Avg. Base Salary (USD)
The average salary for a Compensation Manager is $101,416
What is the Pay by Experience Level for Compensation Managers?
An entry-level Compensation Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $78,614 based on 9 salaries. An early career Compensation Manager with 1-4 years of experience earns an average total compensation of $92,036 based on 41 salaries. A …Read more
What Do Compensation Managers Do?
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.
Those in this position plan and implement pay rates, benefits, and paid time-off programs, and may be responsible for organizing healthcare programs or 401(k) programs.
They are generally required to …Read more
- 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.