Scholastic
Senior Director Compensation
🇺🇸 New York, NY
🕑 Full-Time
💰 $230K - $245K
💻 Finance
🗓️ February 28th, 2025
Edtech.com's Summary
Scholastic is hiring a Senior Director of Compensation. This role involves leading the company's compensation strategy, ensuring it aligns with business goals, industry standards, and best practices. The position requires management of all corporate compensation functions, including executive compensation and compliance with labor laws, and oversight of a small team. The successful candidate will work closely with the Chief People Officer, HR, Finance, and Legal to develop and implement comprehensive pay structures and maintain equitable compensation practices.
Highlights
- Develop and implement comprehensive compensation strategies.
- Oversee executive compensation, salary benchmarking, and compliance with labor laws.
- Lead job evaluation and market research to maintain competitive compensation.
- Provide strategic guidance to HR on compensation structures and adjustments.
- Experience in FLSA compliance and executive compensation oversight required.
- Proficiency in compensation management tools and advanced Excel functions needed.
- Minimum 10-12 years of progressive compensation management experience required.
- Bachelor’s degree required, advanced degree and CCP certification preferred.
- Annual salary range: $230,000 to $245,000.
- Benefits include health plans, 401(k), tuition-free programs, and parental leave.
Senior Director Compensation Full Description
Senior Director Compensation
New York, New York
Full time
Job Description:
THE OPPORTUNITY
The Senior Director of Compensation will lead Scholastic’s compensation strategy, ensuring alignment with business objectives, industry standards, and best practices. This role encompasses oversight of all corporate compensation functions, including executive compensation, salary benchmarking, job evaluations, incentive structures, and compliance with applicable labor laws. The position requires proven expertise in designing and implementing comprehensive pay grade structures (at all levels) and driving equitable and competitive compensation practices across diverse employee groups, including exempt staff, hourly / non-exempt employees, and senior executives.
The successful candidate will also bring experience in FLSA compliance and executive compensation oversight. This role will report to the Chief People Officer, and works closely with key partners in HR, Finance, Legal and across the organization. It will also oversee a small team of compensation professionals.
The successful candidate will also bring experience in FLSA compliance and executive compensation oversight. This role will report to the Chief People Officer, and works closely with key partners in HR, Finance, Legal and across the organization. It will also oversee a small team of compensation professionals.
RESPONSIBILITIES
- Develop and implement a comprehensive compensation strategy that supports Scholastic’s mission and goals.
- Oversee the design, development, and implementation of a pay grade structure that integrates organizational objectives, industry standards, and equity principles. Experience with grading structures that support career pathing and development is a plus.
- Manage the organization’s executive compensation program, including benchmarking, equity awards, and annual incentives, ensuring market competitiveness, internal equity and alignment with governance standards, company performance and shareholder interests. Company financial and proxy reporting experience is a plus.
- Lead and guide the job evaluation process to ensure roles are classified appropriately and integrated into the compensation framework.
- Conduct market research and benchmarking analyses to maintain competitiveness across all employee groups, including exempt, hourly, and executive staff, including managing survey participation, budgeting and forecasting.
- Ensure compliance with all relevant regulations, including FLSA, pay equity laws, and other federal, state, and local labor requirements.
- Provide strategic guidance and training to HR teams and managers on compensation-related topics, such as pay structures, salary adjustments, variable compensation plans, and incentive program design.
- Oversee the annual salary review process, encompassing merit increases, promotions, equity adjustments, and incentive payouts.
- Monitor compensation trends, regulatory developments, and best practices to continually enhance programs and policies.
- Prepare and present analytics, insights, and recommendations to the executive leadership team to support strategic decision-making.
- Lead, manage and develop a team of high performing compensation professionals, including recommending development and organizational structure to support the success of the function.
- Manage and oversee the compensation budget for the HR function, working closely with the CPO and the Finance partners, to ensure the compensation strategies, vendors and programs are competitively priced and managed in the company’s best interest.
About Scholastic
For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been meeting children where they are – at school, at home and in their communities – by creating quality content and experiences, all beginning with literacy. Scholastic delivers stories, characters, and learning moments that empower all kids to become lifelong readers and learners through bestselling children’s books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning, entertaining children's media. As the world's largest publisher and distributor of children's books through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online, and with a global reach into more than 135 countries, Scholastic encourages the personal and intellectual growth of all children, while nurturing a lifelong relationship with reading, themselves, and the world around them. Learn more at www.scholastic.com.
Some benefits that we offer:
- Full suite of health and wellness benefits (including a $0 deductible Medical Plan)
- Retirement Savings Plan 401(k) with options for both Roth and Traditional Contributions
- Tuition-Free programs for undergraduate and graduate degrees
- Generous Parental Leave Program
- Employee Stock Purchase Plan (ESPP) with opportunity for discounted stock at a 15% discount
Thank you for your consideration in choosing Scholastic.
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Qualifications
HOW YOU CAN FIT (Qualifications)
Knowledge, Skills and Abilities:
- Expertise in compensation strategy, executive compensation oversight, pay grade structures, job evaluation methodologies, and market benchmarking.
- Strong understanding of FLSA requirements and other regulatory frameworks impacting compensation practices.
- Analytical and data interpretation skills, with the ability to generate actionable insights from complex datasets.
- Exceptional project management capabilities, demonstrated by leading large-scale, cross-functional compensation initiatives.
- Superior communication and interpersonal skills, with the ability to influence and advise senior executives and other stakeholders, including stakeholder mapping, influencing without direct management, cross company coordination and collaboration. Experience in developing clear communication approaches to explain compensation philosophy, approaches and specific practices to managers and executives is essential.
- Proficiency in compensation management tools, HRIS systems, and advanced Excel functions.
- Knowledge of labor laws, compliance requirements, and best practices related to exempt and non-exempt workforce management and differing state requirements.
- Experience with sales incentive compensation plans is a plus.
- Experience in preparing compensation materials for Board Human Resources and Compensation Committee review and approval is a plus.
- Experience with organizational redesign and restructuring that impact internal equity and how to address is a plus.
Experience and Education:
- Minimum of 10-12 years of progressive experience in compensation management, with at least 5 years in a leadership capacity.
- Bachelor’s degree in human resources, Business Administration, Finance, or a related field is required.
- Proven success in leading pay grade overhauls and developing compensation frameworks for organizations with 1,000-10,000 employees.
- Experience managing compensation programs for diverse employee groups, including exempt, hourly staff, and executives.
- Advanced degree (MBA, Master’s in HR, or related field) is preferred.
- Certified Compensation Professional (CCP) or similar certification is highly preferred.
Time Type:
Full time
Job Type:
Regular
Job Family Group:
Human Resources
Location Region/State:
New York
Compensation Range:
Annual Salary: 230,000.00 - 245,000.00
EEO Statement:
Scholastic is an Equal Opportunity Employer. Our policy is clear: there shall be no discrimination on the basis of race, religion, color, sex, pregnancy, national origin, marital status, sexual orientation, gender identity or expression, age, non-disqualifying physical or mental disability, or status as a disabled veteran or Vietnam veteran. Those factors shall not influence the determination of qualifications for a job or other opportunity within the company. Further, all personnel actions (such as compensation, tuition aid, benefits, transfers, promotions, and dismissals, company-sponsored training, social and recreational programs) shall be administered without discrimination.
