The average salary for a Compensation Manager is $100,788.
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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 hol…Read more
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.
Job Satisfaction for Compensation Manager
Popular Employer Salaries for Compensation Manager
Explore the most common career paths for Compensation Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Director, Compensation & Benefits
Senior Compensation Manager
Somewhat common (8 - 20%)
Compensation Manager Job Listings
What Are Popular Skills for Compensation Managers?
Skills in Microsoft Excel, Benefits & Compensation and Market Analysis are correlated to pay that is above average. Skills that pay less than market rate include Human Resources Information System (HRIS) and Data Analysis.
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 $72,318 based on 8 salaries. An early career Compensation Manager with 1-4 years of experience earns an average total compensation of $89,129 based on 60 salaries. A mid-career Compensation Manager with 5-9 years of experience earns an average total compensation of $98,513 based on 155 salaries. An experienced Compensation Manager with 10-19 years of experience earns an average total compensation of $106,964 based on 205 salaries. In their late career (20 years and higher), employees earn an average total compensation of $108,457.
Pay Difference by Location
Employees with Compensation Manager in their job title in San Francisco, California earn an average of 35.7% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (17.7% more) and New York, New York (8.7% more). The lowest salaries can be found in Atlanta, Georgia (7.5% less).
Years of Experience
This data is based on 509 survey responses.