Compensation Analyst Salary

Compensation Analysts in the United States pull down an average of $58K per year. With some bonuses approaching $8K and certain profit sharing proceeds approaching $10K, overall incomes of Compensation Analysts spread between $43K and $80K depending on individual performance. Geography and career length each impact pay for this group, with the former having the largest influence. Women account for the majority of Compensation Analysts who responded to the questionnaire — 65 percent to be exact. Most Compensation Analysts like their work and job satisfaction is high. A large number report receiving medical and dental coverage from their employers and a fair number collect vision insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$43,392 - $76,512
(Median)
$43K
$58K
$77K
MEDIAN: $57,903
10%
50%
90%

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$17.13 - $36.91
(Median)
$17
$25
$37
MEDIAN: $24.00
10%
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$27K$54K$81K
Salary
$43,392 - $76,512  
   
Bonus
$0.00 - $8,145  
Profit Sharing
$979 - $9,933  
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).
)
$42,859 - $79,693  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 619
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
$17.13 - $36.91  
   
Overtime
$20.86 - $43.40  
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 - $8,145  
   
Profit Sharing
$979 - $9,933  
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).
)
$42,859 - $79,693  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 69
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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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As Compensation Analysts transition into upper-level roles such as Compensation Manager, they may see a strong upturn in salary. Compensation Managers earn $92K on average per year.

Compensation Analyst Job Listings

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Popular Skills for Compensation Analyst


Compensation Analysts generally report applying a varied skill set to their work. Most notably, skills in Data Analysis, Benefits & Compensation, Human Resources Information System, and Microsoft Excel are correlated to pay that is above average. At the other end of the pay range are skills like Human Resources, PeopleSoft, and Microsoft Access. The majority of those who know Data Analysis also know Microsoft Office.

Pay by Experience Level for Compensation Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Compensation Analysts — those with more experience do not necessarily bring in higher earnings. Those in the early stages of their career can expect to make around $56K; however, individuals with five to 10 years of experience bring in $63K on average — a distinctly larger sum. Compensation Analysts claiming one to two decades of experience make an estimated median of $68K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $74K.

Pay Difference by Location


Home to some of the best pay for Compensation Analysts, San Francisco offers exceptional salaries, 17 percent above the national average. Compensation Analysts will also find cushy salaries in Denver (+16 percent), Boston (+15 percent), New York (+14 percent), and Washington (+11 percent). Place of residence plays a huge part in a Compensation Analyst's salary, with San Antonio Compensation Analysts earning salaries that are 30 percent less than the national average. Workers in Cincinnati and Houston earn salaries that trail the national average for those in this profession (14 percent less and 5 percent less, 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 3%

Microsoft Excel
up arrow 1%

Human Resources Information System (HRIS)
up arrow 1%

National Average
$59,000

Microsoft Office
up arrow 1%

Microsoft Word
up arrow 2%

compensation
up arrow 6%

Microsoft Access
up arrow 10%

PeopleSoft
up arrow 11%

Human Resources
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 103 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
7%
1-4 years
56%
5-9 years
22%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 85%
vision benefits Vision: 75% employee benefits None: 9%
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