Compensation Partner, Retool

$145.6-230k

Excel
Google Sheets
Senior and Expert level
San Francisco Bay Area

3 days a week in office (Bryant Street, CA)

Retool

Low-code internal tools building software

Open for applications

Retool

Low-code internal tools building software

201-500 employees

B2BInternal toolsSaaSProduct ManagementNo-Code

Open for applications

$145.6-230k

Excel
Google Sheets
Senior and Expert level
San Francisco Bay Area

3 days a week in office (Bryant Street, CA)

201-500 employees

B2BInternal toolsSaaSProduct ManagementNo-Code

Company mission

Retool's mission is to create the future of internal software by making software development for engineers simpler and more accessible.

Role

Who you are

  • 8-10 years of experience working in an HR function with compensation programs, benchmarking, surveys, administration, compliance and data analysis
  • Extensive experience with HRIS systems, compensation management tools and advanced skills in Excel/Google Sheets programs
  • Exceptional attention to detail and accuracy, excellent problem-solving, analytical, budgeting, and research skills
  • Proven organizational skills, including balancing multiple responsibilities, and effectively meeting deadlines
  • Effective communication and ability to influence stakeholders at all levels with a high level of responsiveness
  • Experience with Radford and other compensation benchmarking data sets
  • Knowledge of relevant employment laws and regulations
  • Ability to handle confidential and sensitive data with the utmost integrity
  • Well-versed understanding of equity compensation such as stock options and RSUs
  • Ability to come onsite, in-office 3x/wk (1550 Bryant St. San Francisco, CA 94103)

Desirable

  • Experience working in a high-growth technology company
  • Certified Compensation Professional (CCP)

What the job involves

  • We’re looking to hire a Compensation Partner to support the evolution of our compensation philosophy and continuously review our salary structures, leveling framework, and other compensation-related initiatives
  • As an early member of the compensation team, you’ll build for the needs of our business today and for the broader scale years from now
  • We're looking for someone who is willing to roll up their sleeves, motivated by having an impact on the business, interested in building and scaling the compensation function, and is constantly curious
  • You’ll support our overall compensation philosophy, infrastructure and annual market analysis to determine our competitive pay positioning
  • You'll also take on critical management of bi-annual performance cycles and year-end compensation planning, including merit review, HRIS administration, and company-wide communication
  • This position not only provides analytical and strategic support to evolve Retool’s people programs, but helps ensure Retool’s business and people strategy are aligned to attract the best talent
  • As a Compensation Partner, you will be a key member of our People Experience team and have the opportunity to help craft and maintain Retool’s compensation programs company-wide
  • You will play an important role in evaluating, designing, and implementing Retool’s compensation policies
  • Be responsible for advising and maintaining compensation infrastructure (base, bonus, and equity ranges) for new and existing hires
  • Support the performance and compensation processes including the focal and mid-year reviews, promotions, pay equity analysis, etc
  • Build and own central compensation modeling and budgeting initiatives with the finance team
  • Continually review Retool’s compensation heuristics and comp philosophy to ensure they are in alignment with the company’s business and people strategy
  • Ensure accurate data entry and integrity across Retool comp databases while advising on new automation opportunities
  • Partner with internal team members to build, document, and maintain compensation-related guidelines, policies, workflows and procedures for our programs
  • Provide counsel to People Business Partner and Talent Acquisition on compensation issues related to recruiting and candidate offers, as well as employee promotion, recognition, and retention actions
  • Create tools and resources to drive stakeholder capability and build scalable efforts
  • Have a direct relationship with outside consultants/vendors for annual survey submissions, contract renewals and data reporting
  • Maintain a working knowledge of federal, state and local legislation that may affect compensation policies including minimum wage regulations for all geographic areas with Retool operations
  • Lead special projects across a variety of areas such as job structure, pay transparency, management training and other various compensation related programs

Our take

Retool allows developers to build internal applications quickly using a complete set of ready-made building blocks. These internal applications can be used to display company data from a range of sources, including Redis, Salesforce, Google Cloud, and Slack.

For a monthly fee, the platform enables companies to save time that they would have otherwise spent on developing their own internal applications. Retool brands itself as 'low-code,' meaning that it is easy to use and customize. There is a huge demand for systems that allow teams to analyze the data they already have. Retool already counts brands such as Amazon, Philips, Peloton, NBC, and Mercedes-Benz as customers.

Retool was founded in 2017, and the company is now valued at over $1 billion. Founded by Oxford graduate David Hsu, the management team includes ex-Stripe and ex-Airbnb employees with plenty of experience in taking a company from a start-up to a global brand. Retool was awarded $45 million in Series C in 2022, which it is using to expand its workforce, tweak its platform, and develop new products.

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Steph

Company Specialist

Insights

Top investors

Few candidates hear
back within 2 weeks

38% employee growth in 12 months

Company

Funding (last 2 of 6 rounds)

Jul 2022

$45m

SERIES C

Dec 2021

$20m

SERIES C

Total funding: $165.2m

Company benefits

  • Competitive healthcare, dental and vision benefits
  • Breakfast, lunch and dinner at our San Francisco and New York offices
  • $1,200 annual stipend for anything learning-related (books, conferences, classes, etc.)
  • $1,000 work-from-home-setup stipend
  • Flexible PTO
  • Family planning support and paid parental leave
  • 401(k) Matching
  • Mental health and wellness benefits

Company HQ

Civic Center, San Francisco, CA

Leadership

David studied Philosophy and Computer Science at the University of Oxford, before founding Retool in 2017. He has served as CEO ever since.

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