About Rent the Runway:

Rent the Runway is disrupting the $1.7 trillion global fashion industry by introducing clothing rental as a utility in women’s everyday lives and empowering women to feel like their best selves everyday. We have pioneered the Closet in the Cloud and believe that every person globally will soon have a subscription to fashion. Since our launch in late 2009, we have raised $190M from top-tier investors and built one of the most beloved brands on earth. We are proud to be both a profitable and high-growth business, with a loyal 6MM-strong customer base who share the experience of renting as being empowering and smart.

Our 1000+ employees have a revolutionary spirit that permeates our culture. We’ve built - proprietary technology, a one-of-a-kind reverse logistics operation, stores of the future, a viral brand, relationships with hundreds of fashion brands - and we are obsessed with continuing to game change our customer experience. We are also trying to revolutionize entrepreneurship itself - proving that diverse teams produce outsized impact. The Rent the Runway Foundation, which our two co-founders launched together in 2015, helps tens of thousands of female entrepreneurs build and scale their own businesses with the mission of founders more clearly representing the demographics of this country.

Position Overview:

The Manager of Compensation, Benefits, HRIS & Compliance will be responsible for the strategic direction and leadership of all aspects of Compensation, Benefits, HRIS & Compliance, including overall management, design, administration, communication, compliance, activities and vendor management. The Manager will manage, plan, direct, develop, communicate and coordinate work activities of the department, ensure all plans adhere to current regulations and support the company’s strategic objectives, demonstrate an understanding of market dynamics, key competitor compensation and benefit plan designs, and industry trends, innovate in overall plan design and administration to address industry dynamics and to attract and retain talent. The priority is to ensure that the company’s compensation, benefits and HRIS processes, plans, programs and tools (and the data and information that support them) are competitive, cost effective and most importantly, support the various business strategies, enhance organizational capability and foster employee engagement.

Responsibilities:

• Compensation
• Design, develop and educate employees on Rent the Runway’s broad based compensation programs including base salary and sales commission plans
• Lead the evaluation of positions and the application of existing job classifications, assignment of job levels, salary ranges and FLSA status to positions
• Direct annual market survey and recommendations regarding changes in salary
• Identify opportunities to make compensation activities/processes more streamlined and efficient
• Design, develop, and implement compensation programs and practices to ensure we’re staying competitive in the marketplace to support recruitment, engagement and talent retention
• Coordinate with Finance in the development of annual salary budgets from collecting market data (general, industry specific, geographic) and model budget proposals

• Benefits & Administration
• Establish strategy and continuously evaluate all benefits plans to ensure they are cost effective, competitive, and meet the needs of the company and employees
• Design and implement overall strategy for health & wellness - identify opportunities, create and/or source programs to meet the needs of the employees and business
• Set the agenda and lead all 401K committee meetings and activities
• Direct the annual open enrollment process, including vendor selection and negotiation, cost-saving initiatives, employee communication and collaboration with other contributing departments
• Determine communication strategy for specific benefits (open enrollment, health and wellness, etc.) and develop employee education programs to ensure employees understand benefits, their value, and available resources
• Responsible for the creation of benefit communications that enhance employee summary plan descriptions, new hire orientations, employee event notifications, etc.
• Establish and maintain relationships with external service providers to ensure they are delivering services as outlined and expected. Provide excellent customer service to support internal customers and contract carriers, brokers, or other necessary responsibilities to facilitate proper and complete utilization of benefits for all employees
• Optimize HRIS systems to meet workforce and business requirements creating opportunities for automation and reduction of manual processes

• Regulatory and Compliance
• Ensure compliance with applicable federal or state laws or regulations (i.e. Employee Retiree Income Security Act (ERISA), Health Care Reform Act, etc.). Direct the reports and applications required by law to be filed with federal and state agencies, such as the Internal Revenue Service (IRS), Department of Labor (DOL), insurance commissions, Health Insurance Privacy Protection Agency (HIPPA) and other regulatory agencies
• Ensure all plan documents and Summary Plan Descriptions are complete and updated, 5500 filings are filed accurately and in a timely manner, prepare discrimination testing, and oversee annual plan audits
• Maintain a working knowledge of legislation that may affect compensation, benefits and payroll policies/practices

Qualifications: 

• Bachelor’s degree required
• 8+ years of overall HR experience with 5+ years of experience focused in Benefits/Compensation design and management
• Previous experience working with the Compensation Committee of the Board preferred
• Demonstrated success working cross-functionally with strong team management skills
• Possess an entrepreneurial and founder mindset, ready to take on tasks outside of role with strong agility to change and to be flexible/resilient
• Self-starter with proven ability to project manage and work independently on projects from start to finish
• Ability to work in a competitive, fast-paced and challenging environment