Compensation Manager Salary

Average pay for a Compensation Manager in the United States is considerable, rounding six figures at $97K per year. Cash earnings for Compensation Managers — including $21K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $66K to $137K depending on individual performance. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Most Compensation Managers like their work and job satisfaction is high. Women account for the majority of Compensation Managers who responded to the questionnaire — 64 percent to be exact. In this profession, almost all enjoy medical and dental coverage, and a fair number have vision insurance, as well. This snapshot results from replies to PayScale's salary survey.

$63,320 - $124,677
$63K
$97K
$120K
MEDIAN: $97,010
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
$63,320 - $124,677  
   
Bonus
$2,548 - $20,899  
Profit Sharing
$0.00 - $5,182  
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).
)
$66,280 - $136,587  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 257
© PayScale, Inc. @ www.payscale.com

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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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For Compensation Managers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Compensation Managers earn similar salaries to those in higher-end positions like Compensation Manager.

Compensation Manager Job Listings

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Popular Skills for Compensation Manager


Survey takers who work as Compensation Managers usually report a few specific 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 pay less than market rate 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 $89K, but survey participants with five to 10 years of experience earn a significantly higher median of $103K. After working for 10 to 20 years, Compensation Managers make a median salary of $109K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Compensation Managers report making only $105K on average.

Pay Difference by Location

National Average: $101,996

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

For those looking to make money, Compensation Managers in San Francisco enjoy an exceptional pay rate, 26 percent above the national average. Compensation Managers will also find cushy salaries in Philadelphia (+19 percent), New York (+17 percent), Columbus (+13 percent), and Hartford (+12 percent). One of the biggest compensable factors for Compensation Managers is geography, with workers in Cleveland earning a whopping 28 percent below the national average. Two other places where employers offer below-median salaries are Jacksonville (7 percent less) and Houston (2 percent less).

Related Job Salaries

Key Stats for Compensation Manager

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
32%
10-19 years
37%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Compensation Manager Salaries

▲7%

▲3%

▲1%

National Average
$102,000

▼13%

Skills That Affect Compensation Manager Salaries



National Average
$102,000



compensation
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
32%
10-19 years
37%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 91%
vision benefits
Vision: 78%
dental benefits
None: 5%
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