Home > Salary > Colombia > Compensation Specialist
A compensation specialist is responsible for designing, implementing, and managing an organization's compensation and benefits programs. They analyze salary data, market trends, and industry benchmarks to ensure that the company's compensation packages are competitive and aligned with the overall business strategy. Compensation specialists also develop and administer performance-based incentive plans, evaluate job positions, and conduct salary surveys. They collaborate with HR teams to ensure compliance with legal requirements and internal policies, and provide guidance to managers and employees on compensation-related matters. Additionally, they may be involved in conducting research and analysis to support the development of compensation policies and practices.
Estimated Yearly Salary: 36,469,310 COP
Estimated Monthly Salary: 3,039,109 COP
Estimated Weekly Salary: 701,333 COP per week
Estimated Hourly Salary: 17,533 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,935,330 COP
Estimated Weekly Salary: 677,384 COP per week
Estimated Hourly Salary: 16,935 COP per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 8,100 USD
Estimated Monthly Salary: 675 USD
Estimated Weekly Salary: 156 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 36,469,310 COP
Estimated Monthly Salary: 3,039,109 COP
Estimated Weekly Salary: 701,333 COP per week
Estimated Hourly Salary: 17,533 COP per hour
By working as Compensation Specialist a person can save up to 415 USD per month or 4,975 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Compensation Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Compensation Specialist salary in Colombia
Average Yearly Salary of Compensation Specialist in Colombia is approximately 36,469,310 COP (8,100 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Compensation Specialist do?
A compensation specialist is responsible for designing, implementing, and managing an organization's compensation and benefits programs. They analyze salary data, market trends, and industry benchmarks to ensure that the company's compensation packages are competitive and aligned with the overall business strategy. Compensation specialists also develop and administer performance-based incentive plans, evaluate job positions, and conduct salary surveys. They collaborate with HR teams to ensure compliance with legal requirements and internal policies, and provide guidance to managers and employees on compensation-related matters. Additionally, they may be involved in conducting research and analysis to support the development of compensation policies and practices.
Skills: compensation specialist, compensation management, benefits administration, salary analysis, performance-based incentives, HR compliance.
Job industry: Human resources
Job industry: Human resources
How much does Compensation Specialist make?
Salary details
How much does Compensation Specialist make?Estimated Yearly Salary: 36,469,310 COP
Estimated Monthly Salary: 3,039,109 COP
Estimated Weekly Salary: 701,333 COP per week
Estimated Hourly Salary: 17,533 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 35,223,965 COPEstimated Monthly Salary: 2,935,330 COP
Estimated Weekly Salary: 677,384 COP per week
Estimated Hourly Salary: 16,935 COP per hour
Last revision of data: 2024-01-03Compensation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,100 USD
Estimated Monthly Salary: 675 USD
Estimated Weekly Salary: 156 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Specialist job salary compared to average salary in Colombia.
Comparison shows that a person working as Compensation Specialist in Colombia earns on average:
1.35 times the average salary (or 135% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Specialist job salary compared to average salary in Colombia.
Comparison shows that a person working as Compensation Specialist in Colombia earns on average:
1.35 times the average salary (or 135% of average salary).
Is Compensation Specialist a well paid job?
Yes, our data shows that Compensation Specialist is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Compensation Specialist?
High salary for Compensation Specialist would be somewhere between 40,116,241 COP and 52,880,500 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Compensation Specialist in Colombia?
Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 36,469,310 COP
Estimated Monthly Salary: 3,039,109 COP
Estimated Weekly Salary: 701,333 COP per week
Estimated Hourly Salary: 17,533 COP per hour
By working as Compensation Specialist a person can save up to 415 USD per month or 4,975 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Compensation Specialist
Ecuador is 7,829 USD
Brazil is 10,128 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Data as of 2025Random salary:
Ventriloquist (25,006,799 COP per year, pre-tax.)
Health data analyst (39,049,181 COP per year, pre-tax.)
Back waiter (9,287,754 COP per year, pre-tax.)
Aml analyst (20,719,501 COP per year, pre-tax.)
Information security officer (45,010,080 COP per year, pre-tax.)
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