Thread regarding U.S. Bank layoffs

Bank has new HR policies as of gk start. As others have said 90% of midpoint for your grade+location adjusted salary range is recruiting target, and anything above midpoint requires additional approvals.

If you're external you'll struggle to negotiate at all unless you are highly specialized or your manager knows you and will go to bat for you with their leadership (up to board member).

Sorry to say but likely your position isn't worth your leader sticking their neck out for so if you're not at or below midpoint with your ask you'll probably be SOL.

Directly from HR, salary negotiations are not happening for grades 16 and under. The guidance is 90% of midpoint. There may be exceptions but unlikely. Having said that, I still encourage you to fight for yourself. If 65K isn't in line with your skills, find a job that is.

It’s a $65k annual salary. at that salary, you aren’t important enough to negotiate.

i made that 6 years ago fresh out of college.

Vacation negotiations is a no cause it’s pretty much set via HR and you get what you get that’s it for the level you’re at. For pay it’s gonna be on the lower end of the pay scale and that’s how they always make offers unless you’re in a position where you’re working odd times and hours. Asking for a 20K increase is extreme if they are offering $65k.

Are you tone deaf? This is a layoff forum. Do not come on here waiving your promotion in everyone’s face in the midst of monthly layoffs and while many on here struggle to find jobs outside the organization.

D-mb a-s

People are going overboard with the negativity. If you have been offered the job just because you try to negotiate does not mean they will dump you and go with someone else. I would say they typically go by what you were making in your prior role rather than the market rate and would try to give you a 10%-15% raise or at least close to the median of your new paygrade. If for example you are a grade 13 and the new role is for a grade 15 they will likely try to hire you at grade 14 (make the excuse you have less experience). But it really doesn't help them much putting you at the low end of a grade 15. So talk to your hiring manager about what pay grade the job posting had and what they are planning on hiring you at and why.
BTW, I agree with negativity here but some responses are a little bit extreme.

Why do you want to continue working here? But if you do, know that negotiation is ALWAYS on the table. Do NOT listen to the other naysayers here. You negotiate for YOU and HR/HM negotiate for the bank. No one is going to move on just because of a simple negotiation. While there are HR policies nothing is written in stone but then again you'd have to be worth it for them to work through those policies. And if you are then why work for a sinking ship? Guess I'm going in circles now.

I hate to say it, but if you're going to try to "negotiate" they'll go with someone else. I've never once heard of an internal candidate negotiating salary. If you feel you're being under valued, you'll have to evaluate how badly you want a new role. Vacation is something set in benefits by years of service and/or grade level. Whichever comes first.

Sorry it doesn't work that way here.

Unless you are negotiating a job for a grade level in the teens (which you are not), your role is an expense, not revenue generating. You have no negotiating room.
It su-ks, but that’s the way it is.

You are at a disadvantage as an internal candidate. First, find the grade level and geo band for the new role. A manager will have access. Second, don’t let HR pull the “total comp” argument. Bonus isn’t guarantee but salary is. Third, be prepared to justify the jump. Right now external candidates are being offered no more than 90% of midpoint. Use that as the target.

@OP You need to find the comp range for the grade level and ask for something between the mid point and the max. You need to fight for as much comp now as you can because you will never receive anything more than cr-ppy merit increases going forward.

Been at us bank forever. Once I tried to negotiate a 25 cent raise from the job offer was declined. I asked for a 2 dollar raise once mid year bc I was out preforming my peers, declined. I then quit and got my 2 dollar raise the next day. Bank does things weird good luck.

US Bank pays lower than the industry. Don't expect much.

Feel bad for you because salary negotiations is not on your side during this economy. They know there will be tons of people lined up for your job so they won't budge.

Vacation is non-negotiable. It is tied to years of service and job grade level. Same goes for officer titles.