How much does a Top Compensation Executive make in Chicago, IL? The average Top Compensation Executive salary in Chicago, IL is $219,362 as of December 27, 2021, but the range typically falls between $195,297 and $260,772. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $195,297 10% $173,387 90% $298,473 75% $260,772 $219,362 50%(Median)
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Job Description for Top Compensation Executive

Top Compensation Executive designs, plans and directs compensation policies, objectives, and initiatives. Oversees the collection of wage, salary, and incentive survey data to ensure the organization's compensation programs/objectives are competitive in the current marketplace. Being a Top Compensation Executive is responsible for the design, development, and administration of all compensation programs used to attract and retain employees. Plans and administers long and short-term equity programs and executive programs that drive company performance and comply with laws and regulations . Additionally, Top Compensation Executive ensures compensation programs remain within budgetary constraints. Directs communications to employees that is clear and reinforces the value of the compensation programs. Keeps abreast of regulatory, market, and practice changes and trends. Champions timely and robust data collection and analysis processes that support research and market, pay equity, and other compensation studies. Requires a bachelor's degree. May require the Certified Compensation Professional (CCP) credential. Typically reports to top management. The Top Compensation Executive 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. To be a Top Compensation Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2022 Salary.com)... View full job description

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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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
195297
260772
219362

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
216109
318009
259121
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Top Compensation Executive in Chicago, IL. The base salary for Top Compensation Executive ranges from $195,297 to $260,772 with the average base salary of $219,362. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $216,109 to $318,009 with the average total cash compensation of $259,121.
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195297
260772

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Top Compensation Executive Salary in popular cities: AuroraRockfordJoliet

Skills associated with Top Compensation Executive: Compensation Management Software, HR Regulatory Environment & Compliance, Market Pricing, Executive Compensation ...More

Salary estimation for Top Compensation Executive at companies like : NETFLIX INC, SCHOLASTIC CORP, SHUTTERFLY INC