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Compensation Management Jobs in Minnesota (NOW HIRING)

Consultants manage the relationship with their assigned HR Business Partner (HRBP) groups and Line ... Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations ...

Director, Global Compensation

Golden Valley, MN · Hybrid

$130K - $178K/yr

Own employee and manager education related to compensation programs, including compensation planning, to build awareness, understanding, and effective use of company programs. * Modernize the company ...

Director, Global Compensation

Golden Valley, MN · On-site

$130K - $178K/yr

Own employee and manager education related to compensation programs, including compensation planning, to build awareness, understanding, and effective use of company programs. * Modernize the company ...

Director of Compensation

Warroad, MN · On-site

$161K - $215K/yr

Experience managing compensation cycles and working with senior leadership. * Experience supporting multi-location/manufacturing organizations preferred. Also want to make sure you have * Certified ...

Showing results 41-60

Compensation Management information

See Minnesota salary details

$34.8K

$112.4K

$166K

How much do compensation management jobs pay per year?

As of Sep 15, 2026, the average yearly pay for compensation management in Minnesota is $112,368.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,000.00 and $129,800.00 per year, depending on experience, location, and employer.

What is the difference between Compensation Management vs Payroll Specialist?

AspectCompensation ManagementPayroll Specialist
Primary FocusDesigning and managing employee compensation strategies, including salary structures, bonuses, and benefitsProcessing employee wages, ensuring accurate payroll calculations, and compliance with tax laws
Required SkillsCompensation analysis, benefits administration, HR policiesPayroll processing, tax regulations, data entry
Work EnvironmentHR departments, compensation teams, strategic planningPayroll departments, accounting, HR support
CertificationsSPHR, CCP, PHRNone specific, often familiarity with payroll software and tax laws

While Compensation Management focuses on developing and overseeing employee pay structures and benefits, Payroll Specialists handle the day-to-day processing of employee wages and compliance. Both roles are essential in HR and finance departments but serve different functions within employee compensation and payroll operations.

What does a compensation management do?

A compensation management professional develops and administers employee pay structures, including salaries, bonuses, and benefits, to ensure competitive and equitable compensation. They analyze market data, ensure compliance with regulations, and use tools like compensation management software to align pay strategies with organizational goals.

What is the role of compensation management?

Compensation management involves designing and administering employee pay structures, including salaries, bonuses, and benefits, to attract, motivate, and retain talent. It requires understanding market trends, legal compliance, and organizational goals, often utilizing tools like compensation software and data analysis. Effective management ensures fair pay practices and supports overall business strategy.

What are popular job titles related to Compensation Management jobs in Minnesota?

For Compensation Management jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Compensation Management jobs in Minnesota look for?

The top searched job categories for Compensation Management jobs in Minnesota are:

Infographic showing various Compensation Management job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 14% Part Time, 3% Contract, and 1% Nights. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $112,368 per year, or $54 per hour.

Compensation Consultant

Minneapolis, MN

US Bank
Banking and Credit Intermediation • 10K+ employees

$98K - $115K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 23 days ago


Key responsibilities

  • Manage the relationship with assigned HR Business Partner groups and Line of Business managers.

  • Design and redesign incentive plans, job evaluations, and create compensation guidance tools.

  • Advise HRBPs and LOB managers on compensation policies, employment issues, and related topics.


U.S. Bank rating

8.1

Company rating: 8.1 out of 10

Based on 364 frontline employees who took The Breakroom Quiz


Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

Consultants manage the relationship with their assigned HR Business Partner (HRBP) groups and Line of Business (LOB) managers. These jobs are responsible for: designing/redesigning incentive plans, job evaluations including salary grade guideline models, creating compensation guidance tools, advising HRBPs and LOB managers on Company compensation policies and practices, and providing guidance on employment issues (e.g., FLSA and other wage and hour issues).

Consultants may design/deliver compensation training, work with the LOBs & HRBPs on reorganizations, job design/redesign, job evaluation/market pricing, exemption status determination, etc.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Seven or more years of related compensation program or relevant experience
Preferred Skills/Experience
- Advanced knowledge of Human Resources policies for the assigned area
- Advanced knowledge of government regulations which apply to the compensation area (e.g., FLSA)
- Strong knowledge of Human Resources competencies
- Ability to develop business literacy and credibility to help business line(s) proactively identify and address changing workforce needs
- Well-developed process facilitation, analytical and problem-solving skills
- Proficient computer skills, especially word processing, spreadsheets, databases, and presentations
- Excellent interpersonal, written and verbal communication skills

Location Expectations:

This role requires working from a U.S. Bank location (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • 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 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,175.00 - $115,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.


What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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