Compensation Analyst Salary (United States)

A relatively young group of workers, about two-thirds of Compensation Analysts report fewer than five years of experience; the average pay for this young group is around $57,166 per year. The top of the range reaches $77,559 per year, and the bottom approaches $41,535. Total cash earnings range from $41,977 on the low end to $76,000 on the high end and can include bonus and profit sharing proceeds as high as $6,961 and $10,101, respectively. Geography is the biggest factor affecting pay for this group, followed by tenure. Most enjoy medical and dental coverage in this occupation, and most get vision benefits. Women account for the majority of Compensation Analysts—65 percent to be exact. For the most part, Compensation Analysts enjoy their work and report high levels of job satisfaction. This outline is based on answers to PayScale's salary survey.
Compensation Analyst Salary (?
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.
)
$41,977 - $76,000
(Median)
42K
48K
57K
66K
76K
MEDIAN: $57,049
10%
25%
50%
75%
90%
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Compensation Analyst Salary (?
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.
)
$15.26 - $36.14
(Median)
15
20
24
36
MEDIAN: $23.00
10%
25%
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$26K$52K$78K
Salary
$41,977 - $76,000  
   
Bonus
$0.00 - $6,961  
Profit Sharing
$101.37 - $10,101  
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).
)
$41,535 - $77,559  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 440
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
$15.26 - $36.14  
   
Overtime
$-0.49 - $42.09  
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 - $6,961  
   
Profit Sharing
$101.37 - $10,101  
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).
)
$41,535 - $77,559  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 49
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Location:
United States (change)
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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.
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.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst

Overall, survey participants reported applying a fair number of skills to their work. Data Analysis and Benefits & Compensation are considered valuable skills and can increase employee pay by 5 percent and 4 percent respectively. At the other end of the pay range are skills like Human Resources, Microsoft Access, and PeopleSoft. It is often found that people who know Data Analysis are 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.
Compensation Analysts do not generally earn higher salaries from more experience in the field—in most many but not all cases, experience is not a driving force behind pay increase. Salaries start at $55K, which grows to $64K after five to 10 years. Compensation is $68K after 10 to 20 years. Wages do not stop growing after 20 years on the job but they do accelerate at a slower rate, and Compensation Analysts tend to earn $77K at this point in time. Experienced employees who have 10-20 years of experience make up 12 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10, and senior people with more than 20 years under their belt fill out the remaining less than five. Most of respondents report one to nine years of experience.

Pay Difference By Location

San Jose
up arrow 31%
Boston
up arrow 25%
San Francisco
up arrow 22%
up arrow 15%
Austin
up arrow 9%
up arrow 8%
Chicago
up arrow 3%
Minneapolis
up arrow 3%
Dallas
0%
Atlanta
0%
National Average
$57,000
St. Louis
up arrow 1%
up arrow 4%
Cincinnati
up arrow 12%
Birmingham
up arrow 23%
San Antonio
up arrow 29%
Larger circles over a city indicate a job is popular in that location.
For Compensation Analysts, working in the bustling city of San Jose has its advantages, including an above-average pay rate. Also paying near the top of the field are Boston, San Francisco, New York, and Austin, where Compensation Analysts annually earn 25 percent, 22 percent, 15 percent, and 9 percent more than the national average. Compensation Analysts' salaries are heavily influenced by location—Compensation Analysts in San Antonio bring in salaries that are 29 percent lower than the national average. Employers pay around -23 percent in Birmingham and -12 percent in Cincinnati, below-median salaries for those in this field.

Related Job Salaries

Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 26%
National Average
$57,000

Skills That Affect Compensation Analyst Salaries

Benefits & Compensation
up arrow 4%
Microsoft Excel
0%
National Average
$57,000
Microsoft Office
up arrow 1%
Microsoft Word
up arrow 4%
compensation
up arrow 4%
Human Resources Information System (HRIS)
up arrow 5%
PeopleSoft
up arrow 9%
Microsoft Access
up arrow 14%
Human Resources
up arrow 16%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 86 votes.

Gender

Female
65%
female alumni
 
Male
35%
male alumni

Years of Experience

Less than 1 year
9%
1-4 years
54%
5-9 years
21%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 84%
vision benefits Vision: 72% employee benefits None: 9%
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