Avg. Base Salary (USD)
The average salary for a Compensation Manager is $107,299 in 2023
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 $95,684 based on 42 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.
How do Compensation Managers Rate Their Jobs?
FAQs About Compensation Managers
What is the highest pay for Compensation Managers?
Our data indicates that the highest pay for a Compensation Manager is $139k / year
What is the lowest pay for Compensation Managers?
Our data indicates that the lowest pay for a Compensation Manager is $80k / year
How can Compensation Managers increase their salary?
Increasing your pay as a Compensation Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Compensation Manager that oversees more junior Compensation Managers, this experience can increase the likelihood to earn more.