How much does a Compensation Manager make in Colombia? The average Compensation Manager salary in Colombia is COL$182M as of April 08, 2021, but the range typically falls between COL$147M and COL$217M. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
The geography of Colombia is characterized by its six main natural regions that present their own unique characteristics, from the Andes mountain range region shared with Ecuador and Venezuela; the Pacific Coastal region shared with Panama and Ecuador; the Caribbean coastal region shared with Venezuela and Panama; the Llanos (plains) shared with Venezuela; the Amazon Rainforest region shared with Venezuela, Brazil, Peru and Ecuador; to the insular area, comprising islands in both the Atlantic and Pacific oceans. It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Compensation Manager Frequently Asked Questions in Colombia
What is the salary range for a Compensation Manager in Colombia? What is the average hourly rate?
The average salary for a Compensation Manager in Colombia is COL$182M per year. The salary range for a Compensation Manager is between COL$147M and COL$217M. While we are seeing hourly wages as high as COL$104,122 and as low as COL$70,717, the majority of Compensation Managers are currently paid an average of COL$87,424 in Colombia. The average salary pay range for a Compensation Manager can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Compensation Manager in Colombia can differ based on any or all of these varying factors.
April 08, 2021
Why should you negotiate salary for a Compensation Manager role? What are effective negotiation strategies?
Most hiring managers in Colombia expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Compensation Manager position that you can in Colombia. This starting salary of the Compensation Manager position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Compensation Manager position in Colombia, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
April 08, 2021
How do you evaluate the advantages, opportunities, and salary for a Compensation Manager role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Compensation Manager in the Colombia can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Compensation Manager job in a large city of the Colombia may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Colombia also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Compensation Manager job is right for you.
April 08, 2021
Last Update: April 08, 2021