Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States take home approximately $77K annually on average. The pay spectrum stretches from $61K to $102K per year. Cash earnings for Senior Compensation Analysts — which occasionally include more than $12K from bonuses and more than $9K from profit sharing — stretch from around $61K to approximately $102K. Residence is the biggest factor affecting pay for this group, followed by career length. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of Senior Compensation Analysts (60 percent) who took the survey are female. Job satisfaction for Senior Compensation Analysts is high. This snapshot results from replies to PayScale's salary survey.

$59,912 - $95,703
(Median)
$60K
$77K
$96K
MEDIAN: $76,738
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
$59,912 - $95,703  
   
Bonus
$0.00 - $11,657  
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).
)
$60,872 - $102,149  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 367
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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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As Senior Compensation Analysts transition into upper-level roles such as Compensation Manager, they may see a strong upturn in salary. Compensation Managers earn $102K on average per year.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Professional skills reported by Senior Compensation Analysts are few in number. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Word. Those familiar with Data Analysis also tend to know 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. Salaries for the relatively untried average out to around $75K, but survey participants with five to 10 years of experience earn a significantly higher median of $81K. After working for 10 to 20 years, Senior Compensation Analysts make a median salary of $86K. Senior Compensation Analysts with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $88K.

Pay Difference by Location


Home to some of the best pay for Senior Compensation Analysts, Houston offers exceptional salaries, 14 percent above the national average. Senior Compensation Analysts can also look forward to large paychecks in cities like Irvine (+10 percent), Seattle (+8 percent), Dallas (+8 percent), and New York (+4 percent). St. Louis is the lowest-paying area, 14 percent south of the national average. Employers pay around 8 percent less in Cincinnati and 6 percent less in San Diego, below-median salaries for those in this field.

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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
0%

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 70 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
22%
5-9 years
40%
10-19 years
26%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 79% employee benefits None: 4%
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