Full-Time

Head of Compensation

Posted on 12/19/2024

Gusto

Gusto

1,001-5,000 employees

Payroll, benefits, and HR solutions provider

Fintech
Financial Services

Compensation Overview

$152k - $220kAnnually

Expert

San Francisco, CA, USA + 1 more

More locations: San Jose, CA, USA

Employees expected to work from the office 2-3 days per week.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Requirements
  • 10+ years of progressive experience in compensation, with at least 2 years in a managerial role.
  • Proven experience in developing and implementing effective compensation strategies in a complex, fast-paced, tech environment.
  • Advanced knowledge of standard competitive market pay practices but eager to find unique solutions tailored to fit Gusto’s business model, stage, and culture.
  • Comprehensive understanding of pre-IPO equity vehicles and practices.
  • Exceptional analytical, problem-solving, communication and interpersonal skills with the ability to engage and influence stakeholders of all levels.
  • Ability to break down complex compensation concepts and educate stakeholders and employees of all levels, experiences, and prior compensation knowledge.
  • Pragmatic, action-oriented, with a strong service mindset.
Responsibilities
  • Design, implement, and manage compensation programs that are competitive, equitable, easily understood, and incentivize employee performance.
  • Lead compensation research, using both standard benchmarking approaches and more creative approaches in order to keep Gusto ahead of fast changing market dynamics.
  • Execute on all components of our compensation programs including cash, variable, equity, executive, and other compensation programs.
  • Ensure that our compensation offerings are effectively communicated and understood across Gusto and externally to candidates.
  • Ensure compliance with federal, state, and local compensation laws and regulations.
  • Work collaboratively with senior leaders and other stakeholders at Gusto on all matters of compensation to influence and meet Gusto’s talent strategy. You will work closely with HR, Finance, and Legal departments to ensure a collaborative approach to compensation.
  • Empower Gusto’s compensation team to do the best at their craft, inclusive of removing roadblocks, develop decision making frameworks, and development plans.

Gusto provides payroll, benefits, and human resources solutions specifically designed for small to medium-sized businesses. Its platform allows users to manage payroll processing, employee benefits, and HR tasks in one integrated system, making it easier for businesses that may not have extensive HR resources. Gusto operates on a subscription-based model, offering various pricing tiers to accommodate different business needs, from startups to established companies. This flexibility in pricing and service options sets Gusto apart from competitors, as it caters to a wide range of clients. The company's goal is to simplify the management of employee-related tasks, enabling businesses to focus on growth and improving employee satisfaction.

Company Stage

Series E

Total Funding

$686.8M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

5%

1 year growth

18%

2 year growth

17%
Simplify Jobs

Simplify's Take

What believers are saying

  • Gusto's partnership with Nav enhances financial solutions for small businesses.
  • The demand for integrated HR and payroll solutions is rising, benefiting Gusto.
  • Gusto's focus on SMEs allows it to target a niche market effectively.

What critics are saying

  • Emerging AI platforms like Puzzle could reduce demand for traditional HR services.
  • Stride's portable benefits program may challenge Gusto's benefits offerings.
  • Nav's 'Credit Health Experience' could divert clients from Gusto's platform.

What makes Gusto unique

  • Gusto offers an all-in-one HR, payroll, and benefits platform for SMEs.
  • The company uses a subscription-based model with tiered pricing for flexibility.
  • Gusto's platform is user-friendly, simplifying complex HR tasks for small businesses.

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Benefits

It’s a marathon, not a sprint: Employees celebrating 5 or 10 years at Gusto enjoy a month-long sabbatical to travel and relax after all their hard work.

Meals and conversations: Free meals, snacks, and drinks to keep us fueled, but more importantly: they bring people together and foster community.

Wellness for every body: We’re proud to offer inclusive health care such as hormone treatments, gender-affirming surgery, therapy, family planning, and more.

The time you need: Our flexible PTO policy means every employee is encouraged to take the time they need now to keep doing great work, long term.

Family-friendly benefits: Fertility treatments, primary and secondary parental leave, sleep coaching, house cleaning for new parents, and more.

Be well, be you: Get free, comprehensive medical, dental, and vision benefits, plus a monthly fitness stipend and mental health resources too.