Conducting market analysis independently, including salary surveys and benchmarking, to ensure competitive and equitable pay rates
Designing, implementing, and maintaining Veracyte’s pay structure, salary grades, job evaluations, and compensation policies
Ensuring all pay and benefit plans comply with federal, state, and local regulations, including Fair Labor Standards Act and applicable pay transparency requirements
Designing, administering, and overseeing incentive programs, including bonus, commission, and stock option plans
Design and build compensation metrics, reports, and tools to inform compensation program decisions and forecast/analyze compensation outcomes
Participate in various complex compensation projects to ensure the company's ability to effectively attract, retain and reward employees
Prepares survey submissions and gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends
Support annual compensation review cycles, including planning, system configuration, testing, and execution
Support and drive annual employee compensation planning activities that are integrated with performance management processes, including the salary increase review cycle, promotions, and equity/market adjustments
Manage and produce comprehensive year-end compensation reports, including annual spend analysis, equity utilization reports, and compensation program effectiveness metrics
Support annual compliance reviews and reporting, including OFCCP and EEO-1 reporting.
Leading annual and off-cycle compensation processes such as merit increases, promotions, market adjustments, and new hire offers
Serving as a strategic advisor to senior management on compensation strategy, budgets, workforce planning, and pay equity
Conducting pay equity analyses and supporting remediation efforts as needed
Partnering directly with People & Culture, Finance, Legal, and business leaders to translate business needs into effective compensation solutions
Overseeing the distribution and communication of compensation and benefits information to employees and leaders in a clear, transparent, and thoughtful manner
Providing backup support for the Benefits Manager, including coverage during peak periods or absences, and assisting with benefits related initiatives as needed
Collaborating across Total Rewards to ensure alignment between compensation and benefits programs and a consistent employee experience
Maintaining governance, documentation, and controls to ensure consistency, fairness, and scalability of compensation programs
Continuously evaluating and improving compensation practices to support company growth, evolving regulations, and employee needs.
Requirements
Bachelor’s degree in human resources, finance, business administration, or a related field, or equivalent practical experience
7+ years of progressive experience in compensation, with at least 2 years at Manager level
Strong analytical skills with the ability to interpret data, trends, and financial reports
Deep understanding of compensation methodologies, job evaluation frameworks, and employment regulations
Experience conducting market pricing and benchmarking independently
Technical proficiency with HRIS systems, including Workday Advanced Compensation Module, ADP payroll software, and advanced Excel and PowerPoint
Ability to work independently, exercise sound judgment, and manage multiple priorities
Strong communication skills with the ability to explain complex pay structures to employees and leadership
Ability to flex work hours as needed, with certain times of the year or project cycles requiring extended hours to support critical compensation activities.