The average pay for a Compensation Consultant is $79,361 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.

$53,415 - $110,303
(Median)
$53K
$79K
$110K
MEDIAN: $79,361
10%
50%
90%

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$16.14 - $64.92
(Median)
$16
$46
$65
MEDIAN: $45.00
10%
50%
90%

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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$50K$100K$150K
Salary
$53,415 - $110,303  
   
Bonus
$1,133 - $15,922  
Profit Sharing
$9,887  
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).
)
$53,298 - $123,697  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 116
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$25$50$75
Hourly Rate
$16.14 - $64.92  
   
Overtime
$75.00  
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
$1,133 - $15,922  
   
Profit Sharing
$9,887  
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).
)
$53,298 - $123,697  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 15
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Job Description for Compensation Consultant

Compensation consultants assist companies in creating and implementing realistic and beneficial compensation packages for their employees, typically by providing expert advice regarding the development and modification of benefits packages that the company can afford, while also providing competitive benefits which will attract new employees and retain existing ones. These benefits may include health insurance, retirement options, paid time off, and profit-sharing and bonus programs, among others. These consultants must be able to provide various packages for employees of different ranks within the company, so organizational and planning skills are important in this position, and they typically work in an office setting and maintain regular communication with managers and supervisors.

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Compensation Consultant Tasks

  • Review, analyze and recommend plans for employee compensation plans.
  • Analyze and present compensation and budget related reports for management.
  • Price new jobs utilizing salary surveys or slotting.
  • Recommend merit increase and incentive programs and budgeting.

Compensation Consultant Job Listings

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Popular Skills for Compensation Consultant

Pay by Experience Level for Compensation Consultant

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

Compensation Consultant Reviews

What is it like working as a Compensation Consultant?

Compensation Consultant in Atlanta:
"Great variety in my work."
Pros: I love working with different clients on their particular issues. No solution is exactly the same.
Cons: Work can be monotonous at times.

Related Job Salaries

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Experience Affects Compensation Consultant Salaries

Late-Career
up arrow 21%



National Average
$86,000

Entry-Level
up arrow 20%

Skills That Affect Compensation Consultant Salaries

Benefits & Compensation
up arrow 9%

Human Resources
up arrow 9%

National Average
$86,000

Microsoft Excel
up arrow 2%

Data Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
5%
1-4 years
26%
5-9 years
26%
10-19 years
31%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
medical benefits
Vision: 77%
dental benefits
None: 14%
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