Simplify Logo

Full-Time

Compensation Analyst

Posted on 7/12/2024

Turo

Turo

1,001-5,000 employees

Peer-to-peer car sharing platform for rentals

Automotive & Transportation
Consulting
Crypto & Web3
Real Estate
Consumer Goods

Compensation Overview

$112k - $135kAnnually

+ Equity

Senior, Expert

San Francisco, CA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Mergers & Acquisitions (M&A)
Requirements
  • Bachelor’s degree or equivalent experience
  • 5+ years of experience in the employee compensation field. CCP preferred.
  • Experience working with enterprise compensation planning tools. Workday a plus.
  • Extensive knowledge of quantitative and qualitative research methods
  • Extensive knowledge of human resource laws, regulations and best practices
  • Excellent written and verbal communication skills including the ability to tell compelling stories with data.
  • Excellent organizational, time management, and project management skills
  • Ability to work independently and as part of a global team
  • Advanced excel skills
  • Proficient with Microsoft Office Suite or similar software
Responsibilities
  • Conduct routine job evaluations in partnership with HRBPs
  • Conduct ad hoc compensation analyses as requested by company leadership and the Board of Directors’ Compensation Committee
  • Develop effective compensation communications including routine reporting, annual notices, and compensation practice documentation
  • Manage all third-party survey processes
  • Maintain the job structure framework through the job evaluation process
  • Work with Talent Acquisition in support of pay transparency requirements and routine offer creation
  • Prepare and maintain job descriptions for each position in the organization
  • Provide analytical support to the Manager of Compensation’s executive compensation work
  • Create and administer all job profiles and job family structures in Workday
  • Gather data from market-based compensation surveys
  • Participate in end-to-end activities related to compensation planning processes
  • Assess jobs for classification as exempt or nonexempt
  • Participate and support compensation projects
  • Perform other related duties as assigned
  • Demonstrate Turo’s values through work product and team interactions

Turo operates a peer-to-peer car sharing platform that allows private car owners to rent out their vehicles to others. Car owners can list their vehicles, set rental prices, and determine availability, while renters can browse these listings to find a car that meets their needs for a short period. Turo facilitates the rental process by providing insurance coverage and customer support, ensuring a smooth transaction for both parties. The company earns revenue by taking a percentage of the rental fees, which aligns its interests with those of its users. Turo stands out from traditional car rental companies and other peer-to-peer platforms by offering a diverse range of vehicles, including everyday cars, luxury options, and specialty vehicles. The goal of Turo is to provide a flexible and cost-effective alternative to traditional car rentals, leveraging the sharing economy to connect car owners with renters.

Company Stage

Private

Total Funding

$746.3M

Headquarters

San Francisco, California

Founded

2009

Growth & Insights
Headcount

6 month growth

4%

1 year growth

8%

2 year growth

25%
Simplify Jobs

Simplify's Take

What believers are saying

  • Turo's expansion into international markets like France and Canada indicates strong growth potential and global reach.
  • Partnerships with major airports and travel brands like Warner Brothers and WestJet enhance Turo's brand recognition and customer base.
  • The platform's user-friendly interface and robust support services ensure a seamless experience for both car owners and renters, fostering customer loyalty.

What critics are saying

  • The highly competitive market, including traditional rental companies and other peer-to-peer platforms, could limit Turo's market share.
  • Dependence on partnerships with airports and travel brands may pose risks if these collaborations do not yield expected results.

What makes Turo unique

  • Turo's peer-to-peer model offers a diverse range of vehicles, from everyday cars to luxury options, unlike traditional rental companies with limited fleets.
  • The company’s commission-based revenue model aligns its interests with users, ensuring mutual benefit from successful transactions.
  • Turo's strategic partnerships with major airports and travel brands enhance its visibility and accessibility, setting it apart from other car-sharing platforms.
INACTIVE