Compensation Manager Salary in Maple Grove, Minnesota

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Average Salary for Compensation Manager in Maple Grove, Minnesota

The average salary of a(n) Compensation Manager in Maple Grove, Minnesota is $121,169.

The average hourly rate of a(n) Compensation Manager in Maple Grove, Minnesota is $58.25.

The average bonus of a(n) Compensation Manager in Maple Grove, Minnesota is $10,614.00.

Job Description:

Manages compensation program, which may include incentive and executive compensation. Directs development and application of techniques of job analysis, job descriptions, evaluations, grading, and pricing in order to determine and convert relative job worth into monetary values to be administered according to pay-scale guidelines and policy. Develops and approves incentives and incentive plan formats. Confers and works with management to achieve corporate goals. 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. Less

Manages compensation program, which may include incentive and executive compensation. Directs development and application of techniques of job analysis, job descriptions, evaluations, grading, and pricing in order to determine and convert relative job worth into monetary values to be administered... More

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