Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States take home an average $80K per year. Residence and career length each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Almost all receive medical and dental insurance and a fair number get vision plans. The majority of Senior Compensation Analysts (67 percent) who took the survey are women. The numbers in this rundown were provided by PayScale's salary survey participants.

$61,791 - $101,851
$62K
$80K
$100K
MEDIAN: $79,525
10%
50%
90%

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$19.39 - $44.11
$19
$31
$44
MEDIAN: $31.14
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
$61,791 - $101,851  
   
Bonus
$517 - $14,681  
Profit Sharing
$4,300  
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).
)
$61,324 - $107,139  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 283
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
$19.39 - $44.11  
   
Overtime
$49.00  
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
$517 - $14,681  
   
Profit Sharing
$4,300  
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).
)
$61,324 - $107,139  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 15

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Job Description for Senior Analyst, Compensation

Senior analysts for compensation are responsible for assisting with the development and implementation of compensation programs for their organization. They conduct extensive market analysis to research trends and compensation initiatives across their industry, as well as provide support to organizational executives for performance evaluation purposes. Senior analysts for compensation evaluate existing incentive plans and modify them according to business requirements and needs, as well as participate in compensation projects and annual review processes. Senior analysts for compensation answer compensation inquiries in a timely manner, create effective business partnerships, and help increase employee satisfaction through well-executed compensation programs.

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Senior Analyst, Compensation Tasks

  • Write job descriptions and maintain database of all job descriptions.
  • Assist in preparation of merit increase and incentive programs and budgeting.
  • Design and prepare ad hoc compensation and budget related reports for management.
  • 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.

Common Career Paths for Senior Analyst, Compensation


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Senior Compensation Analysts who transition into a Director of Compensation role may receive large pay increases as the latter position pays an average $123K per year. Senior Compensation Analysts typically move into roles as Compensation Managers or Compensation Managers, and those positions pay $11K more and $18K more, respectively.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Senior Compensation Analysts report using a pretty varied skill set on the job. Most notably, skills in Microsoft Excel, Benefits & Compensation, Data Analysis, and Microsoft Office are correlated to pay that is above average. Most people experienced in Data Analysis also know Microsoft Office.

Pay by Experience Level for Senior Analyst, Compensation

Pay by Experience for a Senior Analyst, Compensation has a positive trend. An entry-level Senior Analyst, Compensation with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 114 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Analyst, Compensation with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $85,000 based on 132 salaries. An experienced Senior Analyst, Compensation which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 78 salaries. A Senior Analyst, Compensation with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $91,000 based on 39 salaries.

Pay Difference by Location

National Average: $83,021

Larger city markers indicate a job is popular in that location.

With a pay rate for Senior Compensation Analysts that is 19 percent greater than the national average, Houston offers a comfortable salary for those in this profession. Senior Compensation Analysts will also find cushy salaries in Dallas (+17 percent), Seattle (+10 percent), Irvine (+7 percent), and Boston (+4 percent). Memphis is the lowest-paying area, 18 percent south of the national average. Below-median salaries also turn up in St. Louis and San Diego (17 percent lower and 9 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Analyst, Compensation

Gender

Female
67 %
Male
33 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.
Less than 1 year
4%
1-4 years
22%
5-9 years
40%
10-19 years
21%
20 years or more
12%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Analyst, Compensation Salaries

▲10%

▲9%

▲2%

National Average
$83,000

▼11%

Skills That Affect Senior Analyst, Compensation Salaries




Microsoft Office
▼0%


National Average
$83,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
4%
1-4 years
22%
5-9 years
40%
10-19 years
21%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 89%
vision benefits
Vision: 77%
no benefits
None: 4%
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