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Full-Time

VP – Head of Compensation & People Operations

Posted on 6/27/2024

Sotheby’s

Sotheby’s

1,001-5,000 employees

Auction house for fine art

Consumer Goods

Compensation Overview

$175k - $225kAnnually

+ Bonus

Senior, Expert

New York, NY, USA

Category
Human Resources
People & HR
Required Skills
Sales
Communications
SAP Products
Human Resources Information System (HRIS)
Data Analysis
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Minimum of 8+ years of relevant compensation experience
  • Bachelor's degree required, Master's degree preferred
  • CCP (Certified Compensation Professional) designation highly desirable
  • Experience in compensation program design and administration
  • Experience with sales compensation programs
  • Proficiency in Microsoft Excel, Word, and PowerPoint
  • Strong financial acumen
  • Strong analytical and problem-solving skills
  • Project management skills
  • Excellent written and verbal communication skills
  • Experience with SAP and SuccessFactors is a plus
Responsibilities
  • Design and administer company's compensation programs and strategy
  • Build and benchmark salary ranges for each job family and market
  • Oversee budgeting and planning for global compensation expense
  • Lead annual salary, bonus, and incentive compensation cycle
  • Administer sales and commission-based incentive programs
  • Lead design and administration of global long-term incentive programs
  • Create and maintain compensation policies and procedures
  • Manage organizational data, reporting, and talent analytics
  • Oversee execution of HRIS roadmap
  • Enhance key employee lifecycle processes
  • Develop metrics and scorecards from HR systems data
  • Integrate HR systems across the enterprise
  • Ensure compliance programs are maintained
  • Oversee and enhance annual performance and planning cycles

Sotheby's is a global auction house that focuses on selling fine art, luxury items, and collectibles. It serves a variety of clients, including private collectors and investors, by organizing both live and online auctions, as well as offering private sales for direct transactions. Sotheby's makes money through commissions on sales and fees for appraisals. The company is distinguished by its expertise in valuing rare items and providing online estimates to potential sellers. Auctions are held in major cities worldwide, attracting a diverse audience of bidders. Sotheby's also curates special collections and offers a more private buying experience through its gallery network, catering to clients who value discretion.

Company Stage

N/A

Total Funding

$4M

Headquarters

New York City, New York

Founded

1744

Growth & Insights
Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Sotheby's groundbreaking $700 million securitization backed by art-secured loans demonstrates their innovative approach to art financing.
  • The company's strategic partnerships, such as with Art UK, enhance their cultural influence and market reach.
  • Sotheby's ability to attract high-profile collections and items, like the Tamotsu Yagi Collection, underscores their strong market position and appeal to elite collectors.

What critics are saying

  • Recent layoffs in the UK and potential further cuts could indicate financial instability and affect employee morale.
  • The departure of key figures, such as Brooke Lampley, may lead to a loss of expertise and impact the company's leadership in certain art categories.

What makes Sotheby’s unique

  • Sotheby's dual approach of live and online auctions, along with private sales, allows them to cater to diverse client preferences, unlike competitors who may focus solely on one method.
  • Their global presence in major cities like New York, London, and Hong Kong ensures a competitive market and attracts a worldwide audience, setting them apart from regional auction houses.
  • Sotheby's expertise in valuing and selling rare and valuable items, combined with their online estimate service, provides a unique value proposition for potential sellers.
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