Compensation Manager

Compensation Manager Job Description

Leads the organization’s compensation strategy to attract, retain, and motivate talent in a competitive job market. Develops and implements compensation policies and programs aligned with company objectives and industry trends. Conducts regular market analyses and salary surveys to ensure competitive pay practices. Manages performance-based compensation systems, including bonus and incentive plans, and collaborates with leadership to design job descriptions and evaluate roles. Ensures compliance with federal, state, and local regulations, including ERISA and other relevant legislation.

Requires strong analytical skills, proficiency in HR and financial software, and in-depth knowledge of compensation best practices. Excellence in communication, negotiation, and project management is essential, as is the ability to work cross-functionally and handle sensitive information. A bachelor’s degree in human resources or a related field is typically preferred.

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Salary for Compensation Manager

77000 - 115000

25th percentile

77000

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

92000

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

115000

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Director of Total Rewards

105750

128750

150500