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Compensation Manager

2 months ago

Tustin, California, United States Virgin Galactic Full time
Job Summary

We are seeking a highly skilled Compensation Manager to join our team at Virgin Galactic. The successful candidate will be responsible for leading the implementation and administration of compensation programs that will attract, retain, motivate, and reward teammates.

Key Responsibilities
  • Develop and maintain effective working relationships within the People team as well as across our business units (corporate finance, legal, engineering, etc.) in support of compensation programs.
  • Lead key compensation initiatives related to annual merit planning and execution, annual incentive design and administration, long-term incentive design and administration, compensation benchmarking, and communication of compensation plans.
  • Develop, implement, and administer compensation plans, pay structures, and processes that support the company's compensation philosophy, pay equity, and pay transparency.
  • Provide consultation and in-depth expertise to business leaders, Talent Partners, and People Business Partners on base pay administration and incentive compensation design to align with business strategy.
  • Responsible for creating and supporting total compensation programs, practices, and policies to attract and retain top talent.
  • Perform job evaluations and recommend salary changes or offers to candidates.
  • Ensure compliance with Federal, State, and local laws and regulations.
  • Lead creation of materials for the Compensation Committee of the Board and the annual proxy statement/filing.
  • Partner with HRIS to ensure data integrity and perform ad-hoc analyses/reporting as needed.
  • Conduct analyses for executive compensation projects, including financial analysis of compensation programs and initiatives.
  • Lead year-end compensation review process.
Requirements
  • Bachelor's Degree required, preferably in Human Resources, Finance, Mathematics, Statistics, or a related field.
  • WorldatWork CCP, CEP, or other appropriate certification preferred.
  • A minimum of 8-10 years' experience in compensation.
  • 2-3 years of consulting or corporate executive compensation experience.
  • Strong analytical and problem-solving abilities and attention to detail.
  • Time management and project management skills – prioritize workload, to meet deadlines and ensure partners meet deadlines.
  • Strong knowledge of executive compensation programs and practices preferred.
  • Strong quantitative, statistical, analytical skills and attention to detail.
  • Expert proficiency with the Microsoft Office Suite (Excel, Word, PowerPoint).
  • Demonstrated ability to anticipate and prioritize multiple priorities in a fast-paced environment.
  • Ability to handle compensation employee data with complete confidentiality and utmost discretion.
  • Able to assimilate research data from a variety of sources, analyze, and recommend appropriate courses of action.
  • Proficiency with HRIS (preferably SuccessFactors) and possess systems aptitude.
  • Demonstrated ability to explain complex concepts clearly to varied audiences.
  • Demonstrated resourcefulness; works well independently and on a team.
Compensation and Benefits

The annual base salary range for this full-time position is $118,000-$180,000. The base pay actually offered will vary depending on job-related knowledge, skills, location, and experience and take into account internal equity. Other forms of pay (bonus or long-term incentive) may be provided as part of the compensation package, in addition to a full range of medical, financial, and other benefits, dependent on the position offered.