The average salary for a Vice President (VP), Compensation & Benefits is $156,573 per year. Most people in this job have more than five years' experience in related jobs.

$86,640 - $223,954
(Median)
$87K
$160K
$220K
MEDIAN: $156,572
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$90K$180K$270K
Salary
$86,640 - $223,954  
   
Bonus
$5,872 - $49,665  
Profit Sharing
$2,560  
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).
)
$94,166 - $258,694  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 35
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Job Description for Vice President (VP), Compensation & Benefits

The vice president (VP) of compensation and benefits oversees their company's programs for employee compensation and benefits; often, they are also responsible for working with incoming employees, including during the interview process. These vice presidents ensure that all employees are treated fairly and that benefits and compensation are distributed fairly and judiciously. Other tasks handled by the vice president of compensation and benefits include evaluating employees for annual pay increases or hourly rate raises, conducting general evaluations of compensation and benefits, communicating with all subordinates on implementing solutions to issues with compensation and benefits. Often, the vice president of compensation and benefits oversees leave of absence programs to ensure that procedures are working well and follow applicable federal laws. These vice presidents generally report to their company's president, updating them on progress and issues as needed.

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Vice President (VP), Compensation & Benefits Tasks

  • Manage compensation and benefits expenditure budgets.
  • Oversee and guide staff engaged in the compensation and benefits department's programs; job evaluation, salary, benefits and incentive programs.
  • Plan, direct and set the strategic direction of employee compensation and benefits program.

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Experience Affects Vice President (VP), Compensation & Benefits Salaries

Late-Career
up arrow 5%

National Average
$193,000

Experienced
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

5-9 years
9%
10-19 years
31%
20 years or more
60%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 93%
medical benefits
Vision: 81%
dental benefits
None: 4%
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