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Compensation Manager Jobs in Minnesota (NOW HIRING)

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Compensation Manager information

See Minnesota salary details

$34.8K

$112.4K

$166K

How much do compensation manager jobs pay per year?

As of Aug 6, 2026, the average yearly pay for compensation manager in Minnesota is $112,368.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,000.00 and $129,800.00 per year, depending on experience, location, and employer.

What is a compensation manager?

A compensation manager is part of a corporate HR team which researches and develops the pay policies in a company. They use research to help determine fair pay scales for all the company employees. Duties include helping the business with recruiting and integrating new employees. At a small company, they might be responsible for all aspects of the pay system, while at a larger company they may have specific responsibilities, such as doing market research or surveying workers.

What is the difference between Compensation Manager vs Compensation Analyst?

AspectCompensation ManagerCompensation Analyst
CredentialsBachelor's degree, often HR or Business; certifications like CCP or CBPBachelor's degree in HR, Business, or related; certifications like CCP beneficial
Work EnvironmentOversees compensation strategies, manages teams, collaborates with HR leadershipAnalyzes salary data, prepares reports, supports compensation programs
Employer & Industry UsageUsed in large organizations across various industriesCommon in HR departments, especially in finance, healthcare, and tech sectors

The Compensation Manager focuses on developing and managing overall compensation strategies, policies, and team leadership. In contrast, the Compensation Analyst primarily conducts data analysis, prepares reports, and supports compensation program implementation. Both roles require similar credentials but differ in scope and responsibilities within the compensation function.

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

To thrive as a Compensation Manager, you need expertise in compensation analysis, benefits administration, and compliance, often supported by a degree in human resources or business and relevant certifications such as CCP (Certified Compensation Professional). Familiarity with HRIS systems, data analytics tools, and compensation benchmarking software is typically required. Strong analytical thinking, attention to detail, and effective communication skills help you design competitive pay structures and collaborate with stakeholders. These skills ensure fair, data-driven compensation practices that support employee satisfaction and organizational goals.

What degree do you need to be a compensation manager?

A compensation manager typically needs a bachelor's degree in human resources, business administration, finance, or a related field. Many employers prefer candidates with a master's degree or professional certifications such as the Certified Compensation Professional (CCP). Relevant skills include data analysis, knowledge of compensation laws, and experience with HR software.

What are some common challenges compensation managers face when designing competitive pay structures?

Compensation Managers often navigate the challenge of balancing internal equity, market competitiveness, and budget constraints when designing pay structures. They must ensure that compensation packages attract and retain top talent while staying compliant with regulations and maintaining fairness across the organization. Additionally, Compensation Managers regularly analyze market data, manage employee expectations, and collaborate with HR and leadership to support organizational goals. These complexities require strong analytical skills, communication, and the ability to adapt to changing market trends.
More about Compensation Manager jobs
What are the most commonly searched types of Compensation jobs in Minnesota? The most popular types of Compensation jobs in Minnesota are:
What are popular job titles related to Compensation Manager jobs in Minnesota? For Compensation Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Compensation Manager jobs in Minnesota look for? The top searched job categories for Compensation Manager jobs in Minnesota are:
What cities in Minnesota are hiring for Compensation Manager jobs? Cities in Minnesota with the most Compensation Manager job openings:
Compensation Manager jobs near you
Infographic showing various Compensation Manager job openings in Minnesota as of July 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $112,368 per year, or $54 per hour.

Senior Compensation Partner

Daikin Applied

Plymouth, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago

Job description

Join the world's largest HVAC company, named by Forbes as one of America's Best-In-State Employers 2025!
Daikin Applied is seeking a Senior Compensation Partner to support our rapidly expanding Alliance Air Products business, with a primary focus on our operations in Tijuana, Mexico. This is a unique opportunity to build and shape compensation programs, job structures, and rewards strategies for a growing workforce while partnering with HR and business leaders across the United States and Mexico. In this highly visible role, you will serve as the lead compensation consultant for this business, helping ensure our pay practices remain competitive, equitable, scalable, and aligned with our global compensation philosophy.
If you are bilingual in Spanish and English, have strong compensation expertise, and enjoy balancing strategic consulting with hands-on analytical work, we'd love to hear from you.
Location: Remote, U.S., or Hybrid in Plymouth, MN
Your Responsibilities:
  • Serve as the primary compensation advisor for Alliance Air Products and Mexico-based operations.

  • Design, develop, and maintain compensation structures and job frameworks that support business growth and market competitiveness.

  • Conduct job evaluations, market pricing analyses, and compensation benchmarking for professional, managerial, and leadership roles.

  • Partner closely with HR, Finance, and business leaders to provide compensation guidance, recommendations, and insights.

  • Support compensation governance across U.S. and Mexican operations while helping ensure compliance with local regulations and company policies.

  • Lead compensation projects related to organizational growth, acquisitions, workforce integration, and process improvement.

  • Participate in annual compensation programs, including salary structure updates, merit planning, and compensation reviews.

  • Develop compensation tools, reporting, dashboards, and analytical models that enable informed decision-making.

  • Evaluate leadership-level positions and provide recommendations regarding market competitiveness and internal equity.

  • Help establish scalable compensation practices that support future international growth.

Your Qualifications:
  • Bachelor's degree in Human Resources, Business, Finance, Economics, or a related field (or equivalent experience).

  • 6+ years of progressive compensation experience.

  • Professional fluency in both English and Spanish, including the ability to conduct business discussions and presentations in both languages.

  • Experience supporting compensation cycles, including merit planning, salary structure administration, and market benchmarking.

  • Strong knowledge of job evaluation, job architecture, leveling, and compensation program administration.

  • Advanced analytical, financial modeling, and data interpretation skills.

  • Demonstrated ability to consult with leaders and influence compensation-related decisions.

  • Excellent communication, presentation, and stakeholder management skills.

  • Experience supporting compensation programs in Mexico, Latin America, or other international markets. (preferred)

  • Knowledge of Mexican labor practices, compensation regulations, and benefits programs. (preferred)

  • Experience working in a global, matrixed, or multi-business organization. (preferred)

  • Certified Compensation Professional (CCP) designation or progress toward certification. (preferred)

  • Experience with acquisitions, organizational design, or workforce integration projects.

  • Familiarity with HRIS and compensation systems such as Workday, Payfactors, or similar platforms. (preferred)

  • Experience leveraging automation, AI, or digital tools to improve compensation processes. (preferred)

Your Benefits:
Daikin Applied offers the following benefits for this position, subject to applicable eligibility requirements:
  • Multiple medical insurance plan options + dental and vision insurance

  • 401K retirement plan with employer contributions matching 100% of the first 3% of employee contributions and 50% on the next 2% of employee contributions

  • Company provided life insurance + optional employee paid voluntary life insurance, dependent life coverage and voluntary accident coverage

  • Short-term and long-term disability

  • 3 weeks of paid time off for new employees + 11 company-paid holidays

  • Vacation accrues on a monthly basis, unless applicable federal, state, and local law requires a faster accrual

  • Paid sick time in accordance of the federal, state and local law

  • Paid parental leave and tuition reimbursement after 6 months of continuous service

Work visa sponsorship is not available for this position.
The typical annual base salary for this position ranges from $90,000 to $153,300 + 10%-15% bonus in Minnesota. The range displayed represents the pay range for all positions in the job grade which this position falls. Individual base pay will depend on a wide range of factors, including your skills, qualifications, experience, and location.
If you're looking for an engaging career with growth opportunities in a supportive environment, you'll love a career at Daikin Applied!

Apply