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. 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.
Responsibilities
- 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
Qualifications
- 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
At Lyra, base salary is only one aspect of an employee’s total compensation package, which additionally may include discretionary restricted stock unit awards, comprehensive medical and dental coverage, and retirement benefits. This role may also be eligible for discretionary bonuses.