Compensation Analyst Salary

The average Compensation Analyst in the United States can expect to rake in roughly $58K annually. Cash earnings for Compensation Analysts — which occasionally include more than $8K from bonuses and more than $10K from profit sharing — stretch from around $43K to approximately $80K. Geography is the biggest factor affecting pay for this group, followed by experience level. Most claim medical and dental insurance and a strong majority get vision coverage. More than half of Compensation Analysts (65 percent) survey participants are women. For the most part, Compensation Analysts enjoy their work and report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$43,440 - $76,583
(Median)
$43K
$58K
$77K
MEDIAN: $58,076
10%
50%
90%

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$17.13 - $36.91
(Median)
$17
$25
$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
$43,440 - $76,583  
   
Bonus
$0.00 - $8,289  
Profit Sharing
$986 - $9,899  
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).
)
$42,913 - $79,890  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 625
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
$17.13 - $36.91  
   
Overtime
$20.86 - $43.40  
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 - $8,289  
   
Profit Sharing
$986 - $9,899  
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).
)
$42,913 - $79,890  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 69
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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 $92K per year.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Survey results imply that Compensation Analysts put a diverse skill set to use. Most notably, skills in Data Analysis, Benefits & Compensation, Human Resources Information System, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Human Resources, PeopleSoft, and Microsoft Access. 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 with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience make $56K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $63K. People with 10 to 20 years of experience make an average of about $68K in this role. Compensation Analysts who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $74K.

Pay Difference by Location


For Compensation Analysts, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Compensation Analysts can also look forward to large paychecks in cities like Denver (+16 percent), Boston (+14 percent), New York (+14 percent), and Washington (+11 percent). Compensation Analysts in San Antonio make 31 percent less than the national average, proving that location is a major factor in pay. Employers pay around 14 percent less in Cincinnati and 5 percent less in Houston, below-median salaries for those in this field.

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Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 26%



National Average
$59,000


Skills That Affect Compensation Analyst Salaries

Data Analysis
up arrow 3%

Benefits & Compensation
up arrow 3%

Human Resources Information System (HRIS)
up arrow 1%

Microsoft Excel
0%

National Average
$59,000

Microsoft Office
up arrow 1%

Microsoft Word
up arrow 2%

compensation
up arrow 7%

Microsoft Access
up arrow 10%

PeopleSoft
up arrow 12%

Human Resources
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 103 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
7%
1-4 years
56%
5-9 years
22%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 85%
vision benefits Vision: 75% employee benefits None: 9%
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