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Wells Fargo
Minneapolis, MN | Full Time
$74k-90k (estimate)
7 Months Ago
KP Recruiting Group
Minneapolis, MN | Full Time
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Minneapolis, MN | Full Time
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Compensation Consultant
Wells Fargo Minneapolis, MN
$74k-90k (estimate)
Full Time | Banking 7 Months Ago
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Wells Fargo is Hiring a Compensation Consultant Near Minneapolis, MN

About this role:
Wells Fargo is seeking a Compensation Consultant within the Global Corporate and Investment Banking Reward Team of our Total Rewards function within Human Resources. This position will play a critical role supporting compensation programs that align with business objectives, enterprise behavioral expectations and key performance indicators. This is an exciting opportunity to join the compensation function where you will provide solutions and recommendations in alignment with enterprise Human Resources goals.
In this role, you will:
  • Participate on cross-functional teams to plan and execute compensation initiatives to propel business results and performance
  • Receive direction from leaders and exercise independent judgement while developing an understanding of compensation policies and procedures, best practices, and initiatives.
  • Utilize independent judgment to guide moderate risk deliverables around compensation processes and practices.
  • Collaborate and consult with partners in Total Rewards, Human Resources, or cross-functional business partners to resolve issues and achieve goals.
  • Identify opportunities for process improvement by conducting root cause testing of all compliance and business metrics.
  • Build sustainable processes, controls, and metrics to effectively support compensation organization.
  • Review and research moderately complex business, operational, and technical challenges that require an in-depth evaluation of variable factors.
  • Perform compensation analysis including, but not limited to modeling pay strategies and forecasting outcomes.
  • Develop presentations and business communications for all levels of professionals and managers companywide.
Required Qualifications:
  • 2 years of Compensation or Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
  • Compensation experience or other Finance/Accounting function
  • Advanced proficiency in Microsoft Office Suite applications; specifically Excel and PowerPoint
  • Experience navigating large, sensitive data sets.
  • Strong analytical skills with high attention to detail and accuracy
  • Experience with Workday
  • Ability to navigate organizational change in a dynamic environment.
  • Ability to collaborate with internal partners
  • Excellent verbal, written, and interpersonal communication skills.
  • Familiarity with financial services industry
Job Expectations:
  • This position must work in-office three days a week and sit in one of the following locations: Charlotte, NC; Minneapolis, MN; Des Moines, IA; San Antonio, TX; Dallas, TX; and Phoenix, AZ.
#HRJobs
Pay Range
$73,100.00 - $129,900.00
Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
  • 401(k) Plan
  • Paid Time Off
  • Parental Leave
  • Critical Caregiving Leave
  • Discounts and Savings
  • Health Benefits
  • Commuter Benefits
  • Tuition Reimbursement
  • Scholarships for dependent children
  • Adoption Reimbursement
Posting End Date:
19 Jan 2024
  • Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$74k-90k (estimate)

POST DATE

10/15/2023

EXPIRATION DATE

05/02/2024

WEBSITE

wellsfargo.com

HEADQUARTERS

LITCHFIELD, MN

SIZE

>50,000

FOUNDED

1852

TYPE

Public

CEO

SUSAN LEISHER

REVENUE

>$50B

INDUSTRY

Banking

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Wells Fargo is a provider of personal and commercial financial services including banking, mortgage, investment, credit card and insurance.

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The job skills required for Compensation Consultant include Initiative, Microsoft Office, Attention to Detail, Compensation Analysis, Analytical Skills, Process Improvement, etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Consultant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Consultant. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Compensation Consultant positions, which can be used as a reference in future career path planning. As a Compensation Consultant, it can be promoted into senior positions as a Stock Plan Administrator II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Consultant. You can explore the career advancement for a Compensation Consultant below and select your interested title to get hiring information.

If you are interested in becoming a Compensation Consultant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Compensation Consultant for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Compensation Consultant job description and responsibilities

Ensure compensation practices are in line with labor legislation.

03/08/2022: Longview, TX

Work closely with HR to plan and implement compensation packages.

04/06/2022: Brockton, MA

Their duties include creating salary structures and incentive plans, implementing performance management programs, and consulting with HR managers on compensation-related issues.

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Compensation consultants implement and design compensation plans for companies with the goal of creating proper incentives for employees.

04/25/2022: Rochester, NY

Ultimately, a top-notch compensation consultant should have excellent knowledge of payroll procedures, labor legislation, and pay rate research.

03/30/2022: Nashua, NH

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Compensation Consultant jobs

Good communication skills.

03/27/2022: Atlanta, GA

Familiarity with payroll software.

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Review and assess pay scales, base pay and incentives.

03/01/2022: Lexington, KY

knowledge of payroll procedures.

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recommending bonus programs based on job analyses.

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Step 3: View the best colleges and universities for Compensation Consultant.

Butler University
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