The average Senior Compensation Analyst in the United States earns approximately $81K per year. Location and years of experience each impact pay for this group, with the former having the largest influence. Female Senior Compensation Analysts are more common than men among those who completed the survey; more than half (69 percent) are women. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction for Senior Compensation Analysts is high. The information for this snapshot was generated by responses to the PayScale salary survey.

$61,403 - $101,719
(Median)
$61K
$81K
$100K
MEDIAN: $80,635
10%
50%
90%

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$19.39 - $44.11
(Median)
$19
$31
$44
MEDIAN: $31.00
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
$61,403 - $101,719  
   
Bonus
$1,007 - $14,429  
Profit Sharing
$3,600  
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).
)
$60,865 - $107,413  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 259
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
$1,007 - $14,429  
   
Profit Sharing
$3,600  
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).
)
$60,865 - $107,413  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 15
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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 who transition into a Director of Compensation role may receive large pay increases as the latter position pays an average $123K per year. Senior Compensation Analysts most often move into positions as Compensation Managers or Compensation Managers; those groups report median salaries that are $10K higher and $17K higher, respectively.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Senior Compensation Analysts report a narrow range of specific skills. Most notably, skills in Microsoft Excel, Benefits & Compensation, Data Analysis, and Microsoft Office are correlated to pay that is above average. 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.


Those in the early stages of their career can expect to make around $75K; however, individuals with five to 10 years of experience bring in $85K on average — a distinctly larger sum. Senior Compensation Analysts with one to two decades of relevant experience report an average salary of approximately $93K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $91K.

Pay Difference by Location

National Average: $83,950

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

For Senior Compensation Analysts, Dallas provides a pay rate that is 17 percent greater than the national average. Senior Compensation Analysts will also find cushy salaries in Houston (+12 percent), Seattle (+12 percent), Irvine (+5 percent), and Boston (+3 percent). Falling short of the national average by 19 percent, the area with the worst salaries is Memphis. Employers also pay below the national average in St. Louis (18 percent lower) and San Diego (10 percent lower).

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Experience Affects Senior Analyst, Compensation Salaries




National Average
$84,000


Skills That Affect Senior Analyst, Compensation Salaries

Microsoft Excel
up arrow 3%

Benefits & Compensation
up arrow 3%

Data Analysis
up arrow 1%

Microsoft Office
up arrow 1%

National Average
$84,000

Microsoft Word
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
3%
1-4 years
24%
5-9 years
40%
10-19 years
21%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 86%
medical benefits
Vision: 74%
dental benefits
None: 5%
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