Compensation Analyst Salary

Average Compensation Analysts in the United States make around $58K per year. Total cash compensation to Compensation Analysts bottoms out near $43K and approaches $80K on the high end; the biggest paychecks include approximately $9K from bonuses and almost $10K from profit sharing. Geographic location and career duration each impact pay for this group, with the former having the largest influence. The majority of Compensation Analysts claim high levels of job satisfaction. A large number claim medical and dental insurance and a fair number get vision coverage. The majority of Compensation Analysts (65 percent) who took the survey are women. This overview is based on answers to PayScale's salary questionnaire.
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$43,690 - $76,522

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$17.19 - $36.84

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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
$43,690 - $76,522  
   
Bonus
$0.00 - $8,967  
Profit Sharing
$99.33 - $9,863  
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).
)
$43,262 - $79,844  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 639
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
$17.19 - $36.84  
   
Overtime
$21.14 - $42.96  
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 - $8,967  
   
Profit Sharing
$99.33 - $9,863  
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).
)
$43,262 - $79,844  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 70
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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' salaries may rise greatly for those who assume a higher-end position such as a Compensation Manager. The average Compensation Manager brings home $92K per year.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Survey results show that Compensation Analysts use a fair number of skills. 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. 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 with a lot of experience do not necessarily enjoy more money. Although individuals who have less than five years' experience earn $57K on average, people with five to 10 years benefit from a notably larger average of $63K. Compensation Analysts bring in $68K after working for 10 to 20 years. In the end, more experience does seem to mean larger paychecks; seasoned Compensation Analysts with more than 20 years of experience earn a predictably higher median salary of $74K.

Pay Difference by Location


Surpassing the national average by 19 percent, Compensation Analysts in Denver receive some of the highest pay in the country. Compensation Analysts will also find cushy salaries in San Francisco (+16 percent), New York (+14 percent), Boston (+13 percent), and Washington (+10 percent). Compensation Analysts in San Antonio make 31 percent less than the national average, proving that location is a major factor in pay. Employers in Cincinnati and Houston also lean toward paying below-median salaries (15 percent lower and 5 percent lower, respectively).

Related Job Salaries

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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 2%

Microsoft Excel
0%

Human Resources Information System (HRIS)
0%

National Average
$59,000

Microsoft Office
up arrow 1%

Microsoft Word
up arrow 2%

compensation
up arrow 7%

Microsoft Access
up arrow 11%

PeopleSoft
up arrow 12%

Human Resources
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
7%
1-4 years
57%
5-9 years
22%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 86%
vision benefits Vision: 75% employee benefits None: 8%
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