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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: 325,048 EUR
Estimated Monthly Salary: 27,087 EUR
Estimated Weekly Salary: 6,251 EUR per week
Estimated Hourly Salary: 156 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 26,199 EUR
Estimated Weekly Salary: 6,046 EUR per week
Estimated Hourly Salary: 151 EUR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 326,155 USD
Estimated Monthly Salary: 27,180 USD
Estimated Weekly Salary: 6,272 USD per week
Estimated Hourly Salary: 157 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: 325,048 EUR
Estimated Monthly Salary: 27,087 EUR
Estimated Weekly Salary: 6,251 EUR per week
Estimated Hourly Salary: 156 EUR per hour
By working as Compensation Consultant a person can save up to 19,736 USD per month or 236,837 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 Monaco, see costs of living in Monaco.
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 Monaco
Average Yearly Salary of Compensation Consultant in Monaco is approximately 325,048 EUR (326,155 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: 325,048 EUR
Estimated Monthly Salary: 27,087 EUR
Estimated Weekly Salary: 6,251 EUR per week
Estimated Hourly Salary: 156 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 314,382 EUREstimated Monthly Salary: 26,199 EUR
Estimated Weekly Salary: 6,046 EUR per week
Estimated Hourly Salary: 151 EUR per hour
Last revision of data: 2024-01-05Compensation Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 326,155 USD
Estimated Monthly Salary: 27,180 USD
Estimated Weekly Salary: 6,272 USD per week
Estimated Hourly Salary: 157 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
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Consultant job salary compared to average salary in Monaco.
Comparison shows that a person working as Compensation Consultant in Monaco earns on average:
1.91 times the average salary (or 191% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Consultant job salary compared to average salary in Monaco.
Comparison shows that a person working as Compensation Consultant in Monaco earns on average:
1.91 times the average salary (or 191% 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 357,553 EUR and 471,320 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Compensation Consultant in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 325,048 EUR
Estimated Monthly Salary: 27,087 EUR
Estimated Weekly Salary: 6,251 EUR per week
Estimated Hourly Salary: 156 EUR per hour
By working as Compensation Consultant a person can save up to 19,736 USD per month or 236,837 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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
France is 80,060 USD
Italy is 65,681 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 Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Executive creative director (636,877 EUR per year, pre-tax.)
Senior communications specialist (214,602 EUR per year, pre-tax.)
Senior program analyst it (366,728 EUR per year, pre-tax.)
Geographic information systems (gis), mapper (103,442 EUR per year, pre-tax.)
Chief building inspector (231,704 EUR per year, pre-tax.)
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