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Compensation Manager Salary

Average pay for Compensation Managers in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($96K). Overall cash earnings for Compensation Managers stretch from $62K on the lower end to $138K near the top, and the heftiest packages can encompass around $25K from bonuses and $9K from profit sharing. Experience level is the biggest factor affecting pay for this group, followed by geography. Compensation Managers survey participants are largely women, dominating at 64 percent. Nearly all receive medical and dental insurance and a strong majority get vision plans. Most Compensation Managers like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$63,390 - $124,780
(Median)
$63K
$96K
$120K
MEDIAN: $96,488
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$63,390 - $124,780  
   
Bonus
$2,073 - $24,747  
Profit Sharing
$824 - $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).
)
$62,403 - $137,541  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 248

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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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Many Compensation Managers move into a Compensation Manager role, which does not lead to a big boost in pay. Compensation Managers on average bring in a similar salary to Compensation Managers.

Compensation Manager Job Listings

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Popular Skills for Compensation Manager


Survey results suggest that Compensation Managers use a fairly large toolkit of professional skills. Most notably, skills in Benefits & Compensation, Microsoft Excel, Human Resources Information System, and compensation are correlated to pay that is above average. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Most people experienced in Benefits & Compensation also know 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.


Those in the early stages of their career can expect to make around $69K; however, individuals with five to 10 years of experience bring in $101K on average — a distinctly larger sum. Compensation Managers claiming one to two decades of experience make an estimated median of $108K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $101K on average.

Related Job Salaries

United States (change)

Experience Affects Compensation Manager Salaries


Mid-Career
0%

Late-Career
0%

National Average
$101,000

Entry-Level
up arrow 31%

Skills That Affect Compensation Manager Salaries


Microsoft Excel
up arrow 2%

Human Resources Information System (HRIS)
up arrow 2%

National Average
$101,000

compensation
up arrow 2%

Data Analysis
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
28%
10-19 years
44%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 6%
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