Senior Director, Total Rewards

Company Overview

Sleep Number team members are part of a passionate, purpose-driven culture that supports improving the health and wellbeing of society through higher quality sleep. We are not just focused on our customers, however; being employed by Sleep Number means your personal wellbeing is important, too. As we continue to grow, we are looking for team members who will bring their unique personalities, backgrounds, and skills to work. Whether you are entering, returning, or experienced in the workforce, we have a place for you.

In our 35+ years in the industry we have improved over 14 million lives, and we are just getting started. With 5,000+ team members nationwide supporting work disciplines from technology to manufacturing, retail stores to field services technicians, corporate teams to customer service, we are a sleep innovation leader because of our team members. Now is a great time to join us as we invest further in our people and sleep innovation. #TeamSleepNumber

Sleep Number is seeking a head of Total Rewards to lead the strategy, design and administration of the Company’s compensation, benefit and wellbeing programs. This leadership position reports to the EVP, Chief Human Resources Officer and is a key member of the Human Resources leadership team. This leader will manage and develop a team of talented compensation and benefits professionals while fostering a culture of accountability, trust, inclusion, learning, and collaboration.

Primary Responsibilities:

• Develop the Company’s overall Total Rewards strategy to attract, retain and motivate talent.
• Lead all aspects of the executive compensation process including preparing and presenting meeting materials for the Compensation & Management Development Committee of the Board of Directors. Work closely with CHRO, CFO, legal, and outside consultant on executive compensation design. Monitor trends and regulatory environment.
• Maintain competitive base salary structures through regular benchmarking and monitoring.
• Oversee the design and administration of all variable pay programs, including the company’s annual incentive plan, sales compensation programs and all specialized incentive plans.
• Lead design and granting process for all long-term incentives.
• Partner with the Communications team to effectively communicate the Total Rewards value story and programs to increase team member understanding.
• Lead annual compensation strategy and planning including but not limited to execution of base salary, short- and long-term incentives, benefits and all related communications and administration.
• Provide thought leadership to the business on compensation issues including but not limited to new hire packages, performance recognition, incentive plans, retention arrangements and overall compensation structure.
• In partnership with Finance, establish budgets for compensation and benefit programs, and monitor actual spending.
• Establish and maintain alignment between performance management and talent assessment processes and pay programs.
• Ensure that all compensation and benefit programs are in full compliance with applicable laws and regulations.

Qualifications:

• 10+ years progressive experience in compensation and benefits, to include executive compensation design and administration.
• Bachelor’s Degree in Finance, Accounting, HR, or related field.

Knowledge, Skills & Abilities:

• Senior-level experience developing compensation philosophies, strategies and programs for publicly traded companies.
• A proven history of influencing executive leadership with a combination of deep subject matter expertise, relationship-building abilities, and a passion to create competitive, equitable and inclusive programs that contribute to a great company culture.
• Experience with compensation benchmarking data (for example, Radford).
• Strong understanding of interdependencies in program and systems design, legal and tax and financial implications of all compensation elements (base, bonus and equity).
• Experience in leading large-scale projects with heavy change management requirements.
• Demonstrated experience building and coaching a high performing and engaged team, as well as working cross-functionally with key dependencies in other departments.
• Ability to work with confidential information with high levels of discretion.

Wellbeing

Our company's purpose is to improve the health and wellbeing of society.

Wellbeing is more than a catchphrase - it's a movement that permeates our company and through our team members. We are dedicated to enhancing and supporting the wellbeing of our team members and their families through benefits, programs, and resources across our five wellbeing pillars of emotional, financial, career, community, and physical health, with sleep at the center.

By joining our team, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive benefits package including, but not limited to medical and pharmacy benefits, dental, life and disability insurance, a matched 401(k) Plan, paid time off, and much more.

Examples of how we invest in your wellbeing:

• Sleep - Our 360® smart bed for team members, and discounts on our innovations and sleep solutions for yourself and friends and family throughout the year.

• Physical - Wide range of wellbeing resources and services through our medical plans to improve your physical health.

• Emotional - Access to mental health resources, caregiving support, paid time off and parental leave to support your emotional wellbeing. Work for your day flexibility, available for select corporate roles.

• Financial - Competitive base and variable pay programs, ability to save for the future through a matched 401(k) plan and financial support to recover from an illness or injury.

• Community - Paid time off for volunteering and connections to our communities through our Diversity, Equity & Inclusion initiatives, and support for charitable causes.

• Career - Opportunities for career development and continuous learning, including a tuition reimbursement program.

Safety

Safety is a top priority for Sleep Number supporting customers and team members wellbeing. COVID-19 Precaution(s) are in place consistent with CDC guidelines, U.S. Department of Labor’s Occupational Health & Safety Administration (OSHA), and state/local laws.

EEO Statement

Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.

Americans with Disabilities Act (ADA)

It is Sleep Number’s policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.