Senior Analyst, Compensation Salary

An average Senior Compensation Analyst in the United States can expect to take home roughly $76K per year. Compensation ranges from $59K on the lower end to $101K per year on the higher end. Total cash compensation to Senior Compensation Analysts bottoms out near $59K and approaches $101K on the high end; the biggest paychecks include approximately $12K from bonuses and almost $9K from profit sharing. Location and career duration each impact pay for this group, with the former having the largest influence. The majority of Senior Compensation Analysts (61 percent) who took the survey are female. Job satisfaction for Senior Compensation Analysts is high. Almost all claim medical and dental insurance and a fair number get vision coverage.

$58,521 - $94,359
(Median)
$59K
$76K
$94K
MEDIAN: $76,007
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
$58,521 - $94,359  
   
Bonus
$0.00 - $11,705  
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).
)
$59,397 - $100,852  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 350

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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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At the upper end, Senior Compensation Analysts who move into a Compensation Manager role can end up with a hefty increase in pay. The average income for Compensation Managers is a much higher $101K per year.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Typical Senior Compensation Analysts report a focused set of job skills. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, 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.


For Senior Compensation Analysts, more experience in the field does not usually mean bigger paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $74K, but folks who have racked up five to 10 years see a notably higher median of $81K. People with 10 to 20 years of experience make an average of about $83K in this role. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $84K.

Pay Difference by Location


Surpassing the national average by 15 percent, Senior Compensation Analysts in Houston receive some of the highest pay in the country. Senior Compensation Analysts will also find cushy salaries in Irvine (+12 percent), Seattle (+7 percent), New York (+5 percent), and Minneapolis (+4 percent). In Cincinnati, salaries are 6 percent below the national average and represent the lowest-paying market.

Related Job Salaries

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Experience Affects Senior Analyst, Compensation Salaries




National Average
$79,000


Skills That Affect Senior Analyst, Compensation Salaries

Benefits & Compensation
up arrow 4%

Microsoft Excel
up arrow 1%

Data Analysis
up arrow 1%

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 79 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
23%
5-9 years
43%
10-19 years
25%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 90%
vision benefits Vision: 78% employee benefits None: 5%