Senior Manager, Total Rewards

FIGS is looking for a seasoned and strategically-minded Senior Manager, Total Rewards, to join the People Team. This leader will partner closely with the VP, Talent & Rewards to lead our compensation and benefits programs to ensure the programs attract and retain incredible team members. The ideal candidate will have a deep understanding of total rewards principles, strong analytical skills, and a proven track record of designing and implementing effective compensation and benefits strategies that attract, retain, and motivate top talent.

What you'll do:

• Total Rewards Strategy: Play a key leadership role in developing and implementing our comprehensive total rewards strategy that is aligned with the organization's objectives and competitive market positioning. Continuously evaluate and adjust the strategy to ensure it remains relevant and effective.

• Compensation Management: Oversee the design, implementation, and administration of competitive and equitable compensation programs, including base salary structures, variable pay plans, and recognition programs. Ensure compensation practices comply with legal and regulatory requirements.

• Benefits Administration: Manage all aspects of employee benefits programs, including health and wellness plans, retirement savings, and other ancillary benefits. Evaluate benefit offerings to ensure they meet employees' needs while effectively managing costs.

• Performance Management: Collaborate with the VP, Talent & Rewards to integrate total rewards considerations into the performance and talent review processes. Develop metrics and analytics to assess the effectiveness of compensation and benefits programs in driving employee performance and engagement.

• Market Analysis: Conduct regular benchmarking and market analysis to stay informed about trends and best practices in total rewards. Use insights to make data-driven recommendations for program enhancements and adjustments.

• Communication and Education: Develop communication strategies to educate employees about the organization's total rewards offerings and promote understanding of the value proposition. Provide guidance and support to HR partners and managers on total rewards-related matters.

• Vendor Management: Oversee relationships with external vendors, including benefits providers, compensation survey firms, and technology partners. Negotiate contracts and service agreements to optimize value and service delivery.

• Compliance and Governance: Ensure compliance with relevant laws, regulations, and company policies related to compensation, benefits, and total rewards. Establish governance mechanisms to monitor program effectiveness and address any compliance issues proactively.

Qualifications:

• 8+ years of progressive experience in compensation, benefits, or total rewards management.

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. Advanced degree or professional certification (e.g., CCP, CBP, CEBS) preferred.

• Demonstrated expertise in developing and implementing total rewards strategies that support organizational strategy.

• Strong analytical skills with the ability to interpret data, draw insights, and make data-driven recommendations. High attention to detail with advanced skills in Excel.

• Excellent communication and influencing skills, with the ability to effectively engage and collaborate with stakeholders at all levels.

• Knowledge of relevant laws, regulations, and compliance requirements related to compensation and benefits.

• Experience with HRIS and compensation planning systems preferred.

• Strategic mindset with the ability to think critically, anticipate future trends and adapt to changing business needs.

FIGS Compensation and Benefits

Pay Range

• At FIGS, your base salary is one part of your total compensation package. This role's base salary range is between $120,000 and $150,000. Actual base salary is determined based on a number of factors, including but not limited to your relevant skills, qualifications, and years of experience.

Additional Compensation and Benefits

• Equity: All FIGS employees have the opportunity to own shares of FIGS stock through our new-hire equity program. Additionally, FIGS provides a discount when purchasing FIGS stock voluntarily through our FIGS Employee Stock Purchase Plan

• Annual bonus: This position is eligible to participate in the FIGS annual bonus program

• Other compensation and benefits offered include:

• Comprehensive benefits and perks package focused on your well-being, including premium medical, dental and vision coverage, and full access to wellness services through Breethe and Classpass. 100% FIGS-sponsored life insurance and disability insurance

• Amazing 401(k) program, with a company match up to the first 6% of your contribution

• Generous paid time off - We have 12 company holidays. For salaried team members, we offer flexible vacation.

• Meaningful time away for baby bonding, including parental leave, new parent care meals, and a transition back to work for primary caregivers

• FIGS sponsored Uber Eats voucher for in-office weeks

• Personalized discount code for 50% off all FIGS products, along with a separate code to share with family and friends to enjoy a 25% discount site-wide

• Access to FIGS Vet, Discounted Pet Daycare, Discounted Pet Insurance, and so much more…

• Benefits eligibility is determined by hour requirements and length of service

A little bit about us…

FIGS, Inc. is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. We redefine what scrubs are by creating technically advanced apparel and products that feature an unmatched combination of comfort, durability, function and style, all at an affordable price. With the largest DTC platform in healthcare apparel, we sell our products to a rapidly growing community of loyal customers. Through these customer relationships, FIGS has built a community and lifestyle around a profession, revolutionizing the large and fragmented healthcare apparel market and becoming the industry's category-defining healthcare apparel and lifestyle brand.

Our Threads for Threads initiative is integral to our mission to improve the lives of healthcare professionals on a global scale. Founded alongside FIGS in 2013, Threads for Threads donates scrubs to healthcare professionals working in resource-poor countries around the world.

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