Analyst, Compensation Salary

Median pay for Compensation Analysts in the United States is around $56K per year. Most workers in this position report high levels of job satisfaction. Most Compensation Analysts survey respondents are women (71 percent). Medical and dental benefits are awarded to a large number, and a fair number earn vision coverage. The data in this summary comes from the PayScale salary survey.
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$41,121 - $75,404

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$12.51 - $44.04

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$41,121 - $75,404  
   
Bonus
$0.00 - $6,411  
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).
)
$41,252 - $78,741  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 151
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$12.51 - $44.04  
   
Overtime
$28.62 - $45.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$0.00 - $6,411  
   
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).
)
$41,252 - $78,741  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 12
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Job Description for Analyst, Compensation

Compensation analysts work directly for companies or agencies which serve various companies to help them determine compensation structures, processes, and practices, as well as provide suggestions for compensation levels and incentive programs such as bonuses. These analysts must conduct research and various analyses in order to develop specialized plans for their companies' needs, and they may also conduct surveys and interviews within their companies.

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Analyst, Compensation Tasks

  • Participate in salary surveys, and analyze data from survey sources to determine competitiveness both internally and externally.
  • Price new jobs utilizing salary surveys or slotting.
  • Design and prepare ad hoc compensation and budget related reports for management.
  • Write job descriptions and maintain database of all job descriptions.
  • Assist in preparation of merit increase and incentive programs and budgeting.

Common Career Paths for Analyst, Compensation


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Compensation Analysts sometimes assume positions such as Compensation Managers. That role pays $92K per year on average. A common career progression for a Compensation Analyst is to become a Senior Compensation Analyst or a Human Resources Manager. Compared to Compensation Analysts, the first group earns $19K more on average, and the second group earns $2K more.

Compensation Analyst Job Listings

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Compensation Analysts note just a narrow range of job skills. Most notably, skills in Microsoft Office, Microsoft Excel, Benefits & Compensation, and Data Analysis are correlated to pay that is above average. At the other end of the pay range are skills like Data Analysis and Benefits & Compensation.

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Comp Managers: Start Here »

Skills That Affect Analyst, Compensation Salaries

National Average
$57,000

Microsoft Office
up arrow 1%

Microsoft Excel
up arrow 2%

Benefits & Compensation
up arrow 8%

Data Analysis
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
7%
1-4 years
56%
5-9 years
21%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 88%
vision benefits Vision: 75% employee benefits None: 10%
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