Compensation Manager Salary

Average pay for a Compensation Manager in the United States is considerable, rounding six figures at $96K per year. Cash earnings for Compensation Managers — which occasionally include more than $22K from bonuses and more than $9K from profit sharing — stretch from around $65K to approximately $141K. Residence and years of experience each impact pay for this group, with the former having the largest influence. Medical and dental benefits are awarded to almost all, and a fair number earn vision coverage. Female Compensation Managers are more common than men among those who completed the survey; more than half (66 percent) are women. Job satisfaction for Compensation Managers is high. This overview is based on answers to PayScale's salary questionnaire.

$65,113 - $130,552
$65K
$98K
$130K
MEDIAN: $98,147
10%
50%
90%

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$0$145K
Salary $65,113 - $130,552
Bonus $2,800 - $22,543
Profit Sharing $0.00 - $35,000
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).
)
$67,739 - $145,979
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 297

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 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 organization's overall objectives and are in compliance with professional standards, state and federal regulatory requirements and laws.

Compensation Manager Job Listings

Popular Skills for Compensation Manager


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Human Resources Information System, Microsoft Excel, Data Analysis, and Benefits & Compensation are correlated to pay that is above average. Skills that seem to negatively impact pay include compensation. Those familiar with Benefits & Compensation also tend to know Human Resources Information System (HRIS).

Pay by Experience Level for Compensation Manager

Pay by Experience for a Compensation Manager has a positive trend. An entry-level Compensation Manager with less than 5 years of experience can expect to earn an average total compensation of $89,000 based on 71 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compensation Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $103,000 based on 119 salaries. An experienced Compensation Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $109,000 based on 120 salaries. A Compensation Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $105,000 based on 46 salaries.

Pay Difference by Location

National Average: $103,391

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

Compensation Managers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 27 percent. Compensation Managers will also find cushy salaries in Philadelphia (+20 percent), New York (+18 percent), Columbus (+14 percent), and Hartford (+13 percent). Compared to the national average, Cleveland Compensation Managers have considerably lower salaries, 27 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Jacksonville and Houston are a couple other places where companies are known to pay below the median — salaries are 6 percent lower and 2 percent lower, respectively.

Related Job Salaries

Key Stats for Compensation Manager

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.
Less than 1 year
1%
1-4 years
10%
5-9 years
32%
10-19 years
41%
20 years or more
15%

Experience Affects Compensation Manager Salaries

▲6%

▲2%

▼0%

National Average
$103,000

▼14%

Skills That Affect Compensation Manager Salaries



National Average
$103,000



compensation
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
32%
10-19 years
41%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 92%
vision benefits
Vision: 81%
no benefits
None: 4%