1. What is the average salary of a Compensation Manager?
The average annual salary of Compensation Manager is $127,739.
In case you are finding an easy salary calculator,
the average hourly pay of Compensation Manager is $61;
the average weekly pay of Compensation Manager is $2,457;
the average monthly pay of Compensation Manager is $10,645.
2. Where can a Compensation Manager earn the most?
A Compensation Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Compensation Manager earns the most in San Jose, CA, where the annual salary of a Compensation Manager is $161,117.
3. What is the highest pay for Compensation Manager?
The highest pay for Compensation Manager is $149,025.
4. What is the lowest pay for Compensation Manager?
The lowest pay for Compensation Manager is $116,666.
5. What are the responsibilities of Compensation Manager?
Leads the development, implementation, and administration of compensation programs, policies, and procedures. Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other associated initiatives. Ensures that base pay, incentive pay and performance management programs remain competitive and conform to current compensation strategy. Directs data collection and analysis processes for market, pay equity, and other compensation studies. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
6. What are the skills of Compensation Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
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Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
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Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.