Compensation Managers in the United States take home approximately $96K per year on average. Overall cash earnings for Compensation Managers stretch from $64K on the lower end to $138K near the top, and the heftiest packages can encompass around $22K from bonuses and $9K from profit sharing. Geography and tenure each impact pay for this group, with the former having the largest influence. Female Compensation Managers are more common than men among those who completed the survey; more than half (65 percent) are women. Medical and dental coverage is claimed by almost all, and a fair number earn vision coverage. For the most part, Compensation Managers enjoy their work and report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$62,127 - $125,486
(Median)
$62K
$96K
$130K
MEDIAN: $96,278
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
$62,127 - $125,486  
   
Bonus
$2,740 - $21,599  
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).
)
$64,159 - $137,928  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 262
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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.

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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 seem to negatively impact pay include compensation. Most people familiar with 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.


Survey participants with less than five years' experience pocket $86K on average, but those with five to 10 years of experience enjoy a much bigger median of $101K. People with 10 to 20 years of experience make an average of about $109K 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 $108K.

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Experience Affects Compensation Manager Salaries




National Average
$101,000


Skills That Affect Compensation Manager Salaries


Microsoft Excel
up arrow 1%

Data Analysis
0%

National Average
$101,000

Benefits & Compensation
up arrow 2%

compensation
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
30%
10-19 years
41%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 91%
medical benefits
Vision: 78%
dental benefits
None: 4%
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