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Senior Director

Lovesac

This is a Full-time position in Dallas, TX posted October 24, 2021.

Senior Director of Compensation, Rewards & Well Being

Level Experienced

Job Location Dallas
– Remote
– Dallas, TX

Remote Type Fully Remote

Position Type Full Time

4 Year Degree

Travel Percentage Negligible

Job Shift Day

Job Category Human Resources

Position Summary

At Lovesac, we’re 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 can’t.

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.

We’re 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’re borrowing this earth from our children

The couch is the kitchen table

Love Matters

Currently, we are seeking to hire a Senior Director of Compensation, Rewards & Well Being.

As our People Senior Director of Compensation, Rewards & Well Being, you will be responsible for designing and implementing attractive, meaningful and equitable compensation, rewards and benefit plans for our company’s greatest asset, our people.

Your efforts will be integral in attracting, rewarding and supporting our associates throughout their journey at Lovesac.

You will serve as the internal expert in the overall strategy, design and implementation of a total rewards program, including base pay, incentive pay, benefits and retention initiatives.

All programs and initiatives will lean in on our Guiding Principles and Values from attraction throughout the associate’s Lovesac career.

You will play a strategic key role on the People Team ensuring our programs are competitive, yet uniquely Lovesac, with regard to trends, best practices and costs.

This position will report into Corporate Headquarters based Stamford, CT and will require flexibility to work both onsite as well as remote.

Summary of Key Job Responsibilities:

  • Responsible to meet or exceed all goals and key performance indicators (KPIs).
  • Develop a strategic compensation, rewards and benefit strategy in order to drive business results, while supporting our Guiding Principles and Values.

    Oversee all programs in order to enhance controls, reduce risk and maintain compliance.

  • Ensure the administrative aspects of compensation, rewards and benefit programs are efficient, effective and scalable, as the company continues to grow.
  • Participate in and review market benchmark surveys in all areas, analyze competitive market data and develop recommendations for updates to job descriptions, salary structures, incentive targets, benefit plans and programs to ensure market competitiveness.
  • Implement and oversee a 401K Audit Committee and Talent Review Committee to ensure compliance and equitable decision making.
  • Draft and implement compensation, rewards, benefits and all related policies.
  • Develop effective and compelling benefits training and communications strategies, tools and processes to optimize perceived value, improve employee engagement and ensure regulatory compliance.
  • End-to-end process execution of selected compensation, rewards and benefit programs (e.g., annual bonus, performance management, salary recommendation, LTIP, equity grants).
  • Drive health and wellness sustainability initiatives.
  • Monitor effectiveness of current programs and make recommendations for changes, model cost impact and present recommendations.
  • Ensure compliance with all compensation, benefits, and related laws and regulations.
  • Prepare annual functional budget for approval and oversee all compensation, rewards, benefits and expenses.
  • Develop and implement appropriate audits for compensation and benefit related processes to ensure accurate and efficient processing.
  • Partner with Sr.

    People Manager on the enhancement, performance, administration and maintenance of the HRIS system.

  • Mentor, train, and coach direct reports and team.
  • Provide expertise and guidance to other members of the People Team.

    Advise on pay decisions, manage required audits, policy and guideline interpretations

  • Demonstrate excellent leadership skills.
  • Maintain a calm demeanor and manage issues professionally and respectfully in accordance with our company standards.
  • Act with integrity and trust, modeling behavior that respects our employees, peers and customers in accordance with the core values of our company.
  • Perform any other duties as requested by management.

Requirements & Qualifications

  • 10+ years in Compensation and Benefits experience in a public company.
  • Bachelor’s Degree in Finance, Human Resources, Management or other related discipline; Master’s degree preferred.
  • Knowledge of federal and state laws governing comp and benefits administration practices.
  • Extensive knowledge in pay management, variable compensation and incentive plans.
  • Experience drafting and computing the narrative and tabular executive compensation disclosures in a public company proxy statement, including the Compensation Discussion & Analysis (CD&A), CEO pay ratio, and all disclosures supporting a company’s “say on pay” vote proposal.
  • Experience monitoring and engaging with governance rating agency firms such as ISS and Glass Lewis for purposes of managing a company’s compensation-related ratings and anticipating and developing action plans.
  • Experience interfacing with and presenting to boards of directors to review and recommend compensation proposals, programs and policies.
  • Strong knowledge of HRIS, HCM, data governance and reporting and equity management platforms.
  • Strong knowledge of all functional areas of HR including performance management, benefits, compensation, compliance, HRIS and change management.
  • Strong knowledge of federal and multi-state employment law, tax codes, and human resources practices.
  • Ability to operate at a strategic level with senior executives, as well as at a tactical operational level.
  • Analytical and problem-solving skills.
  • Proven ability to effectively communicate and influence at all levels.
  • Can work well in an ever-changing environment.
  • Strong project management skills, attention to detail and discretion handling confidential information.
  • Proactive, passionate and self-driven.
  • SHRM Certified Professional (SHRM-CP) or SHRM Senior Certified Professional (SHRM-SCP) credential or PHR, SPHR.
  • Consistent ability to work both remotely and report into Corporate Headquarters or designated showroom, as required and in accordance with Lovesac policies, CDC and State Guidelines.
  • Must be results driven and utilize knowledge to meet or exceed KPIs and goals.
  • Must have proven time management skills and quickly adapts to a changing business environment.
  • Able to prioritize responsibilities with the appropriate level of urgency, able to listen and can use this information to solve problems, anticipate issues and make correct decisions based on a variety of situations.
  • Must take accountability and responsibility for your actions.
  • Must have the ability to manage multiple projects simultaneously while meeting deadlines consistently.
  • Must have superior communication skills; verbal, written and interpersonal skills; able to listen effectively to solve problems, anticipate issues and make effective decisions.
  • Demonstrates strong analytical and problem-solving skills.
  • Maintains the highest level of customer service, creating solutions and experiences that drive business results and engagement with the brand.
  • Must work collaboratively with fellow employees, treating all clients, both internal and external with dignity and respect at all times.
  • Proficiency required in Microsoft Office: Word, Excel & PowerPoint.
  • Must comply with the standards, policies and procedures outlined in the Lovesac Employee Handbook.
  • Must be capable of using and operating all equipment as required, including but not limited to: iPad, laptop, etc.

    Be able to move objects (including medium to large furniture items up to 75 pounds) from a lower to a higher position or horizontally from position-to-position or be able to assemble furniture while working on the selling floor or in our warehouse.

  • Must be able to travel, as required by the Company in its sole discretion, for occasional meetings and conferences using various forms of transportation.
  • Must possess a strong work ethic and exemplify The Lovesac Values:

Lovesac Core Values

Willing to sweep the floors

Grit

Aspirational Values

Customer Centricity

Only “A” Players

Executional Excellence

Table-Stakes Values

Positivity

Flexibility

Inclusivity

Passion

Empathy

Transparency

Our Showrooms, including our website, are open seven days a week and require morning, evening, weekend and holiday availability.

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.

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