Hello,
I am looking at an internal positing. I see a pay range (say: 100K - 150K), how much base should I expect or target? Does this pay range include bonus amount?
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Lots of falseness in this thread
Total Rewards person seems incorrect. Yes, there are ranges based on area, like before, but posted range in job postings seems to be Base Salary exclusive of bonus. When you look at a posted range in a job posting, then look up the comp range for an employee in that job in Workday (if you are a manager), the same range is shown under “Total Base Pay Range” so that would lead me to think the posted job range is the same base pay.
Wells Fargo dangles “ranges” and “midpoints” that in practice are preposterously misleading and overstated. Midpoints are in most cases maximums that will take years to achieve. “Maximums” are fictional, with rare exceptions. Thankfully, Wells Fargo is working on cleaning up deceptive practices with regards to sales of products to consumers, but hyperbole and deception are still strongly ingrained in many of our internal practices.
ranges ARE different based on location
can @1aof+1fc54Ox5 post where to look for salary ranges for the new P and M levels. Is this range available in the Workday HR?
I’m the person another person mentioned from the prior post who works in Comp. within Total Rewards in HR. People really need to stop spreading misinformation that bonuses are not included in the comp range. They are. I don’t know where you’re getting your information from, but it’s incorrect and continuing to spread that misinformation is going to set up A LOT of people for disappointment when they get an offer for something they applied for. Ranges are intentionally huge/broad for 2 reasons. 1. To allow for maneuverability based on location (for example, those in NY will be on the higher end than let’s say, NC). 2. To allow for maneuverability in bonus amounts.
Here’s an example if it helps. Let’s say someone’s prior midpoint was $135 for area 2 with a 25% bonus target (so total of $168,750 total comp if you assume the person was paid midpoint and got full bonus potential). Now, under job architecture the range for that person’s role may be $100-$230. This range is broad because it encompasses not only job areas (our old area 0-4), but also any bonus potential. So while this person may fit well in the current range and is well paid according to their prior midpoint, that person shouldn’t be mad because they now think they can get up to $230k. Because there’s another person in area 0 making $180 salary for this role so with their 25% bonus, it puts them at $225k, almost the top of the range. And now with TVC and Jon architecture ranges there are no stated target bonus percents but you can assume for at least the first few years things will stay around the old target % because TVC (formerly discretionary bonus) is based on several factors, including the prior year’s amount you were awarded, whether or not you’re in the same role as last year, and how you performed last year to this year.
220k
Midpoint is 0.75 * high end (same as 1.33 * low end)
Then take 80-90% of that unless you negotiate well
It's never been explained to me if it now includes the bonus component, but I doubt it.
Lots of false info in this thread
Someone in another thread (who claimed to work in HR/comp) said that the posted ranges DO include the potential bonus/TVC. That would be consistent with what I’ve seen posted for my role.
As a hiring manager you should know that within 90-100% of the mid-range is reasonable. The bonus is additional to the salary and not included in the number.
Shoot for 85-90% of the average ($106k - $113k), then add a bit more if you are providing lift based on experience, certifications, education, etc.
Internal from what I've heard Caan be a raise from 7%-20% depending on the role and other factors. Going off those numbers I would aim for 125k which is mid-point. Whether you get that or more is up to HR and the HM. Good luck!!
90% of midrange.
It does not include bonus. Depends on where you are and how senior. If it would be a step up, expect lower end of the range. If it's a lateral, close to what you have now or median.