At Veracyte, we offer exciting career opportunities for those interested in joining a pioneering team that is committed to transforming cancer care for patients across the globe. Working at Veracyte enables our employees to not only make a meaningful impact on the lives of patients, but to also learn and grow within a purpose driven environment. This is what we call the Veracyte way – it’s about how we work together, guided by our values, to give clinicians the insights they need to help patients make life-changing decisions.
Our Values:
- We Seek A Better Way: We innovate boldly, learn from our setbacks, and are resilient in our pursuit to transform cancer care
- We Make It Happen: We act with urgency, commit to quality, and bring fun to our hard work
- We Are Stronger Together: We collaborate openly, seek to understand, and celebrate our wins
- We Care Deeply: We embrace our differences, do the right thing, and encourage each other
A Compensation Manager designs, implements, and maintains Veracyte’s global pay structure, salary grades, and incentive programs to ensure internal equity and external market competitiveness. Veracyte is a fast paced, dynamic organization, and this role works independently while exercising sound judgment and partnering directly with senior leadership and cross functional stakeholders. The Compensation Manager is an individual contributor position and will own compensation programs end-to-end, ensuring they are competitive, compliant, scalable, and clearly communicated to the organization.
Certain times of the year or key initiatives will require additional time and effort to support critical business needs. This role will also serve as backup support for the Benefits Manager, providing exposure across Total Rewards and an opportunity to further develop and round out Total Rewards expertise.
This position is based requires a candidate on the West Coast in the Pacific Time Zone (PST).
Key responsibilities include:
- Conducting market analysis independently, including salary surveys and benchmarking, to ensure competitive and equitable pay rates
- Designing, implementing, and maintaining Veracyte’s pay structure, salary grades, job evaluations, and compensation policies
- Ensuring all pay and benefit plans comply with federal, state, and local regulations, including Fair Labor Standards Act and applicable pay transparency requirements
- Designing, administering, and overseeing incentive programs, including bonus, commission, and stock option plans
- Design and build compensation metrics, reports, and tools to inform compensation program decisions and forecast/analyze compensation outcomes
- Participate in various complex compensation projects to ensure the company's ability to effectively attract, retain and reward employees
- Prepares survey submissions and gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends
- Support annual compensation review cycles, including planning, system configuration, testing, and execution
- Support and drive annual employee compensation planning activities that are integrated with performance management processes, including the salary increase review cycle, promotions, and equity/market adjustments
- Manage and produce comprehensive year-end compensation reports, including annual spend analysis, equity utilization reports, and compensation program effectiveness metrics
- Support annual compliance reviews and reporting, including OFCCP and EEO-1 reporting.
- Leading annual and off-cycle compensation processes such as merit increases, promotions, market adjustments, and new hire offers
- Serving as a strategic advisor to senior management on compensation strategy, budgets, workforce planning, and pay equity
- Conducting pay equity analyses and supporting remediation efforts as needed
- Partnering directly with People & Culture, Finance, Legal, and business leaders to translate business needs into effective compensation solutions
- Overseeing the distribution and communication of compensation and benefits information to employees and leaders in a clear, transparent, and thoughtful manner
- Providing backup support for the Benefits Manager, including coverage during peak periods or absences, and assisting with benefits related initiatives as needed
- Collaborating across Total Rewards to ensure alignment between compensation and benefits programs and a consistent employee experience
- Maintaining governance, documentation, and controls to ensure consistency, fairness, and scalability of compensation programs
- Continuously evaluating and improving compensation practices to support company growth, evolving regulations, and employee needs
Required Qualifications
- Bachelor’s degree in human resources, finance, business administration, or a related field, or equivalent practical experience
- 7+ years of progressive experience in compensation, with at least 2 years at Manager level
- Strong analytical skills with the ability to interpret data, trends, and financial reports
- Deep understanding of compensation methodologies, job evaluation frameworks, and employment regulations
- Experience conducting market pricing and benchmarking independently
- Technical proficiency with HRIS systems, including Workday Advanced Compensation Module, ADP payroll software, and advanced Excel and PowerPoint
- Ability to work independently, exercise sound judgment, and manage multiple priorities
- Strong communication skills with the ability to explain complex pay structures to employees and leadership
- Ability to flex work hours as needed, with certain times of the year or project cycles requiring extended hours to support critical compensation activities
Preferred Qualifications
- Experience supporting compensation programs in a biotech, life sciences, or regulated environment
- Experience in Benefits / Total Rewards
- Experience with global or multi region compensation programs
- Familiarity with incentive compensation and equity-based plans
- Experience providing backup or shared support for benefits programs, with interest in continuing to expand skills across Total Rewards
- Certified Compensation Professional (CCP) or similar certification
- Experience scaling compensation programs in a growing organization
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The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to years of experience, skillset, geographic location, industry, education, etc. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
What We Can Offer You
Veracyte is a growing company that offers significant career opportunities if you are curious, driven, patient-oriented and aspire to help us build a great company. We offer competitive compensation and benefits, and are committed to fostering an inclusive workforce, where diverse backgrounds are represented, engaged, and empowered to drive innovative ideas and decisions. We are thrilled to be recognized as a 2024 Certified™ Great Place to Work® in both the US and Israel - a testament to our dynamic, inclusive, and inspiring workplace where passion meets purpose.
About Veracyte
Veracyte (Nasdaq: VCYT) is a global diagnostics company whose vision is to transform cancer care for patients all over the world. We empower clinicians with the high-value insights they need to guide and assure patients at pivotal moments in the race to diagnose and treat cancer. Our Veracyte Diagnostics Platform delivers high-performing cancer tests that are fueled by broad genomic and clinical data, deep bioinformatic and AI capabilities, and a powerful evidence-generation engine, which ultimately drives durable reimbursement and guideline inclusion for our tests, along with new insights to support continued innovation and pipeline development. For more information, please visit www.veracyte.com or follow us on LinkedIn or X (Twitter).
Veracyte, Inc. is an Equal Opportunity Employer and will consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disability status. Veracyte participates in E-Verify in the United States. View our CCPA Disclosure Notice.
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What We Do
Veracyte is a global diagnostics company that empowers clinicians with the high-value insights they need to guide and assure patients at pivotal moments in the race to diagnose and treat cancer. Our growing menu of diagnostic tests answers important clinical questions to help patients avoid risky, costly procedures and interventions, and accelerate time to appropriate treatment
