What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Compensation Analyst Salary

Median pay for Compensation Analysts in the United States lies in the neighborhood of $58K per year. In the world of Compensation Analysts, total cash compensation can vary between $43K and $79K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $10K, respectively. Location 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. Most Compensation Analysts like their work and job satisfaction is high. There are more female Compensation Analysts who answered the questionnaire than male, making up 64 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Read More
$43,235 - $76,793
(Median)
$43K
$58K
$77K
MEDIAN: $58,323
10%
50%
90%

Add this chart to your site: 640px    300px

$17.34 - $36.58
(Median)
$17
$25
$37
MEDIAN: $24.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$43,235 - $76,793  
   
Bonus
$0.00 - $7,603  
Profit Sharing
$970 - $9,967  
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).
)
$42,601 - $79,342  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 569
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
$17.34 - $36.58  
   
Overtime
$20.71 - $43.59  
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 - $7,603  
   
Profit Sharing
$970 - $9,967  
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).
)
$42,601 - $79,342  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 64

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click 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

  • 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


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


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

Search for more jobs:

Popular Skills for Compensation Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, 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.


Experience does not seem to be a strong driver of pay increase in this role. Salaries of relatively inexperienced workers fall in the neighborhood of $56K, but folks who have racked up five to 10 years see a notably higher median of $64K. Compensation Analysts with one to two decades of relevant experience report an average salary of approximately $68K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $74K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


Boston offers some of the highest pay in the country for Compensation Analysts, 21 percent above the national average. Compensation Analysts will also find cushy salaries in San Francisco (+16 percent), Denver (+16 percent), New York (+13 percent), and Washington (+10 percent). Compensation Analysts' salaries are heavily influenced by location — Compensation Analysts in San Antonio bring in salaries that are 31 percent lower than the national average. Cincinnati and Houston are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 5 percent lower, respectively.

Related Job Salaries

United States (change)

Experience Affects Compensation Analyst Salaries

Late-Career
up arrow 25%



National Average
$59,000


Skills That Affect Compensation Analyst Salaries

Data Analysis
up arrow 4%

Benefits & Compensation
up arrow 4%

Microsoft Excel
up arrow 1%

National Average
$59,000

Microsoft Office
up arrow 1%

Human Resources Information System (HRIS)
up arrow 1%

Microsoft Word
up arrow 2%

compensation
up arrow 4%

Microsoft Access
up arrow 10%

PeopleSoft
up arrow 12%

Human Resources
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 101 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
8%
1-4 years
54%
5-9 years
23%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 86%
vision benefits Vision: 75% employee benefits None: 8%