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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: 7,540,309 NGN
Estimated Monthly Salary: 628,359 NGN
Estimated Weekly Salary: 145,006 NGN per week
Estimated Hourly Salary: 3,625 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 604,985 NGN
Estimated Weekly Salary: 139,612 NGN per week
Estimated Hourly Salary: 3,490 NGN per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 8,957 USD
Estimated Monthly Salary: 746 USD
Estimated Weekly Salary: 172 USD per week
Estimated Hourly Salary: 4 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: 7,540,309 NGN
Estimated Monthly Salary: 628,359 NGN
Estimated Weekly Salary: 145,006 NGN per week
Estimated Hourly Salary: 3,625 NGN per hour
By working as Compensation Consultant a person can save up to 541 USD per month or 6,490 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 Nigeria, see costs of living in Nigeria.
Estimated Yearly Salary for Compensation Consultant
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Rehabilitation aide (2,201,188 NGN per year, pre-tax.)
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Senior environmental health safety (ehs), engineer (5,541,110 NGN per year, pre-tax.)
Sales and marketing coordinator (3,840,584 NGN per year, pre-tax.)
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Compensation Consultant salary in Nigeria
Average Yearly Salary of Compensation Consultant in Nigeria is approximately 7,540,309 NGN (8,957 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: 7,540,309 NGN
Estimated Monthly Salary: 628,359 NGN
Estimated Weekly Salary: 145,006 NGN per week
Estimated Hourly Salary: 3,625 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,259,824 NGNEstimated Monthly Salary: 604,985 NGN
Estimated Weekly Salary: 139,612 NGN per week
Estimated Hourly Salary: 3,490 NGN 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: 8,957 USD
Estimated Monthly Salary: 746 USD
Estimated Weekly Salary: 172 USD per week
Estimated Hourly Salary: 4 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
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Consultant job salary compared to average salary in Nigeria.
Comparison shows that a person working as Compensation Consultant in Nigeria earns on average:
1.91 times the average salary (or 191% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Compensation Consultant job salary compared to average salary in Nigeria.
Comparison shows that a person working as Compensation Consultant in Nigeria 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 8,294,340 NGN and 10,933,448 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Compensation Consultant in Nigeria?
Living in Nigeria the approximate monthly expenses are: 206 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: 7,540,309 NGN
Estimated Monthly Salary: 628,359 NGN
Estimated Weekly Salary: 145,006 NGN per week
Estimated Hourly Salary: 3,625 NGN per hour
By working as Compensation Consultant a person can save up to 541 USD per month or 6,490 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 Nigeria, see costs of living in Nigeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Niger, Chad, Cameroon, Benin. 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
Cameroon is 2,898 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 Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Rehabilitation aide (2,201,188 NGN per year, pre-tax.)
Engineering lab assistant (2,136,917 NGN per year, pre-tax.)
Senior environmental health safety (ehs), engineer (5,541,110 NGN per year, pre-tax.)
Sales and marketing coordinator (3,840,584 NGN per year, pre-tax.)
Key account representative (4,598,353 NGN per year, pre-tax.)
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