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Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States can expect wages of $75K annually on average. Compensation ranges between $58K and $101K per year. Residence is the biggest factor affecting pay for this group, followed by experience level. More than half of Senior Compensation Analysts (60 percent) survey participants are women. Nearly all receive medical and dental insurance and a strong majority get vision insurance. Job satisfaction for Senior Compensation Analysts is high.
$57,632 - $93,613
(Median)
$58K
$75K
$94K
MEDIAN: $75,498
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
$57,632 - $93,613  
   
Bonus
$0.00 - $11,865  
Profit Sharing
$1,017 - $6,878  
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).
)
$58,495 - $100,540  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 344
United States (change)

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 bring home $101K per year.

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. For most people, competency in Data Analysis indicates knowledge of 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 $80K. After working for 10 to 20 years, Senior Compensation Analysts make a median salary of $83K. Senior Compensation Analysts who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Pay Difference by Location


Surpassing the national average by 7 percent, Senior Compensation Analysts in Seattle receive some of the highest pay in the country. Senior Compensation Analysts will also find cushy salaries in New York (+5 percent) and Minneapolis (+5 percent). With compensation 5 percent below the national average, Cincinnati is not known for hefty paychecks and actually represents the lowest-paying market.

Related Job Salaries

Experience Affects Senior Analyst, Compensation Salaries




National Average
$79,000


Skills That Affect Senior Analyst, Compensation Salaries

Benefits & Compensation
up arrow 3%

Microsoft Excel
0%

Data Analysis
0%

National Average
$79,000

Microsoft Office
up arrow 2%

Microsoft Word
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
43%
10-19 years
27%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 91%
vision benefits Vision: 80% employee benefits None: 5%