1. What is the average salary of a VP of Compensation?
The average annual salary of VP of Compensation is $214,697.
In case you are finding an easy salary calculator,
the average hourly pay of VP of Compensation is $103;
the average weekly pay of VP of Compensation is $4,129;
the average monthly pay of VP of Compensation is $17,891.
2. Where can a VP of Compensation earn the most?
A VP of Compensation'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 VP of Compensation earns the most in San Jose, CA, where the annual salary of a VP of Compensation is $270,797.
3. What is the highest pay for VP of Compensation?
The highest pay for VP of Compensation is $258,225.
4. What is the lowest pay for VP of Compensation?
The lowest pay for VP of Compensation is $194,632.
5. What are the responsibilities of VP of Compensation?
Leads an organization's compensation department. Champions timely and robust data collection and analysis processes that support research and market, pay equity, and other compensation studies. Responsible for leading the strategic planning of compensation and equity programs, ensuring those programs align with organizational goals, initiatives, and budgets. Ensures proper collection and analysis of compensation data, including surveys, market research and analysis, and pay equity. Keeps abreast of regulatory, market, and practice changes and trends. Requires a bachelor's degree. May require Certified Compensation Professional (CCP). Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.