VP, Compensation

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Description:

The Vice President of Compensation is responsible for designing, implementing, and overseeing the organization's global compensation strategy. This role ensures that compensation programs align with business objectives, attract and retain top talent, and comply with regulatory requirements. The VP of Compensation will work closely with senior leadership, HR business partners, and business leaders to develop competitive and equitable compensation structures that support the company's growth and strategic goals.

Essential Job Functions:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required.

Duties and Responsibilities:

• Develop and execute a comprehensive compensation strategy aligned with the company's business goals and talent strategy.
• Partner with the CPO and executive leadership to design executive and broad-based compensation programs, including base pay, incentives, equity, and other rewards.
• Lead the annual compensation planning cycle, including salary structures, merit increases, bonuses, and incentive plans.
• Ensure compensation programs are competitive by conducting regular market analysis and benchmarking against industry trends.
• Oversee the development of total rewards statements to communicate the full value of compensation and benefits to employees.

• Design and manage executive compensation plans, including short-term and long-term incentive programs and deferred compensation.

• Ensure compliance with federal, state, and international compensation laws and regulations, including FLSA, Equal Pay Act, and pay transparency laws.
• Develop policies and governance frameworks to mitigate risk and ensure pay equity across the organization.
• Provide data-driven insights and recommendations to senior leadership on compensation trends, workforce analytics, and pay equity analysis.

• Oversee job evaluation processes, including job architecture, leveling frameworks, and salary banding.
• Leverage compensation analytics to drive strategic decision-making and optimize the effectiveness of compensation programs.
• Partner with HR Business Partners and Talent Acquisition to develop competitive offer strategies and retention programs.
• Provide leadership and mentorship to the Compensation team, fostering a culture of innovation and continuous improvement.
• Educate managers and employees on compensation philosophy, policies, and processes through training and communication initiatives.

• Addition of benefits oversight (timing to be discussed)
• Other duties as assigned.

Desired Competencies:

Compensation Management

Executive Compensation

Incentive Programs

Market Pricing

Compensation Program Design

Compensation Strategy Development

Compensation Communication

HR Regulatory Compliance

Compensation Management Software

Education & Experience:

• Bachelor's degree in finance, accounting, human resources or a related field required; Master's preferred or equivalent work experience.

• 10 years of progressive compensation experience, with at least 5 years in a leadership role.
• Experience in a global compensation structures and strategies
• Expertise in executive compensation, incentive programs, and equity-based compensation.
• Strong knowledge of compensation regulations, including FLSA, SEC, and global pay compliance laws.
• Proven ability to lead and influence senior executives in compensation decision-making.
• Strong analytical skills with proficiency in compensation analytics tools and HRIS systems.
• Excellent communication and stakeholder management skills.

Certifications (Preferred):

• Certified Compensation Professional (CCP) or similar certification.
• Knowledge of UKG, CompAnalyst or other HR technology platforms

Location:

In office (hybrid)

Travel Requirements:

Less than 20%

Physical Demands: The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this position:

Frequent: Prolonged working at a desk, sitting, walking, eye/hand/foot coordination and repetitive motion

Occasional: Standing and bending

Infrequent: Lifting up to 10 pounds

Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal .

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here .
• Virginia residents may access our state specific policies here .
• Residents of all other states may access our policies here .
• Canadian residents may access our policies in English here and in French here .
• Residents of countries governed by GDPR may access our policies here .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.