Director, Compensation & Benefits

| Chicago
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The Director, Compensation & Benefits manages the strategic direction, implementation, and management of both Compensation and Benefits programs for GoHealth. You will manage the implementation, daily administration, and communication of GoHealth's s compensation and benefits programs to ensure understanding of company and HR strategy, and compliance with the applicable U.S. and state governmental regulations.

Manage processes for compensation programs, including merit and incentives. Consult with all levels in the organization regarding pay management practices, organizational structure issues, trends, and innovative and industry best practices. You will provide functional expertise to support the analysis of the market and competitive equity programs. You will report to the CHRO and work 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

  • Benchmark all compensation programs and recommends compensation structures and plans to ensure internal equity and market competitiveness
  • Manage the compensation cycle, including completion of a balanced portfolio of surveys, annual benchmarking, and creation of salary structures
  • Manage compensation plan designs and programs for levels including Executive Comp and Stock Plan Administration
  • Oversee evaluation and market assessment of jobs using GoHealth methodology and job architecture and make recommendations for new hires and promotions
  • Direct the annual merit and bonus process and manage the severance process
  • Manage the vendor relationships of the equity program components. The equity award and administration process involve outside vendors to whom GoHealth has outsourced portions of award(s) administration. Requires 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.
  • Manage the coordination of quarterly grant payments between the stock administration vendor and the transfer agent. Coordinate with the finance department to ensure that appropriate entries are made for accumulated dividends for outstanding restricted stock units.
  • Manage 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.
  • Develop compensation communications and educational materials to ensure that compensation programs are understood and valued by all partners
  • Develop and implement reward strategy to include: salary benchmarking, retirement arrangements, benefits management, and annual compensation events such as salary and bonus review
  • Oversee compliance for all compensation, benefit, and mobility programs. This includes 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 or Masters/Graduate or MBA; (preferred field of study: Accounting, HR, Business or similar)
  • Proficient Excel (pivot tables), MS Office, and HRIS platform skills
  • 8+ years of progressive compensation and benefits management experience. Managing compensation (including executive), benefit, equity, and retirement programs
  • In-depth knowledge of equity components, experience of equity program development and administration.
  • Discrete and customer-focused with the ability to work with all department levels

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

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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 sync
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
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
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship 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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