Full-Time

Compensation Manager

Confirmed live in the last 24 hours

Stitch Fix

Stitch Fix

1,001-5,000 employees

Personalized online styling and clothing delivery

Data & Analytics
Consumer Goods

Compensation Overview

$181k - $192kAnnually

+ Equity Grants

Senior, Expert

Remote in USA

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • B.A./B.S. with 6+ years of progressive compensation experience and increasing levels of responsibility in the design and management of compensation programs.
  • Demonstrated compensation expertise in multiple topic areas - job matching and market pricing, equity mechanics (managing grant sizes, dilution impact, burn rate of equity grants), job architecture, executive compensation, etc.
  • Proficient in Excel and Google Sheets, including advanced skills such as VLOOKUPs, pivot tables and data reporting.
  • Experience with change management, including creating compensation training materials and effectively presenting them to various business audiences including managers, business partners and other stakeholders.
  • Excellent verbal, written and interpersonal skills to communicate and explain compensation philosophy, program design, and recommendations effectively with all levels of the organization.
  • Thrives working in a fast-paced environment with quickly changing business needs.
  • Highly self-motivated, with a stellar work ethic.
Responsibilities
  • Oversee flagship compensation programs and manage relationships across the organization.
  • Deep dive into analytics and thought-partner with our Total Rewards team to design and implement innovative next-generation rewards and recognition programs.
  • Work closely with our Business Partner and Growth and Development teams to educate the organization on Compensation at Stitch Fix, and establish yourself as a subject matter expert.
  • Roll up your sleeves and work hands-on while simultaneously providing strategic direction in program management and design within a highly innovative and growth oriented organization.
  • Lead the creation and management of tools used to forecast, scenario-test, and report on equity usage (burn rate modeling, in-cycle equity pool budgeting, collaborate on stock-based compensation (SBC) expense reporting).
  • Partner closely with colleagues in finance and legal/stock administration, and our Board advisors to evaluate the dilutive impact of equity programs and maintain compliance with financial reporting requirements.
  • Provide strategic insights into equity allocation and usage to support leadership decision-making, and propose novel solutions to managing equity spend.
  • Support preparation for Board and Compensation Committee meetings by creating detailed reports and analyses on equity spend and share pool metrics.

Stitch Fix offers a personalized online styling service that provides curated fashion selections to clients, primarily targeting busy professionals and fashion enthusiasts. Clients begin by completing a style profile that includes their size, style preferences, and budget. Using this information, Stitch Fix's stylists, aided by algorithms, select clothing items and accessories tailored to each individual. These items are shipped directly to clients, who can try them on at home and only pay for what they choose to keep. The company operates on a subscription model, charging a styling fee for each shipment, which can be credited towards purchases. Stitch Fix differentiates itself from competitors by combining personalized styling with the convenience of online shopping and is focused on expanding its services, including direct buy options and international growth. The goal of Stitch Fix is to simplify the shopping experience and make fashion accessible to a wider audience.

Company Stage

IPO

Total Funding

$46.3M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized shopping boosts Stitch Fix's AI-powered styling services.
  • Virtual try-on technology offers opportunities for enhancing Stitch Fix's platform.
  • AI for inventory management can optimize Stitch Fix's stock levels and reduce overproduction.

What critics are saying

  • Competitors' virtual try-on tech may diminish Stitch Fix's unique selling proposition.
  • Recent revenue decline indicates potential dissatisfaction with Stitch Fix's services.
  • New leadership roles during transformation may disrupt employee morale and productivity.

What makes Stitch Fix unique

  • Stitch Fix uses AI to deliver personalized fashion selections to clients.
  • The company combines subscription service with direct sales for a unique business model.
  • Stitch Fix offers a detailed style profile to tailor clothing recommendations.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Stock Options