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Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States can expect wages of $76K per year on average. Earnings generally vary between $60K and $102K per year. In the world of Senior Compensation Analysts, total cash compensation can vary between $60K and $102K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $12K and $9K, respectively. Residence and years of experience each impact pay for this group, with the former having the largest influence. Female Senior Compensation Analysts survey participants are more prevalent than men — 61 percent of professionals. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. For the most part, Senior Compensation Analysts enjoy their work and report high levels of job satisfaction.

$59,413 - $95,106
(Median)
$59K
$76K
$95K
MEDIAN: $76,472
10%
50%
90%

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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$50K$100K$150K
Salary
$59,413 - $95,106  
   
Bonus
$0.00 - $11,673  
Profit Sharing
$408.51 - $8,808  
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).
)
$60,314 - $101,587  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 355
United States (change)

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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 may progress into high-paying roles like Compensation Manager, where median compensation is $101K annually.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Survey results show that Senior Compensation Analysts use a fair number of skills. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Word. Most people skilled in Data Analysis are similarly competent in Microsoft Office.

Pay by Experience Level for Senior Analyst, Compensation

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


For many Senior Compensation Analysts, extensive experience does not lead to significantly more money. Although individuals who have less than five years' experience earn $74K on average, people with five to 10 years benefit from a notably larger average of $81K. Senior Compensation Analysts who work for 10 to 20 years in their occupation tend to earn about $84K. 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 $86K on average.

Pay Difference by Location


Houston is home to an above-average pay rate for Senior Compensation Analysts, 14 percent higher than the national average. Senior Compensation Analysts will also find cushy salaries in Irvine (+11 percent), Dallas (+8 percent), Seattle (+7 percent), and New York (+5 percent). In Cincinnati, salaries are 7 percent below the national average and represent the lowest-paying market. Employers also pay below the national average in Atlanta (4 percent lower) and Raleigh (1 percent lower).

Related Job Salaries

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Experience Affects Senior Analyst, Compensation Salaries




National Average
$80,000


Skills That Affect Senior Analyst, Compensation Salaries


Data Analysis
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$80,000

Microsoft Office
up arrow 2%

Microsoft Word
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
23%
5-9 years
41%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 78% employee benefits None: 5%
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