At FIGS, our people are our most important resource. We are seeking a highly analytical Director of Compensation and Benefits to manage FIGS’ compensation system and benefits offerings. The Director of Compensation and Benefits will be responsible for executing a highly competitive compensation and benefits strategy that supports overall talent attraction, acquisition, and retention for the Company. The Director of Compensation and Benefits will be part of the Human Resources team. 

What You’ll Do:

• Serve as subject matter expert for compensation and benefits best practices and market competitiveness. 
• Conduct benchmarking and internal compensation and benefits analyses on an ongoing basis. Evaluate the competitive market for positions in the company both internally and externally and recommend changes as necessary to maintain highly competitive compensation structure.
• Support Talent Acquisition in researching and preparing compensation offers for new hires.
• Support Company-wide performance management process by overseeing merit increases and compensation structure.
• Partner with Department Leads to build annual people budget and maintain people model. Provide Finance team with regular updates on actual hiring versus plan and updates to plan. 
• Partner with Director of HR and Department Leads to ensure coordination and proactive consideration of issues related to compensation. 
• Manage compensation survey participation.
• Monitor and evaluate the Company’s health, welfare, and retirement benefits programs. Ensure benefits are current, highly competitive, and cost-effective in regard to trends and practices.
• Coordinate development of benefits materials, roll-out and manage administration of the annual and new hire enrollment process.
• Support the negotiation of coverage services and costs with carriers, brokers, and 401K providers to ensure excellent service and competitive rates.
• Conduct annual medical renewal and cost sharing strategy recommendation. Review ancillary benefits renewals and ensure cost competitive contracts as well as highly competitive coverage.
• Administer employee insurance plans and work with insurance brokers and plan carriers.
• Develop and implement competitive wellness programs to assist with benefit cost containment.
• Conduct audits and assessments of Company compensation and benefits programs to ensure compliance and consistency with FIGS strategy. 
• Present results of compensation and benefits analyses and recommendations to executive leadership on an ongoing basis.
• Ensure that FIGS’ compensation and benefits programs are highly competitive, compliant with all applicable regulations, and aligned with the Company’s goals and objectives to ensure that FIGS is attracting, acquiring, and retaining the highest quality talent.

Requirements:

• Bachelor’s degree in Human Resources, Mathematics, or Business.
• Professional training and certification in Compensation and/or Benefits.
• Ten years of progressively responsible experience in Compensation and Benefits to include analysis, plan design and program administration.
• Outstanding analytical abilities with advanced proficiency in Excel.
• Strong communication and presentation skills.
• Proven experience working cross-functionally.
• Familiarity with Greenhouse and ADP preferred.

Other must haves: 

• Proven work ethic and integrity.
• Able to work independently.
• Positive attitude.
• Desire to excel and grow with FIGS.
• Entrepreneurial spirit and egoless nature.

A little bit about us…

The medical apparel industry is antiquated, highly fragmented and, until FIGS, was driven solely by low-cost providers offering a limited selection of poor quality products sold through third party distributors. FIGS is revolutionizing the medical apparel industry by creating the highest quality medical apparel in the world and by selling directly to medical professionals through our branded ecommerce site.

FIGS’ foundation is built on product quality, and we have a relentless focus on three key areas: fabric, fit and function. We developed our proprietary, performance-oriented fabric technology to meet the demands of the medical profession. FIGS’ Technical Collection fabric is wrinkle resistant, moisture-wicking, lightweight, breathable and offers four-way stretch. Our designs are tailored, sophisticated and innovative, incorporating features such as yoga waistbands, smart storage (pockets, zippers, hidden pockets) and inspirational sayings inside each garment that appeal to modern healthcare professionals.

By offering a branded and customer-centric online shopping experience, we are changing how medical professionals buy their workwear. Through our website, social media, and participation in medical conferences and events, we have built a strong following within the medical community and a meaningful connection with our customers, which allows us to understand their needs and to ensure that FIGS is continuously improving and innovating.

FIGS’ Threads for Threads initiative is central to our mission. FIGS has donated hundreds of thousands of scrubs to healthcare providers in need around the world.