Manager, Compensation Salary
On average, Compensation Managers in the United States earn six-figure salaries ($105K) annually, making for a very well-paid profession. Career length is the biggest factor affecting pay for this group, followed by geography. Women make up a slight majority of Compensation Managers (55 percent) survey respondents. Nearly all receive medical and dental insurance and almost all get vision plans. The majority of Compensation Managers claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
|Salary||$74,487 - $127,895|
|Bonus||$2,027 - $22,761|
|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).)
|$72,722 - $145,574|
|Bonus||$2,027 - $22,761|
|Total Pay (||$72,722 - $145,574|
Job Description for Manager, Compensation
Compensation managers are responsible for overseeing several employees within their companies to ensure that all goals and tasks set by upper-management are met within the appropriate deadlines. Communication with both upper-management and other employees in the company is essential in this position, and these managers must also have strong interpersonal skills and general knowledge of office software, emails, and multi-line telephone systems.Read More...
Aspiring compensation managers should have a general understanding of training procedures, labor laws, and employee rights, as well as the ability to troubleshoot problems independently and without supervision. Prior experience interviewing potential employees is beneficial for this position, as is the ability to create and maintain accurate employee progress reports. Compensation managers should be determined, dedicated to the company's success, and willing to take responsibility for their departments.
Prior experience and formal training are helpful for this position, and employers may prefer applicants who have a bachelor's or master's degree in a business-related field. These managers must also be willing to attend regular company meetings and seminars, as well as complete required ongoing education and training for their positions. (Copyright 2017 PayScale.com)
Manager, Compensation 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 organizations overall objectives and are in compliance with professional standards, state and federal regulatory requirements and laws.
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Pay by Experience Level for Manager, Compensation
Pay by Experience for a Manager, Compensation has a positive trend. An entry-level Manager, Compensation with less than 5 years of experience can expect to earn an average total compensation of $102,000 based on 12 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Manager, Compensation with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $112,000 based on 26 salaries. An experienced Manager, Compensation which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $117,000 based on 38 salaries. A Manager, Compensation with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $114,000 based on 16 salaries.
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