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Compensation Specialist Salary

An average Compensation Specialist in the United States can expect to take home roughly $52K annually. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of workers are highly satisfied with their job. Men are in the minority of survey respondents, with female Compensation Specialists making up 76 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$36,223 - $82,262
(Median)
$36K
$52K
$82K
MEDIAN: $52,044
10%
50%
90%

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$11.79 - $29.08
(Median)
$12
$18
$29
MEDIAN: $18.00
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$28K$56K$84K
Salary
$36,223 - $82,262  
   
Bonus
$0.00 - $8,000  
Profit Sharing
$968 - $2,543  
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).
)
$31,730 - $78,151  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 125
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$14$28$42
Hourly Rate
$11.79 - $29.08  
   
Overtime
$0.00 - $39.15  
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$28K$56K$84K
Bonus
$0.00 - $8,000  
   
Profit Sharing
$968 - $2,543  
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).
)
$31,730 - $78,151  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 49

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Compensation Specialist

Compensation specialists are responsible for developing and implementating different compensation programs and strategies on behalf of their company. They are in charge of modifying different salary and wage initiatives that will benefit specific employees and their organization. These individuals are organized and possess strong problem-solving skills to overcome administrative and financial obstacles. They work in an office environment with a regular 9-5 schedule. They also use a personal computer to write compensation reports, run calculcations on spreadsheet software, and keep accurate records for future reference.

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Compensation Specialist Tasks

  • Participate in salary surveys, and analyze data from survey sources to determine competitiveness both internally and externally.
  • Price new jobs utilizing salary surveys or slotting.
  • Design and prepare ad hoc compensation and budget related reports for management.
  • Write job descriptions and maintain database of all job descriptions.
  • Assist in preparation of merit increase and incentive programs and budgeting.

Compensation Analyst Job Listings

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Popular Skills for Compensation Specialist


Just a handful of professional skills are reported by Compensation Specialists who took the survey. Fortunate workers who know Benefits & Compensation can expect a significant pay bump, scoring salaries 33 percent above average. Skills that seem to negatively impact pay include Microsoft Word, Microsoft Office, and Microsoft Excel. Most people skilled in Microsoft Excel are similarly competent in Microsoft Word.

Pay by Experience Level for Compensation Specialist

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 for inexperienced workers average out to $51K, and those with five to 10 years' experience earn a higher median of $45K. Compensation Specialists see a median salary of $59K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $64K.

Related Job Salaries

United States (change)

Experience Affects Compensation Specialist Salaries

Late-Career
up arrow 34%

Experienced
up arrow 24%


National Average
$48,000


Skills That Affect Compensation Specialist Salaries

Benefits & Compensation
up arrow 33%

National Average
$48,000


Microsoft Office
up arrow 7%

Microsoft Word
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
29%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 69% employee benefits None: 11%
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