collaborate with cross-functional teams, executives, and HR to design and manage comprehensive compensation programs.
WHAT YOU'LL DO:
Compensation Strategy:
Total Rewards Management:
Compensation Analysis and Benchmarking:
Executive Compensation:
Equity Programs:
Communication and Education:
Policy Development and Compliance:
Budget Management:
WHAT YOU'LL NEED:
WHAT'S IN IT FOR YOU?
Zinnia offers excellent career progression and competitive compensation with the goal of retaining and growing talented team members. The salary range for this role is a good faith estimate, it is estimated based on what a successful candidate might be paid in certain Company locations. The salary range for this position is $275,000 - $350,000. All offers presented to candidates are carefully reviewed to ensure fair, equitable pay by offering competitive salaries that align with the individual's skills, education, experience, training, and geographic location.The range may vary above or below the stated amounts. We offer great benefits, including health/dental insurance, parental leave, profit sharing, 401(k), incentive/bonus opportunity, tuition reimbursement, and so much more. We're looking for the best and brightest innovators in the industry to join our team. At Zinnia, you collaborate with smart, creative professionals who are dedicated to delivering cutting-edge technologies, deeper data insights, and enhanced services to transform how insurance is done. Visit our website at for more information. Apply by completing the online application on the careers section of our website.We are an Equal Opportunity employer committed to a diverse workforce. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability.
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