Compensation Manager Salary

Compensation Managers receive generous compensation in the United States — earning an average of $97K per year, their standard salaries shoot well into the six-figure range. Total cash compensation to Compensation Managers bottoms out near $63K and approaches $137K on the high end; the biggest paychecks include approximately $24K from bonuses and almost $9K from profit sharing. Career length and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Almost all get medical and dental insurance, and a fair number get vision plans, too. There are more female Compensation Managers who answered the questionnaire than male, making up 64 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$64,017 - $124,289
(Median)
$64K
$97K
$120K
MEDIAN: $96,756
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
$64,017 - $124,289  
   
Bonus
$2,017 - $24,310  
Profit Sharing
$817 - $8,808  
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).
)
$63,476 - $136,754  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 259
United States (change)

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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


Compensation Managers usually report a few specific skills. Most notably, skills in Benefits & Compensation, Human Resources Information System, Microsoft Excel, and compensation are correlated to pay that is above average. Data Analysis, on the other hand, is typically associated with much lower pay. For most people, competency in Benefits & Compensation indicates knowledge of 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.


Although individuals who have less than five years' experience earn $71K on average, people with five to 10 years benefit from a notably larger average of $101K. Compensation Managers with one to two decades of relevant experience report an average salary of approximately $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 $102K on average.

Related Job Salaries

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Comp Managers: Start Here »

Experience Affects Compensation Manager Salaries


Late-Career
up arrow 1%

Mid-Career
0%

National Average
$101,000

Entry-Level
up arrow 30%

Skills That Affect Compensation Manager Salaries


Microsoft Excel
up arrow 2%

Human Resources Information System (HRIS)
up arrow 2%

compensation
up arrow 1%

National Average
$101,000

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: 5%
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