Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States can expect to earn an average of $77K per year. Overall cash earnings for Senior Compensation Analysts stretch from $61K on the lower end to $103K near the top, and the heftiest packages can encompass around $11K from bonuses and $9K from profit sharing. Geography and career length each impact pay for this group, with the former having the largest influence. Work is enjoyable for Senior Compensation Analysts, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Senior Compensation Analysts (61 percent) who took the survey are female. Respondents to the PayScale salary survey provided the data for this report.

$60,060 - $97,240
(Median)
$60K
$77K
$97K
MEDIAN: $77,117
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
$60,060 - $97,240  
   
Bonus
$0.00 - $11,232  
Profit Sharing
$405.47 - $8,877  
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).
)
$60,578 - $102,856  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 393
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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

  • 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.

Common Career Paths for Senior Analyst, Compensation


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Senior Compensation Analysts who advance into the role of a Compensation Manager are fairly uncommon. Compensation Managers on average earn $100K per year. Moving from a Senior Compensation Analyst to Compensation Manager or Compensation Consultant is a more common career path, however.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Senior Compensation Analysts report using a wide range of professional skills. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Word. It is often found that people who know Data Analysis are also skilled in Microsoft Office.

Pay by Experience Level for Senior Analyst, Compensation

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


Senior Compensation Analysts do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $75K, but folks who have been around for five to 10 years see a markedly higher median salary of $82K. After working for 10 to 20 years, Senior Compensation Analysts make a median salary of $87K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $88K.

Pay Difference by Location

National Average: $80,535

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

Senior Compensation Analysts will find that Dallas offers an impressive pay rate, one which exceeds the national average by 20 percent. Senior Compensation Analysts will also find cushy salaries in Houston (+14 percent), Irvine (+10 percent), Seattle (+9 percent), and Boston (+5 percent). Memphis is home to the smallest salaries in the field, lagging the national average by 16 percent. Employers in St. Louis and San Diego also lean toward paying below-median salaries (14 percent lower and 6 percent lower, respectively).

Related Job Salaries

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Experience Affects Senior Analyst, Compensation Salaries




National Average
$81,000


Skills That Affect Senior Analyst, Compensation Salaries


Data Analysis
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$81,000

Microsoft Office
up arrow 3%

Microsoft Word
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
39%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 88%
medical benefits
Vision: 77%
dental benefits
None: 4%
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