Compensation and Benefits Manager Average Salary in Colombia 2024
How much money does a person working as Compensation and Benefits Manager make in Colombia?
LOW
3,220,000
COP AVERAGE
6,190,000
COP HIGH
9,480,000
COP
A person working as Compensation and Benefits Manager in Colombia typically earns around 6,190,000 COP. Salaries range from 3,220,000 COP (lowest) to 9,480,000 COP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Compensation and Benefits Manager salaries in Colombia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Compensation and Benefits Manager Pay Scale and Salaries in Colombia
Salary Structure and Pay Scale Comparison
5,610,000 COP or more
5,000,000 to 5,610,000 COP
3,650,000 COP or less
3,650,000 to 5,000,000 COP
 3,220,000 COP |
5,630,000 COP |
9,480,000 COP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Compensation and Benefits Manager in Colombia range from 3,220,000 COP (starting salary) to 9,480,000 COP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 5,630,000 COP, half of the professionals who work as Compensation and Benefits Manager in Colombia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Compensation and Benefits Manager in Colombia earn less than 4,670,000 COP, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,390,000 COP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Compensation and Benefits Manager in Colombia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,650,000 COP to 5,000,000 COP. About 20% of salaries are below the 3,650,000 COP mark, while 10% fall within the range of 5,000,000 COP to 5,610,000 COP. Only 5% of individuals have salaries exceeding 5,610,000 COP.
Salary Comparison by Years of Experience / Compensation and Benefits Manager / Colombia
How do experience and age affect pay?
| 0 - 2 Years | 3,660,000 COP | |
| 2 - 5 Years | +34% | 4,910,000 COP |
| 5 - 10 Years | +30% | 6,380,000 COP |
| 10 - 15 Years | +21% | 7,720,000 COP |
| 15 - 20 Years | +9% | 8,440,000 COP |
| 20+ Years | +5% | 8,880,000 COP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Compensation and Benefits Manager and this is what we found.
Employees with less than two years of experience earn approximately 3,660,000 COP.
While someone with an experience level between two and five years is expected to earn 4,910,000 COP, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,380,000 COP, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,720,000 COP, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 8,440,000 COP, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 8,880,000 COP, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Compensation and Benefits Manager / Colombia
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Compensation and Benefits Manager.
| Bachelor's Degree | 5,160,000 COP | |
| Master's Degree | +39% | 7,160,000 COP |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Compensation and Benefits Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 5,160,000 COP.
Level 2: Master's Degree
At this level, the average salary becomes 7,160,000 COP, 39% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Colombia costs anywhere from 23,500,000 COP to 70,600,000 COP and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Compensation and Benefits Manager / Colombia
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Compensation and Benefits Manager in Colombia, the average difference between the salary of male and female employees is 10%.
| Male | 6,550,000 COP | |
| Female | -9% | 5,950,000 COP |
Salary Comparison By Gender in Colombia for all Careers
Average Annual Salary Increment Percentage / Compensation and Benefits Manager / Colombia
How much are annual salary increments in Colombia for individuals working as Compensation and Benefits Manager? How often do employees get salary raises?
Individuals working as Compensation and Benefits Manager in Colombia are likely to observe a salary increase of approximately 11% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.
Colombia / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Compensation and Benefits Manager / Colombia
How much and how often are bonuses being awarded?
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24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 76% | |
| No Bonus | 24% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Compensation and Benefits Manager / Colombia
35,700 COP per hourThe average hourly wage (pay per hour) for individuals working as Compensation and Benefits Manager in Colombia is 35,700 COP.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Compensation and Benefits Manager in Colombia is 18,600 COP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Human Resources |  -100% | |
| Benefits Administrator | 3,010,000 COP | -51% |
| Benefits Analyst | 3,780,000 COP | -39% |
| Benefits Manager | 6,060,000 COP | -2% |
| Benefits Specialist | 3,720,000 COP | -40% |
| Chief Diversity and Inclusion Officer | 6,140,000 COP | -1% |
| Chief Happiness Officer | 6,140,000 COP | -1% |
| Chief Human Resources Officer | 7,330,000 COP |  +18% |
| Chief Listening Officer | 5,680,000 COP | -8% |
| Chief People Officer | 7,780,000 COP | +26% |
| Chief Remote Work and Collaboration Officer | 5,700,000 COP | -8% |
| Compensation Analyst | 3,760,000 COP | -39% |
| Compensation and Benefits Manager | 6,190,000 COP | -0% |
| Compensation and Benefits Officer | 2,540,000 COP | -59% |
| Compensation and Benefits Specialist | 3,720,000 COP | -40% |
| Compensation Manager | 6,020,000 COP | -3% |
| Corporate Director of Human Resources | 7,380,000 COP | +19% |
| Corporate Recruiter | 5,370,000 COP | -13% |
| Corporate Trainer | 3,650,000 COP | -41% |
| Director of Talent Acquisition | 7,450,000 COP | +20% |
| Diversity and Inclusion Specialist | 4,610,000 COP | -26% |
| Employee Benefits Administrator | 4,290,000 COP | -31% |
| Employee Benefits Consultant | 5,520,000 COP | -11% |
| Employee Benefits Coordinator | 2,270,000 COP | -63% |
| Employee Communications Manager | 5,160,000 COP | -17% |
| Employee Development Specialist | 5,170,000 COP | -17% |
| Employee Engagement Specialist | 5,210,000 COP | -16% |
| Employee Experience Manager | 5,780,000 COP | -7% |
| Employee Health and Wellness Administrator | 4,860,000 COP | -22% |
| Employee Performance Specialist | 3,660,000 COP | -41% |
| Employee Relations Analyst | 4,930,000 COP | -20% |
| Employee Relations Manager | 5,380,000 COP | -13% |
| Employee Relations Practitioner | 5,260,000 COP | -15% |
| Employee Relations Representative | 3,740,000 COP | -40% |
| Employee Relations Specialist | 5,160,000 COP | -17% |
| Employee Services Manager | 5,100,000 COP | -18% |
| Employee Services Specialist | 4,940,000 COP | -20% |
| Employee Wellness Officer | 3,900,000 COP | -37% |
| Employment Advice Worker | 2,270,000 COP | -63% |
| Employment Interviewer | 3,560,000 COP | -43% |
| Employment Relations Officer | 2,330,000 COP | -62% |
| Employment Service Specialist | 3,070,000 COP | -50% |
| Employment Services Coordinator | 3,460,000 COP | -44% |
| Enrollment Counselor | 4,960,000 COP | -20% |
| Equal Opportunity Representative | 3,710,000 COP | -40% |
| Executive Human Capital Management | 7,180,000 COP | +16% |
| Executive Recruiter | 5,150,000 COP | -17% |
| Expatriate Administration Manager | 5,210,000 COP | -16% |
| Expatriate Administration Supervisor | 3,360,000 COP | -46% |
| Global Mobility Manager | 6,640,000 COP | +7% |
| Head of Culture | 5,740,000 COP | -7% |
| Head of Human Resources | 7,040,000 COP | +14% |
| Headhunter | 4,990,000 COP | -19% |
| Health Benefits Coordinator | 2,920,000 COP | -53% |
| HRIS Analyst | 2,640,000 COP | -57% |
| HRIS Manager | 4,470,000 COP | -28% |
| HRIS Officer | 2,310,000 COP | -63% |
| HRIS Supervisor | 2,430,000 COP | -61% |
| Human Resources Administration Specialist | 2,850,000 COP | -54% |
| Human Resources Administrative Assistant | 2,140,000 COP | -65% |
| Human Resources Administrative Coordinator | 3,090,000 COP | -50% |
| Human Resources Administrator | 3,090,000 COP | -50% |
| Human Resources Advisor | 4,770,000 COP | -23% |
| Human Resources Analyst | 4,100,000 COP | -34% |
| Human Resources Assessor | 2,800,000 COP | -55% |
| Human Resources Assistant | 1,910,000 COP | -69% |
| Human Resources Assistant Manager | 5,600,000 COP | -10% |
| Human Resources Associate | 1,950,000 COP | -69% |
| Human Resources Compliance Officer | 4,750,000 COP | -23% |
| Human Resources Consultant | 5,560,000 COP | -10% |
| Human Resources Coordinator | 2,250,000 COP | -64% |
| Human Resources Data Analytics Manager | 4,190,000 COP | -32% |
| Human Resources Data Scientist | 4,390,000 COP | -29% |
| Human Resources Deputy Manager | 5,390,000 COP | -13% |
| Human Resources Development Manager | 6,320,000 COP | +2% |
| Human Resources Director | 7,790,000 COP | +26% |
| Human Resources Executive | 5,160,000 COP | -17% |
| Human Resources Generalist | 3,900,000 COP | -37% |
| Human Resources Manager | 7,330,000 COP | +18% |
| Human Resources Officer | 2,900,000 COP | -53% |
| Human Resources Recruiter | 5,410,000 COP | -13% |
| Human Resources Representative | 2,780,000 COP | -55% |
| Human Resources Section Head | 4,860,000 COP | -22% |
| Human Resources Services Manager | 6,080,000 COP | -2% |
| Human Resources Shared Services Manager | 5,070,000 COP | -18% |
| Human Resources Specialist | 3,790,000 COP | -39% |
| Human Resources Superintendent | 2,800,000 COP | -55% |
| Human Resources Systems Administrator | 3,810,000 COP | -38% |
| Human Resources Technology Consultant | 4,440,000 COP | -28% |
| Human Resources Training Executive | 5,070,000 COP | -18% |
| Human Resources Transformation Consultant | 4,840,000 COP | -22% |
| Human Resources Vice President | 7,510,000 COP | +21% |
| Industrial Organizational Psychologist | 6,190,000 COP | -0% |
| Job Evaluation Specialist | 5,070,000 COP | -18% |
| Labor Relations Director | 5,810,000 COP | -6% |
| Labor Relations Manager | 6,080,000 COP | -2% |
| Labor Relations Specialist | 2,600,000 COP | -58% |
| Learning and Development Manager | 6,350,000 COP | +3% |
| Learning and Development Specialist | 4,210,000 COP | -32% |
| Occupational Health and Safety Officer | 2,800,000 COP | -55% |
| Organizational Development Consultant | 5,640,000 COP | -9% |
| Organizational Development Manager | 6,520,000 COP | +5% |
| Organizational Development Specialist | 3,330,000 COP | -46% |
| Payroll Assistant | 2,430,000 COP | -61% |
| Payroll Supervisor | 2,890,000 COP | -53% |
| People Development Officer | 3,830,000 COP | -38% |
| People Operations Analyst | 4,920,000 COP | -21% |
| Personnel Officer | 2,030,000 COP | -67% |
| Personnel Recruiter | 4,930,000 COP | -20% |
| Records Clerk | 1,940,000 COP | -69% |
| Records Manager | 3,010,000 COP | -51% |
| Recruiter | 5,000,000 COP | -19% |
| Recruiting Coordinator | 2,670,000 COP | -57% |
| Recruiting Manager | 7,020,000 COP | +13% |
| Recruitment Consultant | 5,140,000 COP | -17% |
| Recruitment Officer | 2,710,000 COP | -56% |
| Recruitment Supervisor | 4,090,000 COP | -34% |
| Remote Collaboration Consultant | 3,860,000 COP | -38% |
| Remote Work Compliance Manager | 5,470,000 COP | -12% |
| Remote Work Coordinator | 3,450,000 COP | -44% |
| Remote Work Manager | 4,820,000 COP | -22% |
| Research Associate | 2,310,000 COP | -63% |
| SAP Resource Manager | 5,110,000 COP | -17% |
| Talent Acquisition Manager | 6,870,000 COP | +11% |
| Talent Acquisition Specialist | 4,140,000 COP | -33% |
| Talent Brand Manager | 5,890,000 COP | -5% |
| Talent Management Officer | 3,340,000 COP | -46% |
| Technical Recruiter | 3,170,000 COP | -49% |
| Training Administrator | 2,810,000 COP | -55% |
| Training and Development Manager | 6,470,000 COP | +4% |
| Training and Development Section Head | 5,000,000 COP | -19% |
| Training Executive | 5,690,000 COP | -8% |
| Training Manager | 6,100,000 COP | -2% |
| Training Officer | 2,420,000 COP | -61% |
| Training Specialist | 3,960,000 COP | -36% |
| Workforce Planning Analyst | 4,530,000 COP | -27% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Colombia is 11% on average across all career fields.
| Private Sector | 4,410,000 COP | |
| Public Sector | +11% | 4,900,000 COP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Compensation and Benefits Manager in Colombia?
A good and competitive compensation would range anywhere between 5,630,000 COP and 6,390,000 COP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Compensation and Benefits Manager in Colombia ranges from 3,220,000 COP to 4,670,000 COP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
