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Benefits, Compensation

3 months ago

New York, United States Rent The Runway Full time
About Us:

Rent the Runway (RTR) is transforming the way we get dressed by pioneering the world's first Closet in the Cloud. Founded in 2009, RTR has disrupted the $2.4 trillion fashion industry by inspiring women with a more joyful, sustainable, and financially savvy way to feel their best every day. As the ultimate destination for circular fashion, the brand now offers infinite points of access to its shared closet via a fully customizable subscription to fashion, one-time rental or ownership. RTR offers designer apparel, accessories, and home decor from 700+ brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hyman's leadership, RTR has been named to CNBC's "Disruptor 50" five times in ten years, and has been placed on Fast Company's Most Innovative Companies list multiple times, while Hyman herself has been named to the "TIME 100" most influential people in the world and as one of People magazine's "Women Changing the World."

About the Job:

As a Benefits, Compensation & HRIS Specialist reporting to the Senior Manager of People Operations, you'll play a key role in managing our compensation and benefits programs and ensuring data accuracy in our HR tech stack, including Workday and Shareworks. You'll collaborate with various teams and leverage your analytical skills to deliver valuable insights that support strategic decision-making.

What You'll Do:
  • Support the design and implementation of compensation and benefit plans aligned with the company's business objectives and talent strategy. Conduct research and analysis on market trends.
  • Benchmark jobs against survey data and other market intelligence to determine appropriate compensation and pay bands for employees and new hires.
  • Assist in the execution of the company's compensation review process (salary, short-term incentives, and long-term incentives) by coordinating with our HRBPs, analyzing external market data, developing and managing compensation tools, and coordinating closely with the finance team to manage budget.
  • Support periodic pay equity studies.
  • Partner with leadership and HR/Legal/Finance to manage stock & equity programs and grant guidelines.
  • Manage and maintain HR analytics dashboards to provide valuable insights to stakeholders.
  • Serve as an HRIS administrator. Regularly analyze HRIS data, identify discrepancies, and collaborate with stakeholders for resolution. Update job profiles, compensation bands, benefit plans, and manage open enrollment and compensation process in Workday to ensure data accuracy.
  • Document all modifications and HRIS processes, and drive best-practice processes.
About You:
  • 3-5+ years of experience in Human Resources: This experience should ideally be in a compensation & benefits/HRIS focused role.
  • Experience in designing, implementing, and managing compensation and benefits programs: This includes knowledge of market trends, competitor analysis, and best practices in compensation design.
  • Strong analytical skills with experience using data to inform HR decisions: Proficiency in data analysis tools and the ability to translate complex data into actionable insights is essential.
  • Experience with HRIS systems, preferably Workday: You should be comfortable navigating and administering HR data within an HRIS system.
  • Project management experience: The ability to manage multiple projects simultaneously, meet deadlines, and effectively communicate progress to stakeholders is crucial.
  • Excellent communication and interpersonal skills: You will collaborate with various teams across the organization, so strong communication and interpersonal skills are essential for building trust and fostering relationships.
  • Ability to identify opportunities for automation and process improvement: A keen eye for streamlining processes and a willingness to explore innovative solutions are important.
  • Experience with legal and compliance considerations related to compensation and benefits at a public company is a plus.
Benefits:

At Rent the Runway, we're committed to the wellbeing of our employees and aim to create a workplace that fosters both personal and professional growth. Our inclusive benefits include, but are not limited to:
  • Paid Time Off including vacation, paid bereavement, and family sick leave - every employee needs time to take care of themselves and their family.
  • Universal Paid Parental Leave for both parents + flexible return to work program - because we know your newest family member(s) deserve your undivided attention.
  • Paid Sabbatical after 5 years of continuous service - Unplug, recharge, and have some fun
  • Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback).
  • Comprehensive health, vision, dental, FSA, and dependent care from day 1 of employment - Your health comes first and we've got you covered.
  • 401k match - an investment in your future.
  • Company wide events and outings - our team spirit is no joke - we know how to have fun
  • Office centric work - our corporate employees and technical leaders have the option to work remotely on Fridays, in accordance with Company policies.


Rent the Runway is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including pregnancy, lactation, childbirth or related medical conditions), sexual orientation, gender identity, age (40 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

The anticipated base salary for this position is $87,200 to $109,000. The actual base salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held. [FOR APPLICABLE ROLES ONLY] This position is also eligible for equity compensation.

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