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Compensation Manager Jobs in New Mexico (NOW HIRING)

TECO

Manager, Compensation & Benefits

Albuquerque, NM · On-site

$125K - $157K/yr

The Manager, Compensation & Benefits position pays between $125,600 and $157,000, and placement is based on skills, experience and education of the successful candidate. About This Opportunity New ...

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Compensation Manager information

See New Mexico salary details

$34.4K

$111.2K

$164.3K

How much do compensation manager jobs pay per year?

As of Aug 9, 2026, the average yearly pay for compensation manager in New Mexico is $111,182.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,000.00 and $128,400.00 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 New Mexico? The most popular types of Compensation jobs in New Mexico are:
What are popular job titles related to Compensation Manager jobs in New Mexico? For Compensation Manager jobs in New Mexico, the most frequently searched job titles are:
What job categories do people searching Compensation Manager jobs in New Mexico look for? The top searched job categories for Compensation Manager jobs in New Mexico are:
What cities in New Mexico are hiring for Compensation Manager jobs? Cities in New Mexico with the most Compensation Manager job openings:
Compensation Manager jobs near you
Infographic showing various Compensation Manager job openings in New Mexico as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $111,182 per year, or $53.5 per hour.

Manager, Compensation & Benefits

TECO

Albuquerque, NM • On-site

$125K - $157K/yr

Other

Medical, Dental, Vision, Retirement

Posted 26 days ago

Job description

This position will be open to internal and external candidates and will close on Wednesday, August 5, 2026. 

The Manager, Compensation & Benefits position pays between $125,600 and $157,000, and placement is based on skills, experience and education of the successful candidate. 

About This Opportunity

New Mexico Gas Company is seeking an experienced Manager of Compensation & Benefits to lead the design, implementation, and administration of our comprehensive total rewards programs. In this role you will have the opportunity to shape and enhance total rewards strategy and lead a team that delivers exceptional service to our employees while ensuring our total rewards program is competitive, compliant, aligned with organizational goals and promotes employee engagement and retention.

The ideal candidate has a collaborative and forward-thinking mindset, deep expertise in compensation structures, benefits management, data analytics, and regulatory compliance, along with strong leadership and communication skills.

Primary Duties and Responsibilities
This list does not reflect the job duties in their entirety

  • Compensation 
    • Manage the implementation and administration of compensation and total rewards programs, including salary structures, incentive and bonus plans, market benchmarking, and salary surveys to ensure competitive positioning.
    • Partner with leadership on workforce planning, pay and promotion decisions while maintaining job descriptions, job classifications, organizational structures, pay grades, and compensation policies to ensure internal equity and external market competitiveness across all roles.
  • Benefits Administration
    • Manage the administration and continuous improvement of comprehensive employee benefits and wellness programs, including health, dental, vision, retirement, leave, and wellbeing offerings, ensuring alignment with organizational goals and workforce needs.
    • Lead vendor management, invoice reconciliation, contract negotiations, and renewal processes while overseeing annual open enrollment, employee communications, and benefits education to maximize program value, engagement, and employee experience.
  • Compliance & Governance
    • Oversee weekly, monthly and annual audits and maintain accurate documentation of policies, procedures, and reporting requirements while ensuring compliance with federal, state, and local laws (e.g., FLSA, ERISA, ACA, HWA, FMLA, ADA)
    • Monitor changes in legislation and adjust programs accordingly
  • Analytics & Reporting
    • Analyze compensation and benefits data to identify trends, risks, and opportunities and prepare reports and dashboards for executive leadership
    • Support budgeting and forecasting related to total rewards programs
  • Leadership & Collaboration
    • Ensure alignment with leadership and finance on compensation and benefits strategies
    • Lead and develop a team of 2-4 HR professionals

Successful Candidate Must Have

  • Bachelor's degree in Human Resources, Business, or related field
  • A valid Driver's License
  • Eight (8) years of progressive Human Resources management experience, including at least five (5) years of direct experience administering compensation and benefits programs
  • Three (3) years of supervisory experience
  • Preferences:
    • Master's degree
    • One or more of the following: PHR (Professional in Human Resources), SHRM-CP/SCP, CCP (Certified Compensation Professional), CBP (Certified Benefits Professional), or other HR-related professional certification(s)
    • Experience in managing benefits administration, compensation frameworks and job evaluation methodologies
    • Experience with HRIS systems and compensation tools

Working Conditions

Normal office environment. Occasional field visits where travel is required. Field visits may require personal protective equipment, including but not limitied to: safety glasses, puncture resistant boots, hard hat. May be required to work overtime and weekends, depending on business need. 

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