Compensation Manager Salary

Compensation Managers who are practiced in their profession and carry more than 10 years of experience make up around three in five of Compensation Managers. Pay fluctuates from $61K to $136K per year, but expected earnings average $94K per year. In the world of Compensation Managers, overall cash allowance can occasionally include more than $21K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $61K and $136K. Career length and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical and dental coverage in this occupation, and a fair number get vision benefits. The majority of Compensation Managers (63 percent) who took the survey are female. Most Compensation Managers like their work and job satisfaction is high.

$60,810 - $123,793
(Median)
$61K
$94K
$120K
MEDIAN: $94,455
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$60,810 - $123,793  
   
Bonus
$2,250 - $20,632  
Profit Sharing
$0.00 - $8,140  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$61,123 - $135,519  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 322
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Job Description for Compensation Manager

Compensation managers are responsible for ensuring the efficiency and quality of a company's payroll and employee-compensation programs. They work with all types of organizations, from corporations to small businesses, by developing and managing compensation and benefit programs for employees.

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Compensation Manager Tasks

  • Manage the day to day operations of the compensation department’s programs; job evaluation, performance appraisal, salary administration and incentive programs.
  • Plan all compensation programs, procedures and practices to ensure consistency with organization's overall objectives and are in compliance with professional standards, state and federal regulatory requirements and laws.
  • Manage the selection, training and development of staff.

Common Career Paths for Compensation Manager


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Compensation Managers' salary tends to stay somewhat level for those who assume higher-end positions like Compensation Manager. Median pay for Compensation Managers is $92K.

Compensation Manager Job Listings

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Popular Skills for Compensation Manager


Survey results suggest that Compensation Managers put a wide range of professional skills to use. Most notably, skills in Microsoft Excel, Benefits & Compensation, Human Resources Information System, and compensation are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Data Analysis. Those educated in Benefits & Compensation tend to be well versed in Human Resources Information System (HRIS).

Pay by Experience Level for Compensation Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The average beginner in this position makes around $74K, but folks who have been around for five to 10 years see a markedly higher median salary of $99K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $108K. Compensation Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $102K.

Related Job Salaries

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Experience Affects Compensation Manager Salaries


Late-Career
up arrow 3%


National Average
$100,000

Entry-Level
up arrow 26%

Skills That Affect Compensation Manager Salaries

Microsoft Excel
up arrow 3%

Benefits & Compensation
up arrow 3%

Human Resources Information System (HRIS)
0%

National Average
$100,000

compensation
up arrow 1%

Data Analysis
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
30%
10-19 years
40%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 89%
medical benefits
Vision: 77%
dental benefits
None: 5%
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