Senior Analyst, Compensation Salary

The average Senior Compensation Analyst in the United States earns approximately $80K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Most Senior Compensation Analysts report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Women account for the majority of Senior Compensation Analysts who responded to the questionnaire — 68 percent to be exact. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$61,230 - $100,944
$61K
$80K
$100K
MEDIAN: $79,879
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
$61,230 - $100,944  
   
Bonus
$975 - $14,399  
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).
)
$60,855 - $105,546  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 265
© PayScale, Inc. @ www.payscale.com
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
$975 - $14,399  
   
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).
)
$60,855 - $105,546  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 15
© PayScale, Inc. @ www.payscale.com

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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

  • 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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At the upper end, Senior Compensation Analysts who move into a Director of Compensation role can end up with a hefty increase in pay. The average income for Directors of Compensation is a much higher $123K per year. It is quite typical for Senior Compensation Analysts to transition into roles as Compensation Managers or Compensation Managers, where reported median earnings are $10K and $18K higher per year.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Microsoft Excel, Benefits & Compensation, Data Analysis, and Microsoft Office are correlated to pay that is above average. 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.


Salaries for the relatively untried average out to around $74K, but survey participants with five to 10 years of experience earn a significantly higher median of $85K. Senior Compensation Analysts see a median salary of $92K after reaching one to two decades on the job. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $91K.

Pay Difference by Location

National Average: $83,499

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, 18 percent above the national average. Senior Compensation Analysts will also find cushy salaries in Dallas (+16 percent), Seattle (+10 percent), Irvine (+6 percent), and Boston (+3 percent). Memphis ranks last in the field for pay, reporting salaries 19 percent below the national average. Workers in St. Louis and San Diego earn salaries that trail the national average for those in this profession (17 percent less and 10 percent less, respectively).

Related Job Salaries

Key Stats for Senior Analyst, Compensation

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.
Less than 1 year
4%
1-4 years
22%
5-9 years
39%
10-19 years
21%
20 years or more
14%
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 43 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
4%
1-4 years
22%
5-9 years
39%
10-19 years
21%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 87%
vision benefits
Vision: 75%
dental benefits
None: 4%
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