Compensation Analyst Salary

For Compensation Analysts, annual average wages total $62K per year. Total cash compensation to Compensation Analysts bottoms out near $45K and approaches $86K on the high end; the biggest paychecks include approximately $10K from bonuses and almost $6K from profit sharing. Residence and experience level each impact pay for this group, with the former having the largest influence. Women make up the majority of Compensation Analysts (62 percent) who completed the questionnaire. A large number have medical and dental plans, and a fair number have vision insurance. Job satisfaction is high and work is enjoyable for most Compensation Analysts. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$46,491 - $83,785
$46K
$62K
$84K
MEDIAN: $62,466
10%
50%
90%

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$16.38 - $33.14
$16
$25
$33
MEDIAN: $24.92
10%
50%
90%

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$0$86K
Salary $46,491 - $83,785
Bonus $986 - $9,801
Profit Sharing $755 - $5,960
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).
)
$45,439 - $86,142
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 708
Hourly Data $0$48
Hourly Rate $16.38 - $33.14
Overtime $19.43 - $48.41
Annual Data $0$86K
Bonus $986 - $9,801
Profit Sharing $755 - $5,960
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).
)
$45,439 - $86,142
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 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 may progress into high-paying roles like Compensation Manager, where median compensation is $101K annually. Career advancement for the typical Compensation Analyst often leads to becoming a Senior Compensation Analyst or a Compensation Manager; median salaries in these positions are $14K higher and $31K higher, respectively.

Compensation Analyst Job Listings

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. Those familiar with Data Analysis also tend to 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: $63,031

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

Home to some of the best pay for Compensation Analysts, San Francisco offers exceptional salaries, 35 percent above the national average. Compensation Analysts will also find cushy salaries in San Diego (+13 percent), Washington (+12 percent), New York (+9 percent), and Boston (+5 percent). Compensation Analysts in San Antonio earn salaries far below the national average by 35 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Below-median salaries also turn up in Omaha and Dallas (12 percent lower and 9 percent lower, respectively).

Related Job Salaries

Key Stats for Compensation Analyst

Gender

Female
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 110 votes.
Less than 1 year
9%
1-4 years
52%
5-9 years
20%
10-19 years
14%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Compensation Analyst Salaries

▲20%

▲17%

▲11%

National Average
$63,000

▼7%

Skills That Affect Compensation Analyst Salaries

Microsoft Access
▲18%


Project Management
▲1%



National Average
$63,000


Microsoft Word
▼2%


compensation
▼8%

PeopleSoft
▼17%

Human Resources
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 110 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
9%
1-4 years
52%
5-9 years
20%
10-19 years
14%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
no benefits
None: 9%
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