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Compensation Manager Jobs in Minnesota (NOW HIRING)

Life Time, Inc.

Compensation Specialist

Chanhassen, MN · On-site

$23.50/hr

Position Summary The Compensation Specialist, under general direction of the compensation team, performs varied administrative and specialized tasks in support of the day-to-day administration of ...

3M

Equity Compensation Analyst

Maplewood, MN · On-site

$109K - $133K/yr

Job Title Equity Compensation Analyst Collaborate with Innovative 3Mers Around the World Choosing ... Manage escalations using Salesforce from global service centers, HR, or employees related to stock ...

Marvin

Senior Compensation Partner

Warroad, MN · On-site

$81K - $105K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Senior Compensation Partner

Warroad, MN · On-site

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Senior Compensation Partner

Rochester, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Senior Compensation Partner

Duluth, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

3M

Equity Compensation Analyst

Maplewood, MN

$109K - $133K/yr

Job Title Equity Compensation Analyst Collaborate with Innovative 3Mers Around the World Choosing ... Manage escalations using Salesforce from global service centers, HR, or employees related to stock ...

Marvin

Senior Compensation Partner

Minneapolis, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Senior Compensation Partner

Warroad, MN · On-site

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Senior Compensation Partner

Warroad, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Director of Compensation

Rochester, MN · On-site

$161K - $215K/yr

Experience managing compensation cycles and working with senior leadership. * Experience supporting multi-location/manufacturing organizations preferred. Also want to make sure you have: * Certified ...

Marvin

Senior Compensation Partner

Saint Cloud, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Senior Compensation Partner

Bemidji, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Director of Compensation

Duluth, MN · On-site

$161K - $215K/yr

Experience managing compensation cycles and working with senior leadership. * Experience supporting multi-location/manufacturing organizations preferred. Also want to make sure you have: * Certified ...

Marvin

Senior Compensation Partner

Warroad, MN · On-site

$91K - $121K/yr

Design, implement, and manage base pay, variable pay (bonus/incentive), and equity programs (if applicable). * Lead the annual compensation processes, including merit planning, bonus cycles, and ...

Marvin

Director of Compensation

Bemidji, MN · On-site

$161K - $215K/yr

Experience managing compensation cycles and working with senior leadership. * Experience supporting multi-location/manufacturing organizations preferred. Also want to make sure you have: * Certified ...

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Showing results 1-20

All JobsCompensation JobsCompensation Manager JobsCompensation Manager Jobs in Minnesota

Compensation Manager information

See Minnesota salary details

$34.8K

$112.4K

$166K

How much do compensation manager jobs pay per year?

As of Jul 17, 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 does a compensation manager do?

A compensation manager develops and manages salary structures, incentive programs, and benefits to ensure competitive and equitable pay practices within an organization. They analyze market data, ensure compliance with regulations, and collaborate with HR and finance teams to align compensation strategies with company goals. Strong analytical skills and knowledge of compensation software are essential for this role.

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 jobs pay $500,000 a year in the US?

In the US, Compensation Managers typically do not earn $500,000 annually; such high salaries are more common in executive roles like CEOs, investment bankers, or specialized surgeons. High-paying positions often require extensive experience, advanced degrees, and leadership responsibilities. Compensation Managers earning this level are rare and usually hold senior executive or consulting roles with bonuses and stock options included.

What are the key skills and qualifications needed to thrive as a Compensation Manager, and why are they important?

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 experience and knowledge of compensation strategies and HR software are also important.

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 1% As Needed, 77% Full Time, 19% Part Time, and 3% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $112,368 per year, or $54 per hour.
Compensation Associate

Compensation Associate

Simplicity Group Holdings

Minneapolis, MN • On-site

$60K - $65K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago

Job description

Position: Compensation Associate

Reports to: Commissions Manager

Department: Simplicity Investments

Location: 3600 American Boulevard W, Suite 700, Minneapolis, MN / full-time, in-office

Classification: Full-time, Exempt

Summary / Job Objective: We are currently seeking a highly detail-oriented individual to join our fast-growing team as a full-time Compensation Associate.

Primary Responsibilities:

· Prepare and process daily compensation data, including statements and payout cycles, using standard templates or third-party systems

· Reconcile financial records and resolve discrepancies to ensure accurate and balanced ledger entries

· Maintain accurate client and compensation records, including setup, review, and electronic documentation of financial accounts

· Respond to and resolve compensation-related inquiries from internal team members and external financial professionals in a timely and professional manner.

· Ensure data integrity and compliance by reviewing, storing, and auditing compensation documentation

· Support audit readiness by preparing and organizing documentation for third-party financial audits

Qualifications:

· Background in finance, insurance, or accounting is preferred

· Industry Knowledge – Brings relevant background in finance, insurance, or accounting to support role effectiveness

· Willingness to work extended hours during peak processing periods

Core Competencies:

· Communication – Demonstrates strong verbal and written communication skills, with the ability to interact professionally across all levels

· Customer Service – Provides excellent service and support with a positive, solution-oriented approach

· Organization & Time Management – Effectively manages multiple tasks and deadlines in a fast-paced, high-volume environment

· Attention to Detail – Maintains accuracy and precision in work, particularly when handling numerical or financial data

· Team Collaboration – Works effectively both independently and as part of a team to achieve shared goals

· Analytical Thinking – Applies strong problem-solving skills to identify, analyze, and resolve issues

· Numerical Proficiency – Comfortable working with numbers and performing financial calculations

· Adaptability – Remains flexible and maintains a positive attitude in response to shifting priorities or high-pressure situations

· Resilience & Reliability – Performs steadily under pressure and is willing to commit extra time during peak periods

Compensation & Benefits

Compensation (based on experience)

· Annual base salary: $60,000 - $65,000, exempt

· Annual performance bonus target: 5%

Benefits

· Employee benefits (medical, dental, vision, life insurance, other)

· 401k with employer match

· Paid Time Off

Location: 3600 American Boulevard W, Suite 700, Minneapolis, MN / full-time, in-office

Company Description

Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning solutions. Simplicity Group and its wholly-owned Broker-Dealer, partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, disability, and long-term care protection in support of a holistic financial strategy.
Through its vast distribution network of insurance, wealth, and institutional channels, Simplicity Group has assisted with the placement of more than $10 billion of insurance assets and has $10 billion of assets under management and advisement as of Q4 2024. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses. Simplicity Group has over 1,200 employees and 90 operating subsidiaries. Simplicity Group is owned by two of the leading San Francisco-based financial and tech-enabled services private equity firms and by its operating Partners, who help drive the company’s day-to-day business.
For more information, please visit simplicitygroup.com.