Compensation Specialist salary in Monaco

Average Yearly Salary of Compensation Specialist in Monaco is approximately 230,769 EUR (230,655 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 Specialist do?

A compensation specialist is responsible for designing, implementing, and managing an organization's compensation and benefits programs. They analyze salary data, market trends, and industry benchmarks to ensure that the company's compensation packages are competitive and aligned with the overall business strategy. Compensation specialists also develop and administer performance-based incentive plans, evaluate job positions, and conduct salary surveys. They collaborate with HR teams to ensure compliance with legal requirements and internal policies, and provide guidance to managers and employees on compensation-related matters. Additionally, they may be involved in conducting research and analysis to support the development of compensation policies and practices.

Skills: compensation specialist, compensation management, benefits administration, salary analysis, performance-based incentives, HR compliance.
Job industry: Human resources

How much does Compensation Specialist make?

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


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Salary comparison to National average

Is Compensation Specialist a well paid job?

Yes, our data shows that Compensation Specialist 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 Specialist?

High salary for Compensation Specialist would be somewhere between 253,846 EUR and 334,615 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Compensation Specialist 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: 230,769 EUR
Estimated Monthly Salary: 19,231 EUR
Estimated Weekly Salary: 4,438 EUR per week
Estimated Hourly Salary: 111 EUR per hour
By working as Compensation Specialist a person can save up to 11,778 USD per month or 141,337 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 Specialist

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.

Top 10 highest salaries in Monaco

Data as of 2025

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