Senior Analyst, Compensation Salary

For Senior Compensation Analysts, yearly average wages total $77K annually. Earnings generally vary between $61K and $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. Women make up the majority of Senior Compensation Analysts (61 percent) who completed the questionnaire. Job satisfaction for Senior Compensation Analysts is high. This report is based on answers to PayScale's salary questionnaire.

$59,606 - $95,689
(Median)
$60K
$77K
$96K
MEDIAN: $76,709
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
$59,606 - $95,689  
   
Bonus
$0.00 - $11,684  
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).
)
$60,529 - $102,010  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 363
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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.

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Popular Skills for Senior Analyst, Compensation


Just a handful of professional skills are reported by Senior Compensation Analysts who took the survey. 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. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $74K on average, people with five to 10 years benefit from a notably larger average of $81K. Senior Compensation Analysts bring in $86K after working for 10 to 20 years. 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


For those looking to make money, Senior Compensation Analysts in Houston enjoy an exceptional pay rate, 14 percent above the national average. Senior Compensation Analysts can also look forward to large paychecks in cities like Irvine (+10 percent), Seattle (+7 percent), Dallas (+7 percent), and New York (+4 percent). St. Louis is home to the smallest salaries in the field, lagging the national average by 14 percent. Workers in Cincinnati and San Diego earn salaries that trail the national average for those in this profession (7 percent less and 6 percent less, 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 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
61 %
Male
39 %

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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