Compensation Consultant

U.S. Bank•Minneapolis, MN

3d•$119,765 - $140,900•Hybrid

About The Position

Compensation Consultants manage relationships with assigned HR Business Partner (HRBP) groups and Line of Business (LOB) managers. They design and redesign incentive plans, conduct job evaluations including salary-grade guideline modeling, create compensation guidance tools, advise HRBPs and LOB managers on company compensation policies and practices, and provide guidance on employment issues such as FLSA and other wage-and-hour matters. They may also design and deliver compensation training and work with LOBs and HRBPs on reorganizations, job design and redesign, job evaluation and market pricing, and exemption-status determinations. The role requires three or more days per week onsite at one of the listed U.S. Bank hub locations. The posted pay range is $119,765 to $140,900; actual pay may vary based on the role's location. U.S. Bank offers benefits and total rewards intended to support team members and their families, subject to eligibility requirements.

Requirements

Bachelor's degree or equivalent work experience.
10 or more years of related compensation program or relevant experience.

Nice To Haves

Considerable knowledge of Human Resources policies for the assigned area.
Advanced knowledge of government regulations applicable to compensation, such as FLSA.
Advanced knowledge of Human Resources competencies.
Ability to develop business literacy and credibility to help business lines proactively identify and address changing workforce needs.
Strong process facilitation, analytical, and problem-solving skills.
Proficient computer skills, especially word processing, spreadsheets, databases, and presentations.
Excellent interpersonal, written, and verbal communication skills.

Responsibilities

Manage relationships with assigned HR Business Partner groups and Line of Business managers.
Design and redesign incentive plans.
Conduct job evaluations, including salary-grade guideline modeling.
Create compensation guidance tools.
Advise HRBPs and LOB managers on company compensation policies and practices.
Provide guidance on employment issues, including FLSA and other wage-and-hour issues.
May design and deliver compensation training.
Work with LOBs and HRBPs on reorganizations, job design and redesign, job evaluation and market pricing, and exemption-status determinations.

Benefits

Medical, dental, and vision healthcare coverage.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of two to five weeks depending on salary grade and tenure.
Up to 11 paid holiday opportunities.
Adoption assistance.
Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase.
Pension.