Manager, Compensation Salary
Compensation Managers enjoy a hefty income, with average pay passing six figures ($107K) annually in the United States. Career length is the biggest factor affecting pay for this group, followed by geography. Women Compensation Managers who took the survey just slightly outnumber men. Nearly all enjoy medical and dental coverage in this occupation, and most get vision benefits. For the most part, Compensation Managers enjoy their work and report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
|Salary||$78,852 - $128,283|
|Bonus||$1,952 - $20,391|
|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).)
|$76,764 - $147,474|
|Bonus||$1,952 - $20,391|
|Total Pay (||$76,764 - $147,474|
Job Description for Manager, Compensation
Compensation managers are responsible for overseeing several employees within their companies to ensure that all goals and tasks set by upper-management are met within the appropriate deadlines. Communication with both upper-management and other employees in the company is essential in this position, and these managers must also have strong interpersonal skills and general knowledge of office software, emails, and multi-line telephone systems.Read More...
Aspiring compensation managers should have a general understanding of training procedures, labor laws, and employee rights, as well as the ability to troubleshoot problems independently and without supervision. Prior experience interviewing potential employees is beneficial for this position, as is the ability to create and maintain accurate employee progress reports. Compensation managers should be determined, dedicated to the company's success, and willing to take responsibility for their departments.
Prior experience and formal training are helpful for this position, and employers may prefer applicants who have a bachelor's or master's degree in a business-related field. These managers must also be willing to attend regular company meetings and seminars, as well as complete required ongoing education and training for their positions.
Manager, Compensation 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 organizations overall objectives and are in compliance with professional standards, state and federal regulatory requirements and laws.
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Pay by Experience Level for Manager, Compensation
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries of relatively inexperienced workers fall in the neighborhood of $104K, but folks who have racked up five to 10 years see a notably higher median of $112K. Compensation Managers bring in $117K after working for 10 to 20 years. Compensation Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $113K.
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Key Stats for Manager, Compensation
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