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Full-Time

Senior Compensation Business Partner II

Posted on 7/3/2024

Instacart

Instacart

10,001+ employees

Online platform for grocery delivery services

Food & Agriculture
Data & Analytics
Consumer Software
Social Impact
Biotechnology
Consumer Goods

Compensation Overview

$168k - $225kAnnually

+ Equity Grants

Expert

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Mergers & Acquisitions (M&A)
Requirements
  • Bachelor’s degree in Finance, Business Administration, or related field.
  • 5 - 10 years of experience specifically in a business facing compensation business partner role
  • Deep experience within companies that use equity as a component of compensation in executive and broad-based compensation
  • Excellent communication skills with the ability to influence and build relationships at all levels, including executive
  • Strong analytical skills with proficiency in compensation benchmarking tools and software.
  • Knowledge of relevant laws and regulations regarding compensation.
Responsibilities
  • Be the primary compensation point of contact to recruiting teams, HRBPs and business unit leaders by combining in-depth knowledge of compensation principles, understanding of the business and market landscape
  • Advise on: new hire offers, promotions, internal transfers, international employees/contractors, and performance cycles
  • Review functionally specific job architectures and evolve in ways that enable better support for hiring, career growth, and performance management
  • Provide subject matter expertise in compensation strategy, policy development, and program design
  • Develop and implement compensation structures and pay ranges
  • Play a key advisory role in the annual compensation review process
  • Ensure compliance with relevant laws and regulations regarding employee compensation
  • Assist in the development and communication of compensation policies and procedures
  • Advise on compensation matters related to mergers, acquisitions, and divestitures.

Instacart operates in the online grocery delivery market, allowing customers in North America to order groceries from local stores and chain retailers through its website or app. Customers place orders, and personal shoppers in their area pick, pack, and deliver the items, offering options for home delivery or store pickup. Instacart generates revenue through delivery fees, a subscription service called Instacart Express for unlimited free deliveries, service fees on orders, and in-app advertising from retailers and brands. The company stands out by providing same-day delivery and a 100% quality guarantee on every order, with access to a vast catalog of 1 billion products from over 500 retailers and local grocers. Instacart's goal is to be a reliable and convenient grocery delivery service, having successfully delivered millions of orders across the U.S. and Canada.

Company Stage

Series H

Total Funding

$2.5B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

4%

1 year growth

9%

2 year growth

18%
Simplify Jobs

Simplify's Take

What believers are saying

  • Instacart's collaboration with major brands and health systems can lead to diversified revenue streams and enhanced service offerings.
  • The company's leadership in the North American market and extensive retailer network provide a strong foundation for continued growth and market dominance.
  • Innovative advertising solutions, such as shoppable ads on YouTube, can significantly boost Instacart's ad revenue and attract more brand partnerships.

What critics are saying

  • Negative customer experiences, such as overcharging issues, can damage Instacart's reputation and customer trust.
  • Legal issues, like the lawsuit involving actress Angie Harmon, can lead to financial and reputational damage.

What makes Instacart unique

  • Instacart's extensive network of over 500 retailers and local grocers provides unparalleled product variety and availability compared to competitors.
  • The company's partnerships with major brands and health systems, such as Northwell Health and Welldoc, extend its service offerings beyond traditional grocery delivery.
  • Instacart's integration with platforms like YouTube for shoppable ads showcases its innovative approach to retail media and advertising.

Benefits

Go far together

Grow the pie

Roll up your sleeves

Put it all on the table

Serve generously

INACTIVE