Compensation Consultant

U.S. Bank•Minneapolis, MN

3d•$98,175 - $115,500•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. Consultants 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. This role requires working from a U.S. Bank location three or more days per week.

Requirements

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

Nice To Haves

Advanced knowledge of Human Resources policies for the assigned area.
Advanced knowledge of government regulations applicable to compensation, such as FLSA.
Strong knowledge of Human Resources competencies.
Ability to develop business literacy and credibility to help business lines proactively identify and address changing workforce needs.
Well-developed process facilitation, analytical, and problem-solving skills.
Proficient computer skills, especially in 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.
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

Healthcare coverage, including medical, dental, and vision.
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, from 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.
401(k) contribution and pension, subject to eligibility requirements.