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salary information

Salary Information for a Compensation Management in Indianapolis, IN

Median salary:

This data reflects Total Cash for a Level 5 Compensation Management at a mid-size company. To get more detailed information on total compensation for the role of Compensation Management in Indianapolis, IN, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
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Behind the numbers

What is the adjusted total comp for a Compensation Management in Indianapolis, IN?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

Total Comp (TC)

Cost of Living (COL) Index
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Compensation Management in Indianapolis, IN?

Designs, administers and oversees a company's compensation and rewards programs, including base salary, short- & long-term incentive programs, job analysis & evaluations, salary survey participation and procurement. Conducts market analysis of company jobs to determine competitive positioning of the organization's pay programs. Participates in annual salary administration programs including salary structure creation and maintenance and development of incentive or salary increase budgets. Ensures that all compensation-related activities are in compliance with applicable regulations and standards.

What are the characteristics of a level 5 Compensation Management?

A level 5 Compensation Management in Indianapolis, IN works directly with leadership team (and sometimes executive staff in smaller organizations) to establish strategic plans and objectives.

Compensation Management

Benchmark Role

Management

Job Type

Compensation

Job Family

Business

Job Area

Quality of Life in Indianapolis, IN for an Income of $179,100

Cost of Living

  • Below National Average: Indianapolis boasts a cost of living that is below the national average, which allows individuals with a salary of $179,100 to enjoy a comfortable lifestyle.
  • Affordability of Goods and Services: Everyday expenses such as groceries, transportation, and utilities tend to be more affordable compared to other metropolitan areas in the United States.

Housing Market

  • Median Home Prices: The median home price in Indianapolis is significantly lower than the national average, making homeownership feasible and attractive for individuals with this income level.
  • Real Estate Appreciation: While home prices are lower, they have been gradually appreciating, presenting good investment value for homeowners in the city.

Quality of Life

  • Balanced Lifestyle: The city provides a mix of urban and suburban living, offering a variety of leisure activities, cultural experiences, and recreational opportunities.
  • Traffic and Commute: Indianapolis typically experiences less traffic congestion compared to other large cities, contributing to a relatively stress-free commute.

Access to Healthcare

  • Healthcare Facilities: Indianapolis is home to several reputable hospitals and healthcare facilities, providing quality medical care to residents.
  • Affordable Healthcare Options: Compared to other major cities, healthcare costs are reasonable, ensuring accessible medical services for individuals and families.

Quality of K-12 Schools

  • Public and Private Education: The city offers a range of public and private schooling options, with several schools recognized for academic excellence.
  • Educational Initiatives: Efforts to improve education quality are ongoing, with newer initiatives being implemented to enhance learning outcomes.

Assessment Summary

In Indianapolis, an income of $179,100 affords a high quality of life due to the relatively low cost of living and competitive housing market. The combination of affordable healthcare, quality educational options, and a balanced urban lifestyle makes Indianapolis a desirable location for professionals and families.

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OpenComp aggregates multiple data sources to provide accurate salary data for Indianapolis, IN, specifically for a Level 5 Compensation Management. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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