Home > Salary > Latvia > Compensation Manager
A compensation manager is responsible for designing, implementing, and managing an organization's compensation and benefits programs. They analyze market data to determine competitive salary ranges, develop incentive plans, and ensure compliance with legal requirements. Additionally, they evaluate job positions, conduct salary surveys, and make recommendations on pay adjustments. Compensation managers also collaborate with HR teams to establish policies and procedures related to compensation, and provide guidance on salary negotiations and employee benefits.
Estimated Yearly Salary: 43,056 EUR
Estimated Monthly Salary: 3,588 EUR
Estimated Weekly Salary: 828 EUR per week
Estimated Hourly Salary: 21 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,476 EUR
Estimated Weekly Salary: 802 EUR per week
Estimated Hourly Salary: 20 EUR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 43,259 USD
Estimated Monthly Salary: 3,605 USD
Estimated Weekly Salary: 832 USD per week
Estimated Hourly Salary: 21 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 43,056 EUR
Estimated Monthly Salary: 3,588 EUR
Estimated Weekly Salary: 828 EUR per week
Estimated Hourly Salary: 21 EUR per hour
By working as Compensation Manager a person can save up to 2,745 USD per month or 32,939 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 Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Psychiatric aide (12,384 EUR per year, pre-tax.)
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Compensation Manager salary in Latvia
Average Yearly Salary of Compensation Manager in Latvia is approximately 43,056 EUR (43,259 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 Manager do?
A compensation manager is responsible for designing, implementing, and managing an organization's compensation and benefits programs. They analyze market data to determine competitive salary ranges, develop incentive plans, and ensure compliance with legal requirements. Additionally, they evaluate job positions, conduct salary surveys, and make recommendations on pay adjustments. Compensation managers also collaborate with HR teams to establish policies and procedures related to compensation, and provide guidance on salary negotiations and employee benefits.
Skills: Compensation management, Salary analysis, Benefits administration, Job evaluation, Payroll compliance, Employee compensation.
Job industry: Human resources
Job industry: Human resources
How much does Compensation Manager make?
Salary details
How much does Compensation Manager make?Estimated Yearly Salary: 43,056 EUR
Estimated Monthly Salary: 3,588 EUR
Estimated Weekly Salary: 828 EUR per week
Estimated Hourly Salary: 21 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 41,714 EUREstimated Monthly Salary: 3,476 EUR
Estimated Weekly Salary: 802 EUR per week
Estimated Hourly Salary: 20 EUR per hour
Last revision of data: 2024-01-07Compensation Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 43,259 USD
Estimated Monthly Salary: 3,605 USD
Estimated Weekly Salary: 832 USD per week
Estimated Hourly Salary: 21 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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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 Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Compensation Manager in Latvia earns on average:
2.2 times the average salary (or 220% 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 Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Compensation Manager in Latvia earns on average:
2.2 times the average salary (or 220% of average salary).
Is Compensation Manager a well paid job?
Yes, our data show that Compensation 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 Manager?
High salary for Compensation Manager would be somewhere between 47,362 EUR and 62,431 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Compensation 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: 43,056 EUR
Estimated Monthly Salary: 3,588 EUR
Estimated Weekly Salary: 828 EUR per week
Estimated Hourly Salary: 21 EUR per hour
By working as Compensation Manager a person can save up to 2,745 USD per month or 32,939 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 Manager
Estonia is 55,508 USD
Russia is 25,836 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:
Psychiatric aide (12,384 EUR per year, pre-tax.)
Crm technical developer (22,647 EUR per year, pre-tax.)
Analytical lab technician (16,170 EUR per year, pre-tax.)
General manager hotel (24,607 EUR per year, pre-tax.)
Web operations specialist (14,867 EUR per year, pre-tax.)
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