Manager Compensation salary in Latvia

Average Yearly Salary of Manager Compensation in Latvia is approximately 48,166 EUR (48,212 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 Manager Compensation do?

The occupation of a Manager Compensation involves overseeing and managing the compensation programs within an organization. This role requires a deep understanding of compensation practices, policies, and regulations to ensure fair and competitive compensation for employees. The Manager Compensation is responsible for designing, implementing, and administering various compensation plans, including salary structures, bonus programs, and incentive schemes. They analyze market data and benchmarking information to make recommendations for salary adjustments and ensure alignment with industry standards. Additionally, they collaborate with HR teams and senior management to develop and communicate compensation strategies, policies, and guidelines. The Manager Compensation also plays a crucial role in conducting salary surveys, job evaluations, and performance reviews to determine appropriate compensation levels. This position requires strong analytical skills, attention to detail, and excellent communication and negotiation abilities.

Skills: Compensation Manager, Compensation Analyst, Salary Administration, Compensation Strategy, Compensation Planning, Total Rewards
Job industry: Human resources

How much does Manager Compensation make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Manager Compensation a well paid job?

Yes, our data show that Manager Compensation 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 Manager Compensation?

High salary for Manager Compensation would be somewhere between 52,983 EUR and 69,841 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Manager Compensation 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: 48,166 EUR
Estimated Monthly Salary: 4,014 EUR
Estimated Weekly Salary: 926 EUR per week
Estimated Hourly Salary: 23 EUR per hour
By working as Manager Compensation a person can save up to 3,158 USD per month or 37,892 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 Manager Compensation

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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