Expect internal and external job offers to be lower effective immediately.
11 replies (most recent on top)
@fn you missed yesterday’s compensation call with recruiting. USB is going to make it extremely difficult to hired talent by paying a competitive salary. Instead, candidates will be expected that USB is a “pay for performance” company. I.E. “Take this low pay, and if you do well, you’re just going have to trust that we will increase your pay.”
I know from a reliable source is not to hire, period, if CoPilot can assist the existing team, or if the role can be outsourced. They have to evaluate this first before even considering a FTE. This is not limited to this bank but the the whole landscape.
It’s all part of the plan from the new CEO. Has nothing to do with growth. Offer lower comp, have struggles hiring good talent, ah we can fill that role with our new offshore FTE team from India. Freeze promotions the whole year, try and run people off! it’s ok, we will replace you with our new FTE team from India. Demand RTO but have 9,000 offshore contractors working from home. All this to try and get 20%-30% common sense humans to leave. Make it so miserable you do!!
@OP was there a call I missed?
@ay great observation...
Anyone who thinks the pay and benefits are fair, is DELUSIONAL. I left last year to another financial institution making 30% more than I was at the bank with benefits I can actually use.
USB Total Rewards... TRASH!
two dislikes on each reply. do the two dissenters care to share what statements they object to?
there really does seem to be a contingent of U.S. Bank workers who think the pay and benefits are good.
Until today, we were allowed to make job offers up to 115% of midpoint. Now we’re limited to 100% of midpoint unless you plan on going through a labyrinth of approvals to offer more $$$$.
Candidates- If you’re unemployed and need the money, take the job but have an exit plan. You’re worth more.
The bank’s compensation model has been extremely uncompetitive since 2021. Other institutions offer significantly better pay structures and far superior benefits.
USB has not been a destination employer for a good while now. Below market compensation will keep potential candidates far away from here. When the job market finally does improve, the bank will face tough challenges attracting top talent.
to the person who posted with thread title: "Recommend working at US Bank?"
you now have one additional reason not to apply or accept any offer here.
it is not as though pay was competitive to begin with.