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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
Consulting
Consumer Goods

Compensation Overview

$181k - $192kAnnually

+ Restricted Stock Units + Medical Benefits + Dental Benefits + Vision Benefits

Senior, Expert

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Management
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 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, 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.
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.

Stitch Fix provides a personalized online styling service that uses data and algorithms to curate fashion selections for clients. Customers fill out a style profile detailing their size, preferences, and budget, and then receive a selection of clothing items shipped to their home. They only pay for what they keep, with a styling fee applied to purchases. The company aims to simplify shopping and expand its services, including direct buy options and international reach.

Company Stage

Series C

Total Funding

$81.3M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-6%

2 year growth

-16%
Simplify Jobs

Simplify's Take

What believers are saying

  • The company's focus on personalized styling and convenience appeals to high-value customers, potentially driving higher revenue per client.
  • Recent leadership appointments, including a new Chief People Officer, indicate a strong commitment to organizational transformation and employee engagement.
  • Innovative partnerships, such as the collaboration with Spotify for Style Tune Ups, showcase Stitch Fix's ability to integrate fashion with other lifestyle elements, enhancing its market appeal.

What critics are saying

  • A 16% year-over-year decline in net revenue and a 6% decrease in active clients highlight potential challenges in maintaining customer engagement and growth.
  • The need to continually innovate and personalize experiences requires significant investment in technology and talent, which could strain resources.

What makes Stitch Fix unique

  • Stitch Fix leverages advanced data algorithms and a team of stylists to offer highly personalized fashion recommendations, setting it apart from traditional retail models.
  • The combination of a subscription-based service with direct sales provides a unique business model that balances recurring revenue with flexibility for the customer.
  • Stitch Fix's extensive customer insights allow it to tailor experiences more precisely than many competitors, enhancing customer satisfaction and loyalty.