Director, Compensation & Benefits

| Chicago
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The Director, Compensation & Benefits is responsible for the overall strategic direction, implementation and management of both Compensation and Benefit programs for GoHealth.

The incumbent will manage the planning, implementation, day-to-day administration and communication of GoHealth’ s compensation and benefit programs to ensure alignment with company and HR strategy, and compliance with applicable U.S. and state governmental regulations.

Manage processes and tools for compensation programs, including merit and short- and long-term incentives. Consult with all levels in the organization regarding pay management practices, organizational structure issues, competitive trends, and innovative and industry best practices. This position will provide functional expertise in support of the analysis of market and competitive equity programs. This position will report into the CHRO and interact frequently with executive members, Finance, HRIS, and vendor or broker representatives.

Frequently cited statistics show that women and underrepresented groups apply to jobs only if they meet 100% of the qualifications. GoHealth encourages you to break that statistic and to apply. No one ever meets 100% of the qualifications. We look forward to your application.

Responsibilities

  • Benchmarks all compensation programs and recommends compensation structures and plans to ensure internal equity and market competitiveness
  • Manages the compensation cycle, including completion of a balanced portfolio of surveys, annual benchmarking and creation of salary structures
  • Responsible for compensation plan designs and programs for levels including Executive Comp and Stock Plan Administration
  • Oversees evaluation and market assessment of jobs utilizing GoHealth methodology and/or job architecture and makes competitive recommendations for new hires and promotions
  • Directs the annual merit and bonus process
  • Manages the severance process
  • Manages the vendor relationships pertaining to the equity program components. The equity award and administration process involve outside vendors to whom GoHealth has outsourced portions of award(s) administration. Requires timely and accurate “uploading” of approved awards for inclusion in the vendor’s management system. Responsible for the accuracy and timely updating of all award and participant data. Manage in-house administration of all long term and equity awards. This is managed through collaboration with finance, payroll and human resources. Requires the tracking, validation and payment of target awards following the completion of the applicable performance period and receipt of audited financials.
  • Manages the coordination of quarterly dividend payments between the stock administration vendor and the transfer agent. Coordinates with the finance function to ensure that appropriate entries are made for accumulated dividends for outstanding restricted stock units.
  • Manages the documentation and communication processes associated with the approved Long-Term Incentive program company wide. This includes the individual communication packages associated with all equity awards.
  • Develops compensation communications and educational materials to ensure that compensation programs are fully understood and appropriately valued by all stakeholders
  • Develop, implement and communicate reward strategy to include: salary benchmarking, retirement arrangements, benefit management and annual compensation events such as salary and bonus review
  • Responsible for compliance with respect to all compensation, benefit and mobility programs. This includes, but is not limited to, Employee Retirement Income Security Act (ERISA), Affordable Care Act (ACA), Pension Protection Act (PPA), Internal Revenue Code, Fair Labor Standards Act (FLSA) and immigration law.

Skills and Experience

  • Bachelor's/Undergraduate Degree; (preferred field of study: Accounting, HR, Business or similar)
  • Master's/Graduate Degree or MBA (preferred)
  • Proficient Excel (pivot tables), MS Office, and HRIS platform skills
  • Minimum of 8-10 + years of progressive compensation and benefit management experience. Developing and managing compensation (including executive), benefit, equity and retirement programs
  • In-depth knowledge of equity components, prior experience of equity program development and administration.
  • Organized and goal oriented
  • Discrete and customer focused with the ability to work with all levels of the organization

Benefits and Perks

  • Open vacation policy because work life balance is important
  • 401k program with company match
  • Employee Stock Purchase Program
  • Medical, dental, vision, and life insurance benefits
  • Paid maternity and paternity leave
  • Professional growth opportunities
  • Generous employee referral bonuses
  • Employee Resource Groups
  • Work from Home Stipend
  • GoHealth is an Equal Opportunity Employer

Due to the unprecedented situation of COVID-19, GoHealth has decided to protect our current and future employees by managing our business remotely. This is inclusive of interviewing, onboarding and each role day-to-day. Please consider that our roles will not be remote long-term and will return to an office setting once we're safe to do so following the guidance of local health authorities’ and the CDC

#LI-SR1

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Location

Our headquarters are located in the River North area of Chicago. Located right outside of the Chicago brown line.

An Insider's view of GoHealth

How does your team reward individual success?

I went through virtual on-boarding, yet leaders across the organization have already found ways to value my contributions and help me apply insights to the business. The opportunity to work together towards the shared mission of improving access to healthcare in America is a reward in and of itself.

Siddhant

Strategic Insights Lead, Revenue & Growth Strategy

What makes someone successful on your team?

To be successful on Operational Analytics, you have to create solid relationships with your business stakeholders. Those relationships are immensely helpful when it comes to completing urgent requests, furthering your business context, and gaining new responsibilities. They can also be what makes the next step of your career come to fruition.

Jaime

Senior Data Analyst

What are GoHealth Perks + Benefits

Culture
Partners with Nonprofits
Friends outside of work
Eat lunch together
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Unconscious bias training is completed by all employees and key leaders.
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Diversity Employee Resource Groups
At GoHealth you will find a very interactive [email protected], WomeninSales, Black Lives Matter ERGs to name a few. We continue to empower employees to create employee resource groups within
Hiring Practices that Promote Diversity
From our gender neutralized job descriptions that encourage women and underrepresented groups to apply,to our interview practices, GoHealth strives to promote diversity when hiring.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Mental Health Benefits
GoHealth provides all employees access to our Employee Assistance Program (EAP) which provides well being and financial assistance. Our open PTO policy is also available for mental health days.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Employee Stock Purchase Plan
We have recently become public and will allow employees to purchase stock during certain times.
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
We provide 6 weeks of paid recovery time for new mom's and two weeks of bonding time to all new parents.
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Company sponsored family events
Pre-COVID 19, GoHealth sponsored children's day by celebrating GoHealth families.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Our employees are encouraged to use our open PTO policy towards volunteering.
Paid Holidays
Paid Sick Days
Employees can use our open PTO policy towards sick leave.
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Game Room
Pre-COVID-19 Our game room includes Ping Pong, Video Games.
Stocked Kitchen
Happy Hours
Pet Friendly
Acme Co.'s pet policy is Occasional bring your pet to work days.
Recreational Clubs
We have runners groups, volleyball groups and other
Fitness Subsidies
Home Office Stipend for Remote Employees
All GoHealth employees receive a work from home stipend to improve their WFH environment.
Professional Development Benefits
Job Training & Conferences
Acme Co. offers employees professional development opportunities like The ability to attend job related conferences and seminars.
Diversity Program
Lunch and learns
Acme Co. hosts lunch and learn meetings once per quarter.
Cross functional training encouraged
Promote from within
Mentorship program
Our mentorship program includes Cross-department program.
Time allotted for learning
Access to LinkedIn Learning has been provided to all employees as part of their professional and personal growth.
Online course subscriptions available
Customized development tracks

Additional Perks + Benefits

In addition to virtual company wide sponsored Health & Wellness Initiatives, employee referral bonuses, open vacation policy, we offer a work from home stipend to all new employees. We know that this pandemic has been difficult and working from home is a change. Every new employee receives access to a Work From Hope stipend to purchase items that will make your work from home experience much more comfortable.

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