Home > Salary > Latvia > Compensation Consultant
A compensation consultant is a professional who specializes in designing and implementing compensation and benefits programs for organizations. They analyze market data, industry trends, and internal policies to ensure that the compensation packages offered by a company are competitive and aligned with its strategic objectives. Compensation consultants conduct job evaluations, salary surveys, and benchmarking studies to determine appropriate salary ranges and bonus structures. They also provide guidance on incentive plans, executive compensation, and performance-based rewards.
Estimated Yearly Salary: 37,724 EUR
Estimated Monthly Salary: 3,144 EUR
Estimated Weekly Salary: 725 EUR per week
Estimated Hourly Salary: 18 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,027 EUR
Estimated Weekly Salary: 699 EUR per week
Estimated Hourly Salary: 17 EUR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 37,739 USD
Estimated Monthly Salary: 3,145 USD
Estimated Weekly Salary: 726 USD per week
Estimated Hourly Salary: 18 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: 37,724 EUR
Estimated Monthly Salary: 3,144 EUR
Estimated Weekly Salary: 725 EUR per week
Estimated Hourly Salary: 18 EUR per hour
By working as Compensation Consultant a person can save up to 2,285 USD per month or 27,419 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.
Estimated Yearly Salary for Compensation Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Compensation Consultant salary in Latvia
Average Yearly Salary of Compensation Consultant in Latvia is approximately 37,724 EUR (37,739 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 Consultant do?
A compensation consultant is a professional who specializes in designing and implementing compensation and benefits programs for organizations. They analyze market data, industry trends, and internal policies to ensure that the compensation packages offered by a company are competitive and aligned with its strategic objectives. Compensation consultants conduct job evaluations, salary surveys, and benchmarking studies to determine appropriate salary ranges and bonus structures. They also provide guidance on incentive plans, executive compensation, and performance-based rewards.
Skills: compensation consultant, compensation analysis, benefits programs, salary surveys, job evaluations, incentive plans.
Job industry: Human resources
Job industry: Human resources
How much does Compensation Consultant make?
Salary details
How much does Compensation Consultant make?Estimated Yearly Salary: 37,724 EUR
Estimated Monthly Salary: 3,144 EUR
Estimated Weekly Salary: 725 EUR per week
Estimated Hourly Salary: 18 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 36,324 EUREstimated Monthly Salary: 3,027 EUR
Estimated Weekly Salary: 699 EUR per week
Estimated Hourly Salary: 17 EUR per hour
Last revision of data: 2024-01-02Compensation Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 37,739 USD
Estimated Monthly Salary: 3,145 USD
Estimated Weekly Salary: 726 USD per week
Estimated Hourly Salary: 18 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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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Consultant job salary compared to average salary in Latvia.
Comparison shows that a person working as Compensation Consultant in Latvia earns on average:
1.93 times the average salary (or 193% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Consultant job salary compared to average salary in Latvia.
Comparison shows that a person working as Compensation Consultant in Latvia earns on average:
1.93 times the average salary (or 193% of average salary).
Is Compensation Consultant a well paid job?
Yes, our data shows that Compensation Consultant 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 Consultant?
High salary for Compensation Consultant would be somewhere between 41,496 EUR and 54,700 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Compensation Consultant 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: 37,724 EUR
Estimated Monthly Salary: 3,144 EUR
Estimated Weekly Salary: 725 EUR per week
Estimated Hourly Salary: 18 EUR per hour
By working as Compensation Consultant a person can save up to 2,285 USD per month or 27,419 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 Consultant
Estonia is 48,434 USD
Russia is 22,485 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 Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Pool maintenance repair worker (10,761 EUR per year, pre-tax.)
Sap sd functional analyst (31,872 EUR per year, pre-tax.)
Academic writer (18,152 EUR per year, pre-tax.)
Music editor (18,152 EUR per year, pre-tax.)
Jewelry design store manager (23,754 EUR per year, pre-tax.)
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Salary details presented on optisalary.com are intended for reference use exclusively. Our data is sourced through multiple inputs and may not necessarily be up to date. Users must cross-reference salary information through other means before making financial decisions. The figures shown here may change due to variables such as company policies, experience levels, and demand shifts. We do not guarantee that the data displayed is flawless. By accessing optisalary.com, you agree that salary information is presented 'as is' and without assurances.
Salary details presented on optisalary.com are intended for informational purposes exclusively. Our data comes from various sources and may not always be accurate. Users must verify salary information independently before making employment commitments. The figures listed here may fluctuate due to variables such as company policies, experience levels, and demand shifts. We cannot guarantee that the data provided is flawless. By accessing optisalary.com, you agree that salary information is offered 'as is' and without warranties.