Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States pull down an average of $77K annually. Total incomes of Senior Compensation Analysts incorporate potential for, in a few cases, more than $11K from bonuses and close to $9K from profit sharing; these performance components cause packages to range between $61K and $103K. Location is the biggest factor affecting pay for this group, followed by career length. Most Senior Compensation Analysts like their work and job satisfaction is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Senior Compensation Analysts survey participants are largely women, dominating at 61 percent.

$60,060 - $97,240
(Median)
$60K
$77K
$97K
MEDIAN: $77,117
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
$60,060 - $97,240  
   
Bonus
$0.00 - $11,232  
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).
)
$60,578 - $102,856  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 393
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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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Though some Senior Compensation Analysts move into positions like Compensation Manager (where the average salary is $100K), this progression is not the norm. It is more probable, however, that Senior Compensation Analysts become Compensation Managers or Compensation Consultants.

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 are correlated to lower pay, on the other hand, 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 many Senior Compensation Analysts, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $75K, but people who have been around for five to 10 years earn a noticeably bigger sum of $82K. For Senior Compensation Analysts, 10 to 20 years of experience on the job amounts to an average salary of $87K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $88K.

Pay Difference by Location

National Average: $80,535

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

For those looking to make money, Senior Compensation Analysts in Dallas enjoy an exceptional pay rate, 20 percent above the national average. Senior Compensation Analysts can also look forward to large paychecks in cities like Houston (+14 percent), Irvine (+10 percent), Seattle (+9 percent), and Boston (+5 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Memphis. Two other places where employers offer below-median salaries are St. Louis (14 percent less) and San Diego (6 percent less).

Related Job Salaries

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Experience Affects Senior Analyst, Compensation Salaries




National Average
$81,000


Skills That Affect Senior Analyst, Compensation Salaries


Data Analysis
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$81,000

Microsoft Office
up arrow 3%

Microsoft Word
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
39%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 88%
medical benefits
Vision: 77%
dental benefits
None: 4%
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