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Compensation Specialist Salary (United States)

The average pay for a Compensation Specialist is $49,500 per year. Experience has a moderate effect on salary for this job. People in this job generally don't have more than 20 years' experience.
Compensation Specialist Salary (?
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.
)
$34,612 - $77,892
(Median)
35K
49K
64K
78K
MEDIAN: $49,499
10%
50%
75%
90%
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Compensation Specialist Salary (?
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.
)
$12.16 - $28.49
(Median)
12
15
19
21
28
MEDIAN: $18.00
10%
25%
50%
75%
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$26K$52K$78K
Salary
$34,612 - $77,892  
   
Bonus
$0.00 - $5,781  
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).
)
$31,032 - $76,929  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 102
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$90$180$270
Hourly Rate
$12.16 - $28.49  
   
Overtime
$0.21 - $240.76  
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$180K$360K$540K
Bonus
$0.00 - $5,781  
   
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).
)
$31,032 - $76,929  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 38
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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.

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Popular Skills for Compensation Specialist

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Experience Affects Compensation Specialist Salaries

Experienced
up arrow 29%
National Average
$46,000

Skills That Affect Compensation Specialist Salaries

National Average
$46,000
Microsoft Excel
up arrow 2%
Microsoft Office
up arrow 3%
Microsoft Word
up arrow 10%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 26 votes.

Gender

Female
73%
female alumni
 
Male
27%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
46%
5-9 years
28%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 78%
vision benefits Vision: 68% employee benefits None: 13%