Compensation Analyst Salary

Compensation Analysts in the United States can expect to earn an average of $59K annually. Total cash compensation to Compensation Analysts bottoms out near $44K and approaches $81K on the high end; the biggest paychecks include approximately $9K from bonuses and almost $10K from profit sharing. Residence is the biggest factor affecting pay for this group, followed by career length. For the most part, Compensation Analysts enjoy their work and report high levels of job satisfaction. There are more female Compensation Analysts who answered the questionnaire than male, making up 64 percent. In this profession, most enjoy medical and dental coverage, and a strong majority have vision insurance, as well. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$44,215 - $77,967
(Median)
$44K
$59K
$78K
MEDIAN: $58,558
10%
50%
90%

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$17.72 - $36.09
(Median)
$18
$25
$36
MEDIAN: $24.00
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$27K$54K$81K
Salary
$44,215 - $77,967  
   
Bonus
$0.00 - $8,841  
Profit Sharing
$103.04 - $9,822  
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).
)
$43,846 - $80,818  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 812
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$15$30$45
Hourly Rate
$17.72 - $36.09  
   
Overtime
$26.18 - $43.94  
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$30K$60K$90K
Bonus
$0.00 - $8,841  
   
Profit Sharing
$103.04 - $9,822  
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).
)
$43,846 - $80,818  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 90
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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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At the upper end, Compensation Analysts who move into a Compensation Manager role can end up with a hefty increase in pay. The average income for Compensation Managers is a much higher $92K per year.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Compensation Analysts report using a deep pool of skills on the job. Most notably, skills in Project Management, Benefits & Compensation, Data Analysis, and Human Resources Information System (HRIS) are correlated to pay that is above average. Skills that pay less than market rate 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.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience make $57K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $65K. Compensation Analysts with one to two decades of relevant experience report an average salary of approximately $71K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $74K.

Pay Difference by Location

National Average: $59,326

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

San Francisco is home to an above-average pay rate for Compensation Analysts, 15 percent higher than the national average. Compensation Analysts can also look forward to large paychecks in cities like New York (+14 percent), Boston (+11 percent), San Diego (+10 percent), and Washington (+8 percent). Compensation Analysts in San Antonio report much lower salaries than the rest of the country — 31 percent below the national average — proving that residence is a major factor in overall pay. Cincinnati and Los Angeles are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 3 percent lower, respectively.

Related Job Salaries

United States (change)

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Comp Managers: Start Here »

Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 24%



National Average
$59,000


Skills That Affect Compensation Analyst Salaries

Project Management
up arrow 7%

Data Analysis
up arrow 2%

Benefits & Compensation
up arrow 2%

Microsoft Excel
0%

Human Resources Information System (HRIS)
0%

National Average
$59,000

Microsoft Word
up arrow 2%

Microsoft Office
up arrow 3%

compensation
up arrow 7%

Microsoft Access
up arrow 12%

PeopleSoft
up arrow 12%

Human Resources
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
8%
1-4 years
57%
5-9 years
20%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 86%
medical benefits
Vision: 75%
dental benefits
None: 9%
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