Compensation Manager

Manage compensation programs in establishments.
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Quick Stats

Salary Range
$52,000 – $151,000

Data from U.S. Department of Labor

What do Compensation Managers do?

Manages compensation program in establishment: Directs development and application of techniques of job analysis, job descriptions, evaluations, grading, and pricing in order to determine and record job factors and to determine and convert relative job worth into monetary values to be administered according to pay-scale guidelines and policy formulated by DIRECTOR, INDUSTRIAL RELATIONS. Analyzes company compensation policies, government regulations concerning payment of minimum wages and overtime pay, prevailing rates in similar organizations and industries, and agreements with labor unions, in order to comply with legal requirements and to establish competitive rates designed to attract, retain, and motivate employees. Recommends compensation adjustments according to findings, utilizing knowledge of prevailing rates of straight-time pay, types of wage incentive systems, and special compensation programs for professional, technical, sales, supervisory, managerial, and executive personnel. Approves merit increases permitted within budgetary limits and according to pay policies. Duties may also include administration of employee benefits program [MANAGER, BENEFITS].

Should I be a Compensation Manager?

You should have a bachelor's degree or higher and share these traits:
  • Reliable: You can always be counted on to do a good job.
  • Ready for a Challenge: You jump into new projects with initiative and drive.
  • Team Player: You're able to listen, communicate, and work with tons of different people.

  • Also known as: Position Classification Manager

    How to become a Compensation Manager

    Most Compensation Managers have a Bachelor's degree. Chart?chd=s:ada9da&chl=|certificate+%285%25%29||bachelor%27s+%2890%25%29|master%27s+%285%25%29|&cht=p3&chs=466x180&chxr=0,0,90
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