Median pay for Compensation Analysts in the United States lies in the neighborhood of $61K per year. Cash earnings for Compensation Analysts — including $10K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $45K to $83K depending on individual performance. Location and tenure each impact pay for this group, with the former having the largest influence. Medical and dental coverage is claimed by a large number, and a fair number earn vision coverage. Female Compensation Analysts survey participants are more prevalent than men — 64 percent of professionals. Job satisfaction is reported as high by the vast majority of workers. The data in this summary comes from the PayScale salary survey.
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$45,910 - $81,451
(Median)
$46K
$61K
$81K
MEDIAN: $60,661
10%
50%
90%

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$16.86 - $34.05
(Median)
$17
$25
$34
MEDIAN: $25.00
10%
50%
90%

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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$28K$56K$84K
Salary
$45,910 - $81,451  
   
Bonus
$1,001 - $10,015  
Profit Sharing
$734 - $5,515  
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).
)
$45,330 - $83,159  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 655
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$17$34$51
Hourly Rate
$16.86 - $34.05  
   
Overtime
$27.05 - $48.92  
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$50K$100K$150K
Bonus
$1,001 - $10,015  
   
Profit Sharing
$734 - $5,515  
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).
)
$45,330 - $83,159  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 67
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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.

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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 who transition into a Compensation Manager role may receive large pay increases as the latter position pays an average $101K per year. When Compensation Analysts are ready for the next step in their careers, they often become Senior Compensation Analysts or Compensation Managers. Those roles pay an additional $16K and $32K, respectively.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Survey results imply that Compensation Analysts deploy a substantial tool kit of skills at work. Most notably, skills in Project Management, Benefits & Compensation, Data Analysis, and Human Resources Information System (HRIS) are correlated to pay that is above average. Those listing Human Resources as a skill should be prepared for drastically lower pay. PeopleSoft and Microsoft Access also typically command lower compensation. Those familiar with Data Analysis also tend to know Microsoft Office.

Pay by Experience Level for Compensation Analyst

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


Compensation Analysts do not generally earn higher incomes from more experience in the field. Salaries of relatively inexperienced workers fall in the neighborhood of $59K, but folks who have racked up five to 10 years see a notably higher median of $68K. Compensation Analysts bring in $72K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $76K.

Pay Difference by Location

National Average: $61,346

Larger city markers indicate a job is popular in that location.

For Compensation Analysts, San Francisco provides a pay rate that is 19 percent greater than the national average. Compensation Analysts will also find cushy salaries in New York (+15 percent), Washington (+13 percent), Boston (+11 percent), and Chicago (+9 percent). Compensation Analysts in San Antonio earn salaries far below the national average by 33 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in Cincinnati (9 percent lower) and Dallas (6 percent lower).

Related Job Salaries

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Experience Affects Compensation Analyst Salaries




National Average
$61,000


Skills That Affect Compensation Analyst Salaries

Project Management
up arrow 4%

Benefits & Compensation
up arrow 2%

Data Analysis
up arrow 1%

Microsoft Excel
0%

Human Resources Information System (HRIS)
0%

National Average
$61,000

Microsoft Word
up arrow 1%

Microsoft Office
up arrow 3%

compensation
up arrow 6%

Microsoft Access
up arrow 12%

PeopleSoft
up arrow 15%

Human Resources
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 90 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 86%
medical benefits
Vision: 77%
dental benefits
None: 9%
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