Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States take home an average $80K annually. Total cash earnings of Senior Compensation Analysts range from $61K on the low end to $108K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $15K and $10K, respectively. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most workers in this position report high levels of job satisfaction. The majority of Senior Compensation Analysts (66 percent) who took the survey are women. Nearly all claim medical and dental insurance and a strong majority get vision coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$61,887 - $101,618
$62K
$80K
$100K
MEDIAN: $79,828
10%
50%
90%

Add this chart to your site: 640px    300px

$17.62 - $44.01
$18
$30
$44
MEDIAN: $30.36
10%
50%
90%

Add this chart to your site: 640px    300px

$0$108K
Salary $61,887 - $101,618
Bonus $503 - $14,681
Profit Sharing $0.00 - $9,863
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).
)
$61,392 - $108,259
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 276
Hourly Data $0$44
Hourly Rate $17.62 - $44.01
Overtime $36.13
Annual Data $0$108K
Bonus $503 - $14,681
Profit Sharing $0.00 - $9,863
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).
)
$61,392 - $108,259
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 16

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


For Senior Compensation Analysts, progressing to a Director of Compensation role may result in a significant raise. On average, a Director of Compensation can earn $123K annually. It is quite typical for Senior Compensation Analysts to transition into roles as Compensation Managers or Compensation Managers, where reported median earnings are $11K and $18K higher per year.

Senior Analyst, Compensation Job Listings

Popular Skills for Senior Analyst, Compensation


Senior Compensation Analysts who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Microsoft Excel, Benefits & Compensation, Data Analysis, and Microsoft Office are correlated to pay that is above average. Those proficient in Data Analysis are, more often than not, also skilled in 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: $82,923

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

Home to some of the best pay for Senior Compensation Analysts, Houston offers exceptional salaries, 19 percent above the national average. Senior Compensation Analysts can also look forward to large paychecks in cities like Dallas (+17 percent), Seattle (+11 percent), Irvine (+7 percent), and Boston (+4 percent). Memphis is home to the smallest salaries in the field, lagging the national average by 18 percent. Employers pay around 17 percent less in St. Louis and 9 percent less in San Diego, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Senior Analyst, Compensation

Gender

Female
66 %
Male
34 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.
Less than 1 year
4%
1-4 years
22%
5-9 years
42%
10-19 years
22%
20 years or more
10%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Analyst, Compensation Salaries

▲11%

▲10%

▲2%

National Average
$83,000

▼11%

Skills That Affect Senior Analyst, Compensation Salaries




Microsoft Office
▲1%


National Average
$83,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
4%
1-4 years
22%
5-9 years
42%
10-19 years
22%
20 years or more
10%

Common Health Benefits

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