Compensation Specialist Salary

Compensation Specialists in the United States take home an average $52K per year. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Men are in the minority of survey respondents, with female Compensation Specialists making up 77 percent. Job satisfaction is reported as high by the vast majority of workers. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$35,904 - $80,537
(Median)
$36K
$52K
$81K
MEDIAN: $52,342
10%
50%
90%

Add this chart to your site: 640px    300px

$11.88 - $28.96
(Median)
$12
$18
$29
MEDIAN: $18.00
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
$35,904 - $80,537  
   
Bonus
$0.00 - $7,973  
Profit Sharing
$514 - $4,913  
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).
)
$31,465 - $77,038  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 126
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$13$26$39
Hourly Rate
$11.88 - $28.96  
   
Overtime
$0.75 - $36.00  
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$26K$52K$78K
Bonus
$0.00 - $7,973  
   
Profit Sharing
$514 - $4,913  
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).
)
$31,465 - $77,038  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 51
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

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 command much higher paychecks, scoring salaries 32 percent above average. Skills that pay less than market rate include Microsoft Word, Microsoft Office, and Microsoft Excel. Most people experienced in Microsoft Excel also know Microsoft Word.

Pay by Experience Level for Compensation Specialist

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


Compensation Specialists with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience have a median salary of $45K. Those who have been around for five to 10 years can expect to take home more — $52K on average. Compensation Specialists bring in $60K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $63K on average.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Compensation Specialist Salaries

Late-Career
up arrow 32%

Experienced
up arrow 26%


National Average
$48,000


Skills That Affect Compensation Specialist Salaries

Benefits & Compensation
up arrow 32%

National Average
$48,000


Microsoft Office
up arrow 8%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
5%
1-4 years
45%
5-9 years
28%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 79%
vision benefits Vision: 70% employee benefits None: 11%
ADVERTISEMENT