Compensation Manager Salary

Salaries for Compensation Managers in the United States are generous, with average pay above six figures ($96K) per year. With some bonuses approaching $22K and certain profit sharing proceeds approaching $9K, overall incomes of Compensation Managers spread between $64K and $140K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by years of experience. Nearly all claim medical and dental insurance and a strong majority get vision coverage. The majority of Compensation Managers claim high levels of job satisfaction. Female Compensation Managers are more common than men among those who completed the survey; more than half (65 percent) are women. This report is based on answers to PayScale's salary questionnaire.

$62,021 - $128,112
$62K
$96K
$130K
MEDIAN: $96,005
10%
50%
90%

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$0$140K
Salary $62,021 - $128,112
Bonus $2,868 - $21,846
Profit Sharing $0.00 - $8,726
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).
)
$64,401 - $140,486
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 279

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United States (change)

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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 selection, training and development of staff.
  • 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.

Common Career Paths for Compensation Manager


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Compensation Managers who go on to become Compensation Managers may see somewhat stagnant compensation. On average, a Compensation Manager, an upper-level role, pays $92K.

Compensation Manager Job Listings

Popular Skills for Compensation Manager


Just a handful of professional skills are reported by Compensation Managers who took the survey. Most notably, skills in Human Resources Information System, Microsoft Excel, Data Analysis, and Benefits & Compensation are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include compensation. Most people familiar with Benefits & Compensation also know Human Resources Information System (HRIS).

Pay by Experience Level for Compensation Manager

Pay by Experience for a Compensation Manager has a positive trend. An entry-level Compensation Manager with less than 5 years of experience can expect to earn an average total compensation of $89,000 based on 71 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compensation Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $103,000 based on 119 salaries. An experienced Compensation Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $109,000 based on 120 salaries. A Compensation Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $105,000 based on 46 salaries.

Pay Difference by Location

National Average: $101,397

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 27 percent, Compensation Managers in San Francisco receive some of the highest pay in the country. Compensation Managers can also look forward to large paychecks in cities like Philadelphia (+19 percent), New York (+18 percent), Columbus (+14 percent), and Hartford (+13 percent). The lowest-paying market is Cleveland, which sits 27 percent below the national average, proving that location is a significant contributor to overall pay. Workers in Jacksonville and Houston earn salaries that trail the national average for those in this profession (6 percent less and 2 percent less, respectively).

Related Job Salaries

Key Stats for Compensation Manager

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
34%
10-19 years
37%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Compensation Manager Salaries

▲8%

▲4%

▲2%

National Average
$101,000

▼12%

Skills That Affect Compensation Manager Salaries



National Average
$101,000



compensation
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
34%
10-19 years
37%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 91%
vision benefits
Vision: 78%
no benefits
None: 3%
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