Average pay for Compensation Managers in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($96K). Including potential for bonuses and profit sharing — peaking near $21K and $7K, respectively — total cash payment to Compensation Managers can bottom out near $66K or peak near $137K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by career length. Job satisfaction is high and work is enjoyable for most Compensation Managers. Women make up the majority of Compensation Managers (64 percent) who completed the questionnaire. Nearly all have medical and dental plans, and a strong majority have vision insurance. This snapshot results from replies to PayScale's salary survey.

$63,369 - $125,386
$63K
$96K
$130K
MEDIAN: $96,031
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
$63,369 - $125,386  
   
Bonus
$2,548 - $20,738  
Profit Sharing
$0.00 - $7,000  
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).
)
$66,151 - $137,173  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 265

Find Out Exactly What You Should Be Paid

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

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Popular Skills for Compensation Manager


Survey results show that Compensation Managers use a fair number of skills. 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 seem to negatively impact pay include compensation. It is often found that people who know Benefits & Compensation are also skilled 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.


Salaries for the relatively untried average out to around $88K, but survey participants with five to 10 years of experience earn a significantly higher median of $102K. People with 10 to 20 years of experience make an average of about $108K in this role. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $104K.

Related Job Salaries

Key Stats for Compensation Manager

Gender

Female
64 %
Male
36 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.
038
Less than 1 year
1%
1-4 years
13%
5-9 years
30%
10-19 years
39%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Compensation Manager Salaries




National Average
$101,000


Skills That Affect Compensation Manager Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
30%
10-19 years
39%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 91%
vision benefits
Vision: 79%
dental benefits
None: 5%
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