A Compensation Consultant earns an average salary of C$75,739 per year. Most people with this job move on to other positions after 20 years in this field. Experience has a moderate effect on income for this job.

C$57,878 - C$92,910
C$58K
C$75K
C$93K
MEDIAN: C$75,301
10%
50%
90%
C$0C$92K
Salary C$57,878 - C$92,910
Bonus C$1,987 - C$9,558
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).
)
C$58,864 - C$92,871
  • Country: Canada
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 31

Job Description for Compensation Consultant

Compensation consultants assist companies in creating and implementing realistic and beneficial compensation packages for their employees, typically by providing expert advice regarding the development and modification of benefits packages that the company can afford, while also providing competitive benefits which will attract new employees and retain existing ones. These benefits may include health insurance, retirement options, paid time off, and profit-sharing and bonus programs, among others. These consultants must be able to provide various packages for employees of different ranks within the company, so organizational and planning skills are important in this position, and they typically work in an office setting and maintain regular communication with managers and supervisors.

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Compensation Consultant Tasks

  • Price new jobs utilizing salary surveys or slotting.
  • Recommend merit increase and incentive programs and budgeting.
  • Review, analyze and recommend plans for employee compensation plans.
  • Analyze and present compensation and budget related reports for management.

Compensation Consultant Pay By Employer

$0$100K

Towers Watson
5 profiles
$85,797

Compensation Consultant Job Listings

Pay Difference by Location

National Average: C$80,852

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

Key Stats for Compensation Consultant

Gender

Female
81 %
Male
19 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.
1-4 years
36%
5-9 years
45%
10-19 years
12%
20 years or more
6%

Experience Affects Compensation Consultant Salaries

▲18%

▲3%

National Average
C$81,000

▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

1-4 years
36%
5-9 years
45%
10-19 years
12%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 88%
vision benefits
Vision: 77%
no benefits
None: 4%