The average pay for a Compensation Specialist is C$69,986 per year. Most people with this job move on to other positions after 20 years in this career. Experience has a moderate effect on salary for this job. A skill in Microsoft Excel is associated with high pay for this job.

C$41,899 - C$84,507
C$42K
C$64K
C$85K
MEDIAN: C$63,691
10%
50%
90%
C$0C$89K
Salary C$41,899 - C$84,507
Bonus C$1,216 - C$12,822
Profit Sharing C$1,570
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$42,552 - C$89,230
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 49

Job Description for Compensation Specialist

Compensation specialists are responsible for developing and implementating different compensation programs and strategies on behalf of their company. They are in charge of modifying different salary and wage initiatives that will benefit specific employees and their organization. These individuals are organized and possess strong problem-solving skills to overcome administrative and financial obstacles. They work in an office environment with a regular 9-5 schedule. They also use a personal computer to write compensation reports, run calculcations on spreadsheet software, and keep accurate records for future reference.

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Compensation Specialist Tasks

  • Write job descriptions and maintain database of all job descriptions.
  • Assist in preparation of merit increase and incentive programs and budgeting.
  • Design and prepare ad hoc compensation and budget related reports for management.
  • Participate in salary surveys, and analyze data from survey sources to determine competitiveness both internally and externally.
  • Price new jobs utilizing salary surveys or slotting.

Compensation Specialist Job Listings

Pay Difference by Location

National Average: C$67,933

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

Related Job Salaries

Key Stats for Compensation Specialist

Gender

Female
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.
1-4 years
34%
5-9 years
38%
10-19 years
26%
20 years or more
2%

Experience Affects Compensation Specialist Salaries

▲27%

▲7%

National Average
C$68,000

▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
34%
5-9 years
38%
10-19 years
26%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 95%
vision benefits
Vision: 85%
no benefits
None: 5%