Compensation Analyst Salary

Earnings for Compensation Analysts in the United States come in at around $62K per year on average. Final cash compensation to Compensation Analysts varies from around $46K to approximately $86K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $6K, respectively. Residence and career duration each impact pay for this group, with the former having the largest influence. A large number get medical and dental insurance, and a fair number get vision plans, too. Women account for the majority of Compensation Analysts who responded to the questionnaire — 61 percent to be exact. Job satisfaction for Compensation Analysts is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$46,740 - $83,461
$47K
$62K
$83K
MEDIAN: $62,052
10%
50%
90%

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$16.38 - $32.87
$16
$25
$33
MEDIAN: $25.04
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$29K$58K$87K
Salary
$46,740 - $83,461  
   
Bonus
$990 - $10,002  
Profit Sharing
$500 - $5,560  
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).
)
$45,627 - $85,767  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 703
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
$16.38 - $32.87  
   
Overtime
$20.09 - $48.41  
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
$990 - $10,002  
   
Profit Sharing
$500 - $5,560  
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).
)
$45,627 - $85,767  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 75

Find Out Exactly What You Should Be Paid

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.

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Compensation Analyst Tasks

  • Ensure company compliance with country specific regulations and laws, including reporting requirements.
  • Monitor cost differentials, taxes for equalization and country specific incentives and variable pay.
  • Analyze country specific data and relevant market trends, develop salary structures and market pricing recommendations.
  • Review and monitor employee pay and recommend reviews if necessary.
  • Identify relevant market data and trends regarding executive compensation and present recommendations.

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. The most common next step for a Compensation Analyst is to become a Senior Compensation Analyst or a Compensation Manager. The former position pays an additional $15K per year on average, and the latter position pays $31K more per year.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Compensation Analysts seem to require a rather large skill set. Most notably, skills in Microsoft Access, Project Management, Benefits & Compensation, and Data Analysis are correlated to pay that is above average. Those listing Human Resources as a skill should be prepared for drastically lower pay. PeopleSoft and compensation also typically command lower compensation. Most people familiar with Data Analysis also know Microsoft Office.

Pay by Experience Level for Compensation Analyst

Pay by Experience for a Compensation Analyst has a positive trend. An entry-level Compensation Analyst with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 535 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compensation Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 188 salaries. An experienced Compensation Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $74,000 based on 114 salaries. A Compensation Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $76,000 based on 27 salaries.

Pay Difference by Location

National Average: $62,618

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

For Compensation Analysts, busy San Francisco offers a higher-than-average pay rate, 36 percent above the national average. Compensation Analysts will also find cushy salaries in San Diego (+14 percent), Washington (+12 percent), New York (+10 percent), and Boston (+6 percent). Compensation Analysts in San Antonio make 35 percent less than the national average, proving that location is a major factor in pay. Workers in Omaha and Dallas earn salaries that trail the national average for those in this profession (11 percent less and 8 percent less, respectively).

Related Job Salaries

Key Stats for Compensation Analyst

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.
Less than 1 year
8%
1-4 years
54%
5-9 years
20%
10-19 years
14%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Compensation Analyst Salaries

▲21%

▲18%

▲12%

National Average
$63,000

▼6%

Skills That Affect Compensation Analyst Salaries

Microsoft Access
▲19%

Project Management
▲2%




National Average
$63,000


Microsoft Word
▼1%


compensation
▼8%

PeopleSoft
▼17%

Human Resources
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
8%
1-4 years
54%
5-9 years
20%
10-19 years
14%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 85%
vision benefits
Vision: 77%
no benefits
None: 10%
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