What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Compensation Analyst Salary

Average Compensation Analysts in the United States make around $58K annually. Total cash compensation for Compensation Analysts runs from $43K to $80K depending on bonuses that can occasionally exceed $8K and profit sharing that can reach almost $10K. Residence is the biggest factor affecting pay for this group, followed by career duration. Medical and dental benefits are awarded to most, and a strong majority earn vision coverage. Compensation Analysts survey participants are largely women, dominating at 65 percent. Most workers in this position report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$43,144 - $76,400
(Median)
$43K
$58K
$76K
MEDIAN: $57,998
10%
50%
90%

Add this chart to your site: 640px    300px

$17.40 - $37.14
(Median)
$17
$25
$37
MEDIAN: $24.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$43,144 - $76,400  
   
Bonus
$0.00 - $8,127  
Profit Sharing
$979 - $9,933  
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).
)
$42,652 - $79,531  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 594
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
$17.40 - $37.14  
   
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 - $8,127  
   
Profit Sharing
$979 - $9,933  
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).
)
$42,652 - $79,531  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 66

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Common Career Paths for Compensation Analyst


Add this chart to your site:   640px 640px    300px 300px


Compensation Analysts may experience a large salary bump if they progress into a role such as Compensation Manager. The latter position pays an average of $92K annually.

Compensation Analyst Job Listings

Search for more jobs:

Popular Skills for Compensation Analyst


Compensation Analysts seem to require a number of specific skills. Most notably, skills in Benefits & Compensation, Data Analysis, Human Resources Information System, and Microsoft Excel are correlated to pay that is above average. At the other end of the pay range are skills like Human Resources, PeopleSoft, and Microsoft Access. Most people familiar with 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 many Compensation Analysts, extensive experience does not lead to significantly 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 $64K. On average, Compensation Analysts make $68K following one to two decades on the job. As Compensation Analysts reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $74K.

Pay Difference by Location


Boston offers some of the highest pay in the country for Compensation Analysts, 21 percent above the national average. Compensation Analysts can also look forward to large paychecks in cities like San Francisco (+17 percent), Denver (+16 percent), New York (+14 percent), and Washington (+11 percent). Place of residence plays a huge part in a Compensation Analyst's salary, with San Antonio Compensation Analysts earning salaries that are 30 percent less than the national average. Employers in Cincinnati and Houston also lean toward paying below-median salaries (13 percent lower and 5 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 26%



National Average
$59,000


Skills That Affect Compensation Analyst Salaries

Data Analysis
up arrow 4%

Benefits & Compensation
up arrow 4%

Human Resources Information System (HRIS)
up arrow 2%

Microsoft Excel
up arrow 1%

Microsoft Office
0%

National Average
$59,000

Microsoft Word
up arrow 2%

compensation
up arrow 6%

Microsoft Access
up arrow 10%

PeopleSoft
up arrow 11%

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
8%
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: 8%
ADVERTISEMENT