Compensation Manager

At 2U, we are all in on purpose. We are motivated by our mission – to eliminate the back row in education – and connected by our shared passion to deliver world-class digital education at scale. As the parent company of edX, the world’s leading online learning platform, 2U powers more than 4,000 online higher education offerings – from free courses to full degrees. Together with more than 230 colleges, universities, and corporate partners, we are helping to unlock human potential.

What We’re Looking For:

The Compensation Manager is responsible for managing the compensation programs within 2U. This role will develop and implement compensation strategies, policies, and procedures to ensure fair and competitive compensation practices. The Compensation Manager conducts market research to determine salary ranges, administers employee benefits programs, and provides guidance to the People teams and managers on compensation-related matters. Additionally, this role analyzes and evaluates job positions, conducts salary surveys, and makes recommendations for salary adjustments and bonus structures.

Responsibilities Include, But Are Not Limited To:

• Audits jobs for content and prepares job descriptions reflecting job responsibilities, activities, duties and requirements.
• Develops and/or participates in compensation surveys to collect and analyze competitive salary information to determine the company's competitive position.
• Reviews proposed salary adjustments for conformance to established guidelines, policies and practices.
• Recommends corrective or alternative actions to resolve compensation-related problems.
• Reviews requests for new or revised classifications to determine appropriate salary grade assignment.
• Formulates recommendations regarding development of salary structures, FLSA exemptions, and job revisions.
• Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action.
• Prepares special studies and recommendations on sales and incentive compensation, bonus plans, and stock options including administration of domestic and/or international programs.
• Develops, implements, and administers compensation policies and programs.
• Partners with the Communication and Learning and Development team to create materials for compensation practices, processes and programs.
• Plans, administers, and drives the annual compensation cycle which includes, salary increases, merit increases, and promotions.
  
  • Develops compensation training for Managers and the HR team.
  • Consults with subject-matter expert to ensure compliance with SOX, internal policies, and local labor laws
  • Partners with the HRIS team to ensure data integrity and proper configuration of processes in Workday
  • Trains, coaches, mentors, and develops team members
  • Performs ad-hoc reporting and other compensation processes as needed.
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  Management Responsibilities:

  • Provides guidance and support to team members
  • Manages a variety of processes and projects

Things That Should Be In Your Background:

• Bachelor's degree required.
• 7+ years of relevant experience
• Handles the most complex issues.
• Possesses expert knowledge of compensation administration and practices.
• Able to build strong working relationships with teams and key stakeholders;
• Demonstrates ability to effectively engage with peers and teammates
• Able to function in an collaborative and supportive team environment
• Possess outstanding verbal and written communication skills
• Possesses exceptional project management skills and can effectively balance competing priorities
• Highly proficient in Microsoft Office with advanced Excel skills and demonstrate proficiency with PowerPoint
• Experienced with Workday preferred; comprehension of HR systems required
• Strong organizational and time management skills
• Capable of multi-tasking in a fast-paced environment

Other Attributes That Will Help You In This Role:

While this position is open to remote candidates across the U.S., we will prioritize those who live in the Washington-Baltimore metropolitan area and who are available to come into our Headquarters in Arlington, VA two days a week.

Benefits & Culture

Our global employee base is a diverse collection of innovators, dreamers, and doers working together to transform lives through higher education. We believe that every employee can advance our shared purpose, and that life at 2U should be fun and meaningful. If you’re excited by the opportunity to provide over 40 million learners and counting with access to world-class online higher education, then join us – and do work that makes a difference. #NoBackRow

We offer comprehensive benefits (unique per country) and excellent work/life balance.
Full-time, U.S. benefits include: 

• Medical, dental, and vision coverage
• Life insurance, disability, and 401(k) employer match
• Employee stock purchase plan
• Free snacks and drinks in-office
• Generous paid holidays and leave policies, including unlimited PTO
• Additional time off benefits include: volunteer days, parental leave, and a company-wide winter break

The anticipated base salary range for this role is ($130,000 -$140,000, with potential bonus eligibility.  Salary offers are made based on the candidate’s qualifications, experience, skills, and education as they directly relate to the requirements of the position, budget for the position and cost of labor in the market in which the candidate will be hired.

2U Diversity and Inclusion Statement

At 2U, we are committed to building and sustaining a culture of belonging, respect, and inclusion. We are proud of the steps we’ve taken to bring together an employee base that embodies diverse walks of life, ideas, genders, ages, races, cultures, sexual orientations, abilities and other unique qualities. We strive to offer a workplace where every employee feels empowered by what makes us different, as well as by how we are alike. 

2U is committed to providing reasonable accommodations during our recruitment process. If you need assistance or accommodations, please reach out to us at: recruitingaccommodations@2u.com. 

About 2U Inc. (NASDAQ: TWOU)

For more than a decade, 2U, Inc. has been the digital transformation partner of choice to great non-profit colleges and universities delivering high-quality online education at scale. As the parent company of edX, a leading global online learning platform, 2U provides over 45 million learners with access to world-class education in partnership with more than 230 colleges, universities, and corporations. Our people and technology are powering more than 4,000 digital education offerings — from free courses to full degrees — and helping unlock human potential. To learn more: visit 2U.com.

About edX

edX is the education movement for restless learners and a leading global online learning platform from 2U, Inc. (Nasdaq: TWOU). Together with the majority of the world’s top-ranked universities and industry-leading companies, we bring our community of over 45 million learners world-class education to support them at every stage of their lives and careers, from free courses to full degrees. And we're not stopping there — we're relentlessly pursuing our vision of a world where every learner can access education to unlock their potential, without the barriers of cost or location. Learn more at edX.org.

Learn more at https://2u.com/careers/
#NoBackRow

The above statements are intended to describe the general nature and level of work performed by individuals assigned to this position, and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required. All employees may be required to perform duties outside of their normal responsibilities from time to time, as needed.

2U is an equal opportunity employer that does not discriminate against applicants or employees and ensures equal employment opportunity for all persons regardless of their race, creed, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, age, marital status, disability, citizenship, military or veterans’ status, or any other classifications protected by applicable federal, state or local laws. 2U’s equal opportunity policy applies to all terms and conditions of employment, including but not limited to recruiting, hiring, training, promotion, job benefits and pay.