Xero is a beautiful, easy-to-use platform that helps small businesses and their accounting and bookkeeping advisors grow and thrive.
At Xero, our purpose is to make life better for people in small business, their advisors, and communities around the world. This purpose sits at the centre of everything we do. We support our people to do the best work of their lives so that they can help small businesses succeed through better tools, information and connections. Because when they succeed they make a difference, and when millions of small businesses are making a difference, the world is a more beautiful place.
At Xero, we’re here to make running a business beautiful. By making small businesses more efficient every day, connecting them with big business technology and empowering a community behind them, their potential is limitless. When that happens, we’re not only helping small businesses, we’ll be building a stronger economy that can change the world.
How You'll Make Impact
- The VP Compensation is an important leadership role in the Performance and Reward team. You will be responsible for developing and implementing Xero’s compensation programmes ensuring they align with Xero’s strategy and support attraction, motivation and retention of key talent.
- The role will manage a team of compensation consultants globally to ensure Xero’s job architecture and compensation offering is competitive, fit for purpose and well understood internally.
- You will take a forward-thinking approach to develop innovative programs that ensure Xero’s compensation offerings are competitive, equitable, and aligned with Xero’s strategic objectives and values. Reporting directly to the EGM Performance and Reward, this role is expected to bring strong thought leadership on global technology industry pay practices including the leadership of major change and transformation initiatives.
What You'll Do:
- Provide leadership in the design and execution of compensation strategy, policy and frameworks appropriate for the technology industry, particularly SaaS and applicable to a global organization.
- Lead the digitization of all compensation processes ensuring salary reviews, incentive assessments and equity decisions are undertaken in a systematic and programmatic manner.
- Provide technical and people leadership to a team of compensation consultantsEvolve Xero’s global job architecture framework for compensation and ensure it’s fit for purpose in line with leading global technology organizations. Ensuring policies and practices are in compliance with legal and regulatory requirements across regions and countries
- Conduct regular market analyses to benchmark company compensation against technology industry standards and trends.
- Make data driven recommendations for adjustments ensuring competitive and equitable pay practices.
- Oversee salary surveys, establish salary structures, develop salary budgets and prepare policies and procedures to ensure the achievement of equitable and competitive employee compensation.
- Proactively assess competitive labour market trends. Maintains a working knowledge of federal and state legislation and labour contracts that may affect compensation policies Leverage HR technology and systems to streamline processes and ensure data accuracy and efficiency.
- Partner with internal stakeholders such as PX, TX, finance and others to align compensation initiatives with broader global organizational strategiesLead and work alongside compensation consultants to plan and deliver key cyclical processes such as annual and interim salary review processes, gender pay equity analysis and short-term incentive payment calculations.
- Develop a compensation education road map and lead the communications for people leaders and all Xero's on the interpretation and application of compensation structures.
- Lead the design of short-term incentives, long-term incentives, sales incentives, sign-on bonus, retention and project related incentivesManage relationships with consultancies/vendors on a day to day basis.
What Success Looks Like:
- Helping drive Xero’s reward strategy and ensuring programs support our global business goals and objectives.
What You'll Bring With You:
- Highly specialized knowledge of complex compensation information and subjects on a global scale especially in the technology industry on a global scaleLeadership of a team to deliver complex and large scale compensation programs.
- Leading and undertaking key analysis requirements, completes complex analysis with in-depth evaluation and interpretation.
- Delivers findings and key conclusions, as well as proposed recommendationsExceptional project management skills and the ability to manage projects alone, gaining key inputs from SMEs
- . Effectively ensure stakeholders remain well informed. Identifies and resolves issuesCommunicates effectively, making complex ideas understandable, escalating sparingly and when necessary.
- Exceptional organizational skills, attention to detail, and ability to prioritize actions.
- Developing, managing, and evaluating various components of incentive plansLeadership experience in the technology industry in a compensation role is essential.
- Must have led global teams beforeUndergraduate and/or Master's Degree preferably in Human Resources, Management or similar.
- Significant experience in global compensation, incentives and rewards programs.
- Preferably with a company that has experienced intense growthExperience managing multiple global stakeholders at senior levels.
- Project management and excellent communication skillsStrong background in HCM systems (Workday an advantage).
- Experience in leading change initiatives, process improvement and or simplification initiatives.
- Solid understanding of HR processes, data management and their impact on HR systemsProven experience designing and executing global total rewards strategies through HRBP, leaders and teams to achieve business objectives.
Why Xero?
Diversity of people brings diversity of thought, and we like that. Our human-first culture of respect, fairness, and inclusion is what helps Xeros thrive and work and beyond. Offering very generous paid leave to use however you’d like (plus statutory holidays!), dedicated paid leave to care for your physical and mental wellbeing as well as an Employee Assistance Program to access mental health care for you and your family, employee resource groups, wellbeing programming and allowances, medical, dental, vision, and disability insurance, fertility and family forming financial support, 401k contribution matching, 26 weeks of paid parental leave for primary caregivers, an Employee Share Plan, beautiful offices with snacks and break areas, flexible working, career development and many other benefits that reflect our human value, you’ll do the best work of your life at Xero.
Research has shown that women and underrepresented groups are less likely to apply to jobs unless they meet every single competency or experience. If you are excited about this role, but your past experience doesn't align perfectly, we encourage you to apply anyway. You could be just the right person for this role and Xero. If you have any support or access requirements, we encourage you to advise us at time of application and throughout the interview process.
