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Compensation Analyst Salary (United States)

A relatively inexperienced group of workers, just under two-thirds of Compensation Analysts report fewer than five years of experience; the average pay for this group is around $57K annually. In the world of Compensation Analysts, overall income ranges from $42K near the bottom to $78K at the top; this can include more than $7K from bonuses and more than $10K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by career duration. The greater part report receiving medical coverage from their employers and a solid majority collect dental insurance. In a profession dominated by women, 65 percent of Compensation Analysts are female. The majority of workers are highly satisfied with their job. The figures in this overview are derived from responses to the PayScale salary survey.
Compensation Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$41,977 - $76,000
(Median)
42K
48K
57K
66K
76K
MEDIAN: $57,049
10%
25%
50%
75%
90%
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Compensation Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$15.26 - $36.14
(Median)
15
20
24
36
MEDIAN: $23.00
10%
25%
50%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Salary
$41,977 - $76,000  
   
Bonus
$0.00 - $6,961  
Profit Sharing
$101.37 - $10,101  
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).
)
$41,535 - $77,559  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 440
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$15.26 - $36.14  
   
Overtime
$-0.49 - $42.09  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $6,961  
   
Profit Sharing
$101.37 - $10,101  
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).
)
$41,535 - $77,559  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 49
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Location:
Years in Field/Career:
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Job Description for Compensation Analyst

Compensation analysts work with human resource and operations professionals to perform a series of functions that ensure the company offers competitive compensation levels to attract and retain talent. At its core, the compensation analyst administers the company's business unit-specific variable pay programs. The work is ongoing, since the compensation analyst is responsible for reviewing and updating existing pay programs and developing new pay programs. In this review process, the compensation analyst observes the pay process, takes note of any inefficiencies or areas in need of improvement, prepares improvement recommendations along with supporting evidence.
Read More...
Compensation Analyst Tasks
  • Assist in preparation of merit increase and incentive programs and budgeting.
  • Identify relevant market data and trends regarding executive compensation and present recommendations.
  • Review and monitor employee pay and recommend reviews if necessary.
  • Design and prepare ad hoc compensation and budget related reports for management.
  • Write job descriptions and maintain database of all job descriptions.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst

Compensation Analysts report using a pretty varied skill set on the job. Most notably, skills in Data Analysis, Benefits & Compensation, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that seem to negatively impact pay include Human Resources, Microsoft Access, and PeopleSoft. Those proficient in Data Analysis are, more often than not, also skilled in Microsoft Office.

Pay by Experience Level for Compensation Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Compensation Analysts, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $54K, but people who have been around for five to 10 years earn a noticeably bigger sum of $64K. For Compensation Analysts, 10 to 20 years of experience on the job amounts to an average salary of $68K. After two decades in the workforce, the average Compensation Analyst generally earns more than ever; median pay for this group is estimated at $72K. One to nine years of experience is standard for most employees in this area; most of respondents fit between this range. Experienced employees who have 10-20 years of experience make up approximately one in eight of the workforce; inexperienced individuals who have been working for less than one year comprise less than one in ten, and senior people with more than 20 years under their belt fill out the remaining less than five percent.

Pay Difference By Location

San Jose
up arrow 31%
Boston
up arrow 25%
San Francisco
up arrow 22%
up arrow 15%
Austin
up arrow 9%
up arrow 8%
Chicago
up arrow 3%
Minneapolis
up arrow 3%
Dallas
0%
Atlanta
0%
National Average
$57,000
St. Louis
up arrow 1%
up arrow 4%
Cincinnati
up arrow 12%
Birmingham
up arrow 23%
San Antonio
up arrow 29%
Larger circles over a city indicate a job is popular in that location.
San Jose is home to an above-average pay rate for Compensation Analysts, 31 percent higher than the national average. Other big spenders include Boston, San Francisco, New York, and Austin, top-paying cities where Compensation Analysts see paychecks higher than average (+25 percent, +22 percent, +15 percent, and +9 percent). Compensation Analysts in San Antonio take home the lowest salaries, earning a whopping 29 percent less than the national average. Employers also pay below the national average in Birmingham (23 percent lower) and Cincinnati (12 percent lower).

Related Job Salaries

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Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 26%
National Average
$57,000

Skills That Affect Compensation Analyst Salaries

Benefits & Compensation
up arrow 4%
Microsoft Excel
0%
National Average
$57,000
Microsoft Office
up arrow 1%
Microsoft Word
up arrow 4%
compensation
up arrow 4%
Human Resources Information System (HRIS)
up arrow 5%
PeopleSoft
up arrow 9%
Microsoft Access
up arrow 14%
Human Resources
up arrow 16%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 86 votes.

Gender

Female
65%
female alumni
 
Male
35%
male alumni

Years of Experience

Less than 1 year
9%
1-4 years
54%
5-9 years
21%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 84%
vision benefits Vision: 72% employee benefits None: 9%