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Compensation Analyst Salary

Compensation Analysts in the United States can expect wages of $58K per year on average. In the world of Compensation Analysts, overall income ranges from $42K near the bottom to $79K at the top; this can include more than $8K from bonuses and more than $10K from profit sharing in exceptional cases. Geography and years of experience each impact pay for this group, with the former having the largest influence. Most Compensation Analysts report high levels of job satisfaction. There are more female Compensation Analysts who answered the questionnaire than male, making up 64 percent. Medical and dental coverage is claimed by 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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$42,348 - $76,448
(Median)
$42K
$58K
$76K
MEDIAN: $57,627
10%
50%
90%

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$16.83 - $37.10
(Median)
$17
$24
$37
MEDIAN: $24.00
10%
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$27K$54K$81K
Salary
$42,348 - $76,448  
   
Bonus
$0.00 - $7,567  
Profit Sharing
$102.13 - $10,067  
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).
)
$41,792 - $78,587  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 489
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
$16.83 - $37.10  
   
Overtime
$20.55 - $43.77  
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 - $7,567  
   
Profit Sharing
$102.13 - $10,067  
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).
)
$41,792 - $78,587  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 56
United States (change)

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.

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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.

Common Career Paths for Compensation Analyst


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Compensation Analysts' salaries may rise greatly for those who assume a higher-end position such as a Compensation Manager. The average Compensation Manager bring home $92K per year.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Survey results suggest that Compensation Analysts use a fairly large toolkit of professional skills. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Human Resources, Microsoft Access, and PeopleSoft. The majority of those who know Data Analysis also know Microsoft Office.

Pay by Experience Level for Compensation Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Compensation Analysts, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $55K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $64K. For Compensation Analysts, 10 to 20 years of experience on the job amounts to an average salary of $67K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $73K.

Pay Difference by Location


Surpassing the national average by 23 percent, Compensation Analysts in Boston receive some of the highest pay in the country. Compensation Analysts will also find cushy salaries in Denver (+22 percent), San Francisco (+19 percent), New York (+15 percent), and Seattle (+6 percent). Compared to the national average, San Antonio Compensation Analysts have considerably lower salaries, 30 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers in Birmingham and Cincinnati also lean toward paying below-median salaries (25 percent lower and 13 percent lower, respectively).

Related Job Salaries

Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 25%



National Average
$58,000


Skills That Affect Compensation Analyst Salaries



Microsoft Excel
up arrow 1%

Microsoft Office
0%

National Average
$58,000

Microsoft Word
up arrow 3%

compensation
up arrow 5%

Human Resources Information System (HRIS)
up arrow 7%

PeopleSoft
up arrow 10%

Microsoft Access
up arrow 11%

Human Resources
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
9%
1-4 years
55%
5-9 years
21%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 86%
vision benefits Vision: 74% employee benefits None: 8%