The average pay for a Compensation Manager with Human Resources Information System (HRIS) skills is $49.43 per hour.
The average pay for a Compensation Manager with Human Resources Information System (HRIS) skills is $98,383 per year.
|Salary||$65,261 - $130,529|
|Bonus||$2,891 - $20,729|
|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).)
|$69,101 - $142,293|
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.Read More...
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 hold a Bachelor's degree in Business, Human Resources, or a related field, though many employers will prefer a Master's degree in Business Administration or Human Resources. Short-term experience in human resources or payroll, as well as some management training, is often needed. Excellent interpersonal and communication skills are required, as these managers work frequently with subordinates.
Compensation managers work with a company's human resources department to ensure effective compensation strategies are carried out. Those in this position must have superior knowledge of the annual job market and the compensation strategies of competing companies in order to attract top employees while maintaining profitability.
Compensation managers have their own offices and generally work indoors during normal week-day business hours. They may occasionally be required to work extended hours or nights and weekends. They answer directly to company executives and may oversee a team of employees, so leadership skills are highly beneficial. Above all, compensation managers must possess superior analytical, quantitative, and problem-solving skills in order to effectively implement attractive employee-compensation programs. (Copyright 2019 PayScale.com)
- 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
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 $110,000 based on 14 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 $96,000 based on 23 salaries. An experienced Compensation Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $121,000 based on 21 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 $120,000 based on 7 salaries.
Key Stats for Compensation Manager
Rated 5 out of 5
based on 29 votes.