Compensation and Benefits Director Salary in Chicago, Illinois

How much does a Compensation and Benefits Director make in Chicago, IL? The average Compensation and Benefits Director salary in Chicago, IL is $167,891 as of June 27, 2019, but the range typically falls between $149,920 and $191,556. 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 online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Salary estimation for Compensation and Benefits Director at companies like : NETFLIX INC, SCHOLASTIC CORP, SHUTTERFLY INC

Job Description

Compensation and Benefits Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation and benefits programs, including base pay, incentive pay, health and welfare benefits, and retirement benefits. Works with senior management to ensure that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Being a Compensation and Benefits Director develops compensation and benefits budget for assigned areas and manages budget after it is approved. May be responsible for entire organization or for one or more major segments of a larger organization. Additionally, Compensation and Benefits Director requires a bachelor's degree. Typically reports to top management. The Compensation and Benefits Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Compensation and Benefits Director typically requires 5+ years of managerial experience. (Copyright 2019 Salary.com)

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Understand the total compensation opportunity for a Compensation and Benefits Director, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
149920
191556
167891

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
165655
228708
194350
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Compensation and Benefits Director in Chicago, IL. The base salary for Compensation and Benefits Director ranges from $149,920 to $191,556 with the average base salary of $167,891. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $165,655 to $228,708 with the average total cash compensation of $194,350.
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149920
191556

 

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Job Openings for Compensation and Benefits Director in Chicago, IL

Career Path for Compensation and Benefits Director

Salary for

Are you an HR manager or compensation specialist?

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