Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States take home approximately $77K annually on average. Compensation ranges 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 $7K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of Senior Compensation Analysts (61 percent) who took the survey are female. Job satisfaction for Senior Compensation Analysts is high. Respondents to the PayScale salary survey provided the data for this report.

$59,561 - $95,988

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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
$59,561 - $95,988  
   
Bonus
$0.00 - $11,715  
Profit Sharing
$402.68 - $6,953  
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).
)
$60,416 - $102,323  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 369
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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' salaries may rise greatly for those who assume a higher-end position such as a Compensation Manager. The average Compensation Manager brings home $102K per year.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Senior Compensation Analysts report using a diverse set of skills on the job. 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. 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.


For Senior Compensation Analysts, experience does not seem to be a major factor in determining pay. Survey participants with less than five years' experience pocket $74K on average, but those with five to 10 years of experience enjoy a much bigger median of $82K. On average, Senior Compensation Analysts make $86K following one to two decades on the job. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $87K.

Pay Difference by Location


Surpassing the national average by 14 percent, Senior Compensation Analysts in Houston receive some of the highest pay in the country. Senior Compensation Analysts can also look forward to large paychecks in cities like Irvine (+11 percent), Seattle (+10 percent), Dallas (+8 percent), and New York (+2 percent). The smallest paychecks in the market, 14 percent south of the national average, can be found in St. Louis. Cincinnati and San Diego are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 6 percent lower, respectively.

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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 66 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
22%
5-9 years
39%
10-19 years
26%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 4%
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