Compensation And Benefits Manager salary in Latvia

Average Yearly Salary of Compensation And Benefits Manager in Latvia is approximately 51,798 EUR (51,632 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 And Benefits Manager do?

A compensation and benefits manager is responsible for overseeing the design, implementation, and management of an organization's employee compensation and benefits programs. They analyze market trends and industry benchmarks to ensure competitive salary structures, develop and administer performance-based incentive plans, and manage employee benefits packages such as health insurance, retirement plans, and paid time off. They collaborate with HR teams to develop and update policies and procedures related to compensation and benefits, ensuring compliance with legal requirements.

Skills: Compensation management, Benefits administration, Salary analysis, Incentive planning, Employee benefits, HR compliance.
Job industry: Human resources

How much does Compensation And Benefits Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Compensation And Benefits Manager a well paid job?

Yes, our data show that Compensation And Benefits Manager is a very 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 And Benefits Manager?

High salary for Compensation And Benefits Manager would be somewhere between 56,978 EUR and 75,107 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Compensation And Benefits Manager in Latvia?

Living in Latvia the approximate monthly expenses are: 860 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: 51,798 EUR
Estimated Monthly Salary: 4,317 EUR
Estimated Weekly Salary: 996 EUR per week
Estimated Hourly Salary: 25 EUR per hour
By working as Compensation And Benefits Manager a person can save up to 3,443 USD per month or 41,312 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 Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
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 And Benefits Manager

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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