Compensation Analyst at Luma AI

Palo Alto, California, United States

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$90,000 – $145,000Compensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Technology, AIIndustries

Requirements

3-5 years in compensation, finance, or analytical roles, ideally in fast-paced tech or startup environments
Expert-level spreadsheet skills, including creating pivot tables, complex models, and scenario analyses
Hands-on experience with salary benchmarking surveys like Mercer, Radford, and Pave
Strong grasp of equity compensation, private company valuation, and option pricing (e.g., 409A)

Responsibilities

Crunch numbers and turn compensation data into actionable insights influencing hiring and retention decisions
Collaborate with HR and recruiting teams, guiding them through salary offers and job leveling conversations
Conduct detailed market analysis using tools like Mercer and Radford to ensure competitive and equitable compensation
Develop models and scenarios to help leadership visualize compensation strategies aligned with growth plans
Update job architectures and compensation structures as the company scales, ensuring fairness and transparency
Monitor market trends and proactively recommend adjustments to stay ahead in the AI landscape
Own the compensation strategy, bringing clarity, fairness, and innovation while working with leadership, HR, and finance teams

Skills

Key technologies and capabilities for this role

ExcelPivot TablesCompensation ModelingMercerRadfordPaveSalary BenchmarkingEquity Compensation409AMarket Analysis

Questions & Answers

Common questions about this position

What is the salary range for the Compensation Analyst position?

The salary range is $90K - $145K.

Is this a remote, hybrid, or in-office role?

This is a hybrid position.

What skills and experience are required for this role?

Candidates need 3-5 years in compensation, finance, or analytical roles, expert-level spreadsheet skills for pivot tables and models, hands-on experience with salary benchmarking surveys like Mercer, Radford, and Pave, and a strong grasp of equity compensation, private company valuation, and option pricing.

What is the company culture like at Luma AI?

Luma AI emphasizes fairness, transparency, and inclusivity in compensation, supports a fast-paced startup environment with adaptability to shifting priorities, and focuses on building systems that enhance company culture and motivate diverse teams.

What makes a candidate stand out for this Compensation Analyst role?

Exceptional candidates have experience using AI tools for compensation analytics, skill in translating data into compelling narratives for leadership, and proven comfort with ambiguity and shifting priorities in startups; they thrive on solving complex data puzzles, value fairness, and enjoy the fast-paced startup environment.

Luma AI

Develops multimodal AI technologies for creativity

About Luma AI

Luma AI develops multimodal artificial intelligence technologies that enhance human creativity and capabilities. Their main product, the Dream Machine, allows users to interact with various types of data, enabling creative professionals, businesses, and developers to explore innovative applications of AI. Unlike many competitors, Luma AI focuses on integrating multiple modes of interaction, which broadens the possibilities for users. The company operates on a subscription model, providing access to its AI tools and services, and aims to lead the way in AI-driven creativity and productivity.

San Francisco, CaliforniaHeadquarters

2021Year Founded

$84.9MTotal Funding

LATE_VCCompany Stage

Consumer Software, AI & Machine LearningIndustries

51-200Employees

Benefits

Company Equity

Stock Options

Risks

Competition from Google's Veo 2 and OpenAI's Sora Turbo challenges Luma AI's market position.

AWS's cost-reducing features may make Luma AI's services less competitive.

AI-generated content controversies could harm Luma AI's reputation if outputs are misleading.

Differentiation

Luma AI transforms text into 3D models, enhancing user interaction with digital content.

The Dream Machine integrates multimodal AI, offering a unique creative platform for users.

Luma AI's Photon models provide high-quality, personalized image generation capabilities.

Upsides

Luma AI's $90 million funding boosts its capacity for innovation and market expansion.

Dream Machine 1.5's advanced text-to-video features attract creative professionals and businesses.

Expanding Dream Machine into a mobile app increases accessibility and user engagement.

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