Analyst, Compensation & Benefits Salary
Compensation & Benefits Analysts in the United States can expect wages of $65K per year on average. Experience level and the particular city each impact pay for this group, with the former having the largest influence. In this profession, almost all enjoy medical and dental coverage, and a large number have vision insurance, as well. Men are in the minority of survey respondents, with female Compensation & Benefits Analysts making up 75 percent. The majority of workers are highly satisfied with their job. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$50,060 - $83,211|
|Bonus||$30.91 - $13,671|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$50,634 - $84,524|
|Bonus||$30.91 - $13,671|
|Total Pay (||$50,634 - $84,524|
Job Description for Analyst, Compensation & Benefits
- Examine and evaluate employee compensation and benefit programs.
- Assist in researching and developing policies regarding health insurance, retirement, pension plans and paid time off.
- Participate in salary surveys, and analyze data from survey sources to determine competitiveness.
- Price new jobs utilizing salary surveys or slotting.
- Write job descriptions and maintain database of all job descriptions.
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Popular Skills for Analyst, Compensation & Benefits
Survey results show that Compensation & Benefits Analysts typically report just a few professional skills. Most notably, skills in Benefits & Compensation, Microsoft Office, Microsoft Excel, and Microsoft Word are correlated to pay that is above average. Those proficient in Microsoft Excel are, more often than not, also skilled in Microsoft Office.
Pay by Experience Level for Analyst, Compensation & Benefits
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers with less than five years' experience earn around $63K on average, and those who have five to 10 years under their belts see a higher median salary of $68K. For Compensation & Benefits Analysts, 10 to 20 years of experience on the job amounts to an average salary of $79K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $68K by contrast.
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Key Stats for Analyst, Compensation & Benefits
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