Compensation Analyst Salary

The average Compensation Analyst in the United States can expect to rake in roughly $61K annually. In the world of Compensation Analysts, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $6K from profit sharing, causing incomes to vary widely between $45K and $84K. Geographic location is the biggest factor affecting pay for this group, followed by experience level. The majority of Compensation Analysts (64 percent) who took the survey are women. Medical and dental benefits are awarded to most, and a strong majority earn vision coverage. Most Compensation Analysts report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$46,081 - $82,529
$46K
$61K
$83K
MEDIAN: $61,207
10%
50%
90%

Add this chart to your site: 640px    300px

$16.53 - $33.27
$17
$25
$33
MEDIAN: $25.10
10%
50%
90%

Add this chart to your site: 640px    300px

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
$46,081 - $82,529  
   
Bonus
$982 - $9,968  
Profit Sharing
$740 - $5,640  
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).
)
$45,311 - $84,295  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 660
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
$16.53 - $33.27  
   
Overtime
$25.96 - $48.26  
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
$982 - $9,968  
   
Profit Sharing
$740 - $5,640  
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).
)
$45,311 - $84,295  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 70

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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

  • 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


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


Compensation Analysts who go on to become Compensation Managers may see their salaries climb quite a bit. Median pay for Compensation Managers is $101K annually. Compensation Analysts moving up in their careers tend to step into positions as Senior Compensation Analysts or Compensation Managers. The median paychecks in those roles are $15K higher and $32K higher, respectively.

Compensation Analyst Job Listings

Search for more jobs:

Popular Skills for Compensation Analyst


Compensation Analysts report using a large range of skills on the job. Fortunate workers who know Microsoft Access can expect a significant pay bump, scoring salaries 20 percent 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 experienced in 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: $61,929

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

With a pay rate for Compensation Analysts that is 38 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Compensation Analysts can also look forward to large paychecks in cities like San Diego (+15 percent), Washington (+14 percent), New York (+11 percent), and Boston (+7 percent). Location is a huge contributor to overall pay, with Compensation Analysts in San Antonio earning a whopping 34 percent below the national average. Not at the bottom but still paying below the median are employers in Omaha and Dallas (10 percent lower and 7 percent lower, respectively).

Related Job Salaries

Key Stats for Compensation Analyst

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 97 votes.
Less than 1 year
8%
1-4 years
56%
5-9 years
20%
10-19 years
13%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Compensation Analyst Salaries

▲22%

▲19%

▲13%

National Average
$62,000

▼5%

Skills That Affect Compensation Analyst Salaries

Microsoft Access
▲20%

Project Management
▲3%





Microsoft Word
▼0%

National Average
$62,000


compensation
▼7%

PeopleSoft
▼16%

Human Resources
▼22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 97 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
8%
1-4 years
56%
5-9 years
20%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 85%
vision benefits
Vision: 77%
no benefits
None: 10%