Analyst, Compensation And Rewards

Job Details

Remote Type

Fully Remote

Salary Range

$55,000.00 - $80,000.00 Salary/year

Description

Our purpose:

At Lovesac, we are committed to helping people fill their homes with Total Comfort. That means having furniture that can evolve along with them as life unfolds.

From Sactionals, The World’s Most Adaptable Couch, to Sacs The World’s Most Comfortable Seat, Lovesac products provide peace of mind where others cannot. Our products can adapt to fit almost any space and style and look like new forever. This enables a new way of living, where people can continue to invest in, add to, and evolve their furniture instead of adding it to the landfill which is good for families and our environment.

What We Believe

Love. It is the name we live up to. It is purposefully and meaningfully woven into every aspect of our business. We champion building meaningful relationships as we foster a culture that embraces and celebrates the experiences, beliefs, backgrounds, expertise, talent, and individuality of everyone. We seek to promote love and happiness with all that we do. #LoveMatters

We are committed to working and succeeding by incorporating our Guiding Principles into everything we do:

We can all win together

Doing less and doing better

We are borrowing this earth from our children

Home is where life happens

Love Matters

The Role

As our Compensation and Rewards Analyst, you will be responsible for assisting in the development, management and implementation of attractive, meaningful and equitable compensation plans for our company’s greatest asset, our people. You will serve as a partner on all the compensation related programs, including base pay, bonus plans, incentive plans, budgets, survey benchmarking, data integrity and retention initiatives. You will play a strategic key role on the People Team ensuring our programs are competitive, compliant, and motivating while yet uniquely Lovesac, regarding trends, best practices and procedures by conducting both internal and external market research. Additional responsibilities will include participation in the administration of our annual compensation process, including partnering with all members of the HR team, as well as other senior departmental leadership on pay strategy and design.

This position is remote and will report into Lovesac Corporate HUB based in Stamford, CT. Candidates must fully reside in one of the 50 United States and should have the ability for occasional travel to their designated HUB or Retail touchpoints or for any meetings and conferences.

Summary Of Key Job Responsibilities

• Partner with HRIS team on the enhancement, performance, administration and maintenance of the HRIS system.
• Responsible to meet or exceed all goals and key performance indicators (KPIs).
• Conduct appropriate audits for compensation related processes to ensure accurate and efficient processing.
• Ensure compliance with all compensation and related laws and regulations.
• Assist with annual performance management merit, bonus and equity LTIP programs; work with HR partners, line managers, and upper management to ensure process runs smoothly and is completed in a timely manner.
• Perform any other duties as requested by management.
• Assist with the major compensation initiatives such as review of minimum wage ordnances for our hourly associates, as well as pay equity analysis across the company.
• Partner with various stakeholders as part of the workforce budgeting process and help with analytics and tracking of annual workforce salary and departmental budgets.
• Participate in and review market benchmark surveys in all areas, in order to analyze competitive market landscape and develop recommendations ensuring market competitiveness and that programs are efficient, effective, compliant and scalable, as the company continues to grow.
• Support and advise managers on compensation-related activities, including new hire offers, promotions and salary adjustments and proactively identify issues and propose solutions and recommendations.
• Review, draft and implement compensation related documentation.
• Conducts analysis and maintains compensation reports and queries; maintain compensation data ensuring accuracy and data integrity.
• Act with integrity and trust, modeling behavior that respects our employees, peers and customers in accordance with the core values of our company.
• Maintain a calm demeanor and manage issues professionally and respectfully in accordance with our company standards.
• Monitor effectiveness of current programs and make recommendations for changes, model cost impact and present recommendations.
• Provide expertise and guidance to other members of the People Team. Advise on pay decisions, manage required audits, policy and guideline interpretations.

Qualifications

Requirements & Qualifications:

• Proficiency in Word & PowerPoint; advanced Excel skills (Pivot tables, V-lookups) required.
• Exemplify each of our Lovesac values, at all times, be results driven and utilize knowledge to meet or exceed KPIs, goals and deadlines. Must be able to travel, as required by the Company in its sole discretion, for meetings and conferences using various forms of transportation.
• Knowledge of federal and state laws governing compensation administration practices; knowledge of federal and multi-state employment law, tax codes, and human resources practices preferred.
• Knowledge in pay management, variable compensation and incentive plans.
• Knowledge of HRIS, HCM, data governance and reporting and equity management platforms.
• Bachelor’s Degree required; Business Administration, Human Resources, Finance, Accounting or other related discipline preferred.
• Strong interpersonal and project management skills, and ability to be discreate while handling confidential information; can work well in an ever-changing environment.
• Proven ability to effectively communicate and influence at all levels. Demonstrates strong analytical and problem-solving skills as well as being very detailed orientated.
• Our customers have the opportunity to shop with us seven days a week and select positions may require availability outside of normal weekday hours.
• Must comply with all policies and procedures outlined in the Lovesac Employee Handbook and work collaboratively with fellow employees, treating all clients, both internal and external with dignity and respect at all times.
• 1-2 years of Compensation & Rewards experience in a public company. Retail organization experience preferred but not necessary.

Lovesac Core Values Audacious Dreamers, Willing to sweep the floors, Grit

Aspirational Values Customer Centricity, Only A Players, Executional Excellence, Consciousness

Table-Stakes Values Positivity, Flexibility, Inclusivity, Insatiable Learning, Passion, Collaboration, Empathy, Transparency

Full Time Benefits*

• Health and Wellness Benefits: Medical, Dental, Vision, Health Savings and Flexible Spending Accounts, Paid Parental Leave, Life/AD&D, Short Term and Long-Term Disability, Critical Illness and Accident Insurance, Employee Assistance Program.
• Eligibility and terms for all benefits listed are as outlined in Lovesac’s policy and plan documents.
• Paid Time Off: Up to 120 hours of paid time off within our fiscal calendar year, prorated from date of hire, 8 paid company recognized holidays, Summer Flex Time.
• Pet Insurance and generous Associate Discounts.
• Financial Benefits: Annual Bonus Program, Annual and Inaugural Grant Equity Awards, 401K Matching Contribution, Financial Wellness Tools, Sales Incentive Program.

Associate pay will vary based on factors such as qualifications, experience, skill level and competencies.

Lovesac is an Equal Opportunity employer and considers all applicants for employment without regard to race, color, religious creed, ancestry, religion, sex, sexual orientation, gender identity and/or expression, pregnancy, age, national origin, marital status, disability, military status, genetic information or any other characteristic protected by applicable law.

Disclaimer: The above statements describe the general nature and level of work being performed by individuals employed in this position. This job description is not intended to be an exhaustive list of all duties and responsibilities required in this position. The job may change as the business changes or customer need changes or may vary somewhat from location to location. Management retains the right, authority and discretion to add or change the duties of the position at any time. Associates must learn and observe applicable company policies and safe practices, as well as perform all duties assigned by supervisors. This job description does not constitute an employment contract.

To the extent an employee requires a reasonable accommodation in order to perform the duties of this job, please direct such requests to The Lovesac People Department.