Wayfair Hiring for Stores Compensation Manager Job at United States Full Time

The Wayfair Compensation Team drives cash and equity compensation strategy and planning for all employees – corporate and field – around the world. We are accountable for strategic, data-informed, competitive compensation strategy, programs and outcomes. We design and manage compensation structures for new and existing roles as our business grows and expands into new markets. We partner closely with the business, talent strategy, performance strategy, and talent management. We are not bound to traditional compensation thinking and are looking for a leader who can consolidate and advance the team to be ready for the next $10 billion in growth.

We’re seeking a manager to join our Compensation Analytics team, where you’ll use a combination of internal and external data to drive compensation strategy for our growing retail stores business. This role will also be central to building out our external benchmarking and ensure that we have the data and processes in place to maintain competitive compensation in an ever-changing environment. The ideal candidate is analytical, self-motivated, detail-oriented, and able to work and communicate cross-functionally.

Responsibilities

Reporting directly to Sr Manager of Service and Retail Compensation, you’ll own the full compensation roadmap for our retail stores and be our subject-matter expert on external trends and compensation benchmarking:

• Partner with and influence stakeholders across Wayfair, including senior management, Recruiting, Talent Strategy Business Partners, Equity Administration, and Finance to drive and evolve compensation strategy for a specific segment of the business
• As our business grows and evolves, continually refine and communicate compensation strategy and philosophy and enhance data-collection, analytics, and decision-making via purpose-built systems and tools
• Proactively identify opportunities for better design, increased efficiency, and improved structures using internal and external data
• Research, gather, and analyze external data to determine appropriate mix of base and variable compensation for jobs and positions within the Retail Stores teams
• Provide recommendations on variable incentive plan designs based on competitive market analysis and execute variable incentive programs
• Think creatively about data sources for bespoke roles or teams and help us navigate fast changing job markets
• Manage relationships with our vendors to ensure we’re leveraging their offerings (benchmarking, surveys, networking events) to the fullest extent

Skills & Experience

• Bachelor’s degree with a strong academic record
• 3+ years of work experience in an analytical role, preferably in compensation or total rewards
• 1+ years of experience in retail compensation space would be a plus
• Intermediate to advanced Excel skills
• Experience with SQL and Data Studio
• Experience with Python and Google BigQuery is a plus
• Ability to leverage data-driven insights to inform business decisions
• Strength in stakeholder management and communication; acting with a sense of urgency; and excellent follow through
• The maturity, integrity, and respect to handle extremely confidential and sensitive employee data

The salary range for this position is $121,000-143,000 annually, however, base pay offered may vary depending on location, job-related knowledge, skills, and experience. Restricted stock units may be provided as part of the compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position offered.

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