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Compensation Associate Jobs in Rye, NY (NOW HIRING)

Customers Bank

Compensation Associate

New York, NY

$70K - $100K/yr

Partner with Finance and PXT to support compensation planning, forecasting, and year-end processes (merit and bonus cycles). * Independently develop and deliver executive-ready analyses and ...

Customers Bank

Compensation Associate

New York, NY · On-site

$70K - $100K/yr

Partner with Finance and PXT to support compensation planning, forecasting, and year-end processes (merit and bonus cycles). * Independently develop and deliver executive-ready analyses and ...

MAP SSG

Executive Compensation Associate

Manhattan, NY · On-site

$260K - $435K/yr

Our New York office is looking for an Executive Compensation & Employee Benefits associate with at least three years of big law experience. Prior law firm experience in these practice areas is ...

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All JobsCompensation Associate JobsCompensation Associate Jobs in Rye, NY

Compensation Associate information

See Rye, NY salary details

$49.3K

$63.1K

$74.7K

How much do compensation associate jobs pay per year?

As of Aug 5, 2026, the average yearly pay for compensation associate in Rye, NY is $63,123.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,800.00 and $68,300.00 per year, depending on experience, location, and employer.

What is the difference between Compensation Associate vs Payroll Specialist?

AspectCompensation AssociatePayroll Specialist
Required CredentialsTypically a bachelor's degree in HR, Business, or related field; certifications like CCP are a plusOften a degree in Accounting, Finance, or Business; certifications like CPP or payroll-specific certifications
Work EnvironmentHR or Compensation departments within organizations, focusing on pay structures and benefitsFinance or HR departments, handling payroll processing and compliance
Employer & Industry UsageUsed across various industries in HR teams to manage compensation dataCommon in organizations with in-house payroll processing or payroll service providers

The Compensation Associate primarily focuses on designing and managing employee pay structures, benefits, and compensation data. In contrast, the Payroll Specialist handles the processing of employee wages, tax deductions, and compliance with payroll regulations. While both roles require knowledge of compensation and HR policies, the Compensation Associate emphasizes strategy and data management, whereas the Payroll Specialist concentrates on accurate payroll execution and reporting.

What are some common challenges compensation associates face when analyzing salary data across different departments?

Compensation Associates often encounter challenges such as inconsistent job titles, varying responsibilities across departments, and discrepancies in market data when analyzing salary information. Navigating these differences requires strong analytical skills and close collaboration with HR partners and department managers to ensure internal equity and external competitiveness. Staying updated with industry benchmarks and using standardized job evaluation methods can help address these issues and support fair compensation decisions.

What does a compensation associate do?

A Compensation Associate is responsible for supporting the development, implementation, and administration of an organization's compensation programs. They analyze salary data, benchmark roles against industry standards, assist with salary reviews, and ensure compliance with relevant laws and regulations. Their work helps ensure that employees are paid fairly and competitively, which can improve employee satisfaction and retention. Compensation Associates often collaborate with HR, finance, and management teams to align pay structures with company goals.

What are the key skills and qualifications needed to thrive as a compensation associate?

To thrive as a Compensation Associate, you need a solid understanding of compensation principles, data analysis, and human resources practices, usually backed by a relevant bachelor's degree. Familiarity with HR information systems (HRIS), advanced Excel skills, and compensation management tools like PayScale or Workday is often required. Strong attention to detail, discretion, and effective communication help you excel in handling sensitive data and collaborating across teams. These skills are crucial to ensure accurate compensation analysis, compliance, and fair pay practices within an organization.
What are the most commonly searched types of Compensation jobs in Rye, NY? The most popular types of Compensation jobs in Rye, NY are:
What job categories do people searching Compensation Associate jobs in Rye, NY look for? The top searched job categories for Compensation Associate jobs in Rye, NY are:
What cities near Rye, NY are hiring for Compensation Associate jobs? Cities near Rye, NY with the most Compensation Associate job openings:
Compensation Associate jobs near you
Infographic showing various Compensation Associate job openings in Rye, NY as of July 2026, with employment types broken down into 1% As Needed, 69% Full Time, 28% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $63,123 per year, or $30.3 per hour.

Compensation Associate

Millennium Management LLC

New York, NY • On-site

$70K - $160K/yr

Full-time

Posted 21 days ago

Millennium Management rating

7.7

Company rating: 7.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

Compensation Associate
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium's mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
The Human Resources department at Millennium covers the full spectrum of HR disciplines. Through high-touch, impactful solutions, the team helps optimize organizational performance and foster a strong working environment and culture that attracts, engages and retains top talent. The Compensation Operations Associate at Millennium will assist in the development and implementation of our compensation philosophy, policies, and practices around the world, supporting our best efforts to attract and retain the best talent available. This function requires liaising with other departments such as Finance, Legal, and Tax and will also involve providing support to other HR functions. A successful candidate will have a strong interest in compensation/analytics within Human Resources. They will be hired to support the Compensation, Benefits & HR Services team in a variety of areas; particularly focused on the year-end compensation process administration.
What You'll Do
  • Support the global year-end compensation process, including system preparation, testing, training, communications, and analytical reporting
  • Assist with compensation planning activities, including cost modeling, budget-to-compensation comparisons, and preparation of reports and analysis
  • Review and reconcile compensation data to ensure accuracy and completeness across HR systems
  • Support compensation system configuration and administration, including user acceptance testing, data audits, and end-user support
  • Administer the global deferred compensation program, including grants, balance tracking, forfeitures, distributions, and statements
  • Serve as a resource for employees on compensation-related matters, providing clear and timely support
  • Partner with internal stakeholders across HR and other functions to support compensation operations and related processes
  • Contribute to special projects and broader team initiatives as needed

What You Bring
  • Bachelor's degree in an analytical field such as Finance, Accounting, Mathematics, or a related HR discipline
  • 5 to 7 years of experience in a compensation function preferred
  • Strong analytical and structured problem-solving skills, with close attention to detail and data accuracy
  • Advanced Excel skills, including pivot tables, lookup functions, countifs/sumifs, complex formulas, and charting
  • Strong written and verbal communication skills, with the ability to tailor messages effectively to different audiences
  • Sound judgment, discretion, and integrity in handling sensitive and confidential information
  • Experience with Workday HRIS is a plus
  • Experience using AI tools is a plus

Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $70,000 to $160,000, which is specific to New York City and may change in the future. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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