How much does a Compensation Manager make hourly in the United States? The average hourly wage for a Compensation Manager in the United States is $67 as of February 26, 2024, but the range typically falls between $60 and $76. Hourly rate 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. 

Compensation Manager Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Compensation Manager Salary $54 US February 26, 2024
25th Percentile Compensation Manager Salary $60 US February 26, 2024
50th Percentile Compensation Manager Salary $67 US February 26, 2024
75th Percentile Compensation Manager Salary $76 US February 26, 2024
90th Percentile Compensation Manager Salary $83 US February 26, 2024
25% $60 10% $54 90% $83 75% $76 $67 50%(Median) Didn’t find job title? Click
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What skills does a Compensation Manager need?

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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.

3.

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.

Analysis 11.96%
Promotion 2.08%
Microsoft Office 1.27%
Others 84.69%

Job Description for Compensation Manager

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. Being a Compensation Manager 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. Additionally, Compensation Manager requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Manager 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. To be a Compensation Manager 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. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Compensation Manager

Career Path for Compensation Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Compensation Manager, the first career path typically starts with a Compensation Senior Manager position, and then progresses to Compensation Director.

Additionally, the second career path typically progresses to Executive Compensation Manager.

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Are you an HR manager or compensation specialist?

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Compensation Manager salary varies from city to city. Compared with national average salary of Compensation Manager, the highest Compensation Manager salary is in San Francisco, CA, where the Compensation Manager salary is 25.0% above. The lowest Compensation Manager salary is in Miami, FL, where the Compensation Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total hourly compensation opportunity for a Compensation Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
60
76
67

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
64
85
73
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Compensation Manager in the United States. The average hourly rate for Compensation Manager ranges from $60 to $76 with the average hourly pay of $67. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $64 to $85 with the average total hourly cash compensation of $73.
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For a real-time salary target, tell us more about your role in the four categories below.

60
76

 

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Skills associated with Compensation Manager: Incentive Programs, Market Pricing, HR Regulatory Environment & Compliance, Salary Planning ...More

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Salary estimation for Compensation Manager at companies like : 2frederick County Career Firefighters Benevolent Fund Inc, Fritz Fischer GmbH, Electronics Systems Inc

Compensation Manager Salary in United States
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