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Compensation Manager Jobs in Monroe, CT (NOW HIRING)

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Compensation Manager information

See Monroe, CT salary details

$35.3K

$114K

$168.4K

How much do compensation manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for compensation manager in Monroe, CT is $114,007.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,400.00 and $131,700.00 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 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 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.

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 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.
More about Compensation Manager jobs

What cities near Monroe, CT are hiring for Compensation Manager jobs?

Cities near Monroe, CT with the most Compensation Manager job openings:

Compensation Manager jobs near you
Infographic showing various Compensation Manager job openings in Monroe, CT as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $114,007 per year, or $54.8 per hour.

Compensation Associate - Rewards Data Intelligence

Willis Towers Watson

Stamford, CT • On-site

$68K - $85K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 hours ago

Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

38th of 151 rated financial services

Job description


Shaping the Future of Pay in Financial Services
At WTW we are a global network of senior HR and Compensation consultants serving top financial services clients. With deep industry expertise, we deliver compensation surveys, advanced analytics, market practice insights, and integrated solutions that help organizations design and manage competitive pay programs.
The Role
As a Compensation Associate, you will manage multiple survey projects and contribute to high-profile consulting engagements within our Global Financial Services Industry group. This is a unique opportunity to influence compensation strategies across leading financial institutions worldwide.
What You will Do
  • Manage the full compensation survey cycle from launch to report delivery, ensuring accuracy, quality, and timely results
  • Serve as the primary client contact, leading job matching sessions and resolving data issues
  • Deliver clear insights that strengthen client relationships and drive survey participation
  • Analyze large datasets and interpret compensation trends
  • Prepare impactful reports and presentations
  • Support bespoke consulting projects, including benchmarking, incentive plan design, and regulatory updates
  • Contribute to broader initiatives such as industry research, training, and business development

This hybrid role is based in Stamford, CT, with the team currently meeting in office two days per week. This practice reflects our current team approach and may evolve based on future business needs.
Qualifications
The Requirements
  • 1-3 years of compensation survey experience
  • Bachelor's degree or equivalent experience
  • Corporate exposure through internships, part-time roles, or related education
  • Willingness to travel occasionally for client meetings

Skills
  • Strong analytical and project management abilities
  • Exceptional organizational and time management skills
  • Excellent oral, written, and presentation communication skills
  • High attention to detail and commitment to quality
  • Ability to work independently and collaboratively as part of a team
  • Results-driven mindset focused on business success
  • Proficiency in databases and Microsoft Office (Excel, PowerPoint, Word); advanced Excel skills preferred

Preferred Qualifications
  • Background in Human Resources or prior consulting experience
  • Advanced Excel expertise (statistical analysis, graphs, lookups, formulas)
  • Experience working with global financial services clients
  • Familiarity with compensation program design and market practice reporting

Why Join Us
  • Global Reach, Local Impact: Partner with top-tier financial services clients across international markets.
  • Cutting-Edge Projects: Contribute to industry-leading compensation studies and analytics that shape business decisions.
  • Collaborative Culture: Work alongside senior professionals who value mentorship, innovation, and knowledge-sharing.
  • Career Growth: Gain exposure to high-profile consulting projects and expand your expertise in compensation strategy.
  • Meaningful Work: Help organizations design fair, competitive pay programs that drive employee engagement and success.

Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $68,000 to $85,000 USD per year.
The role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off
  • Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified
EOE, including disability/vets

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