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Senior Analyst, Compensation Salary

The average Senior Compensation Analyst in the United States can expect to rake in roughly $77K per year. The pay spectrum stretches from $60K to $101K per year. Cash earnings for Senior Compensation Analysts — which occasionally include more than $11K from bonuses and more than $9K from profit sharing — stretch from around $60K to approximately $101K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. There are more female Senior Compensation Analysts who answered the questionnaire than male, making up 60 percent. The majority of workers are highly satisfied with their job. The data for this synopsis comes from respondents who took the PayScale salary survey.

$59,249 - $94,967
(Median)
$59K
$77K
$95K
MEDIAN: $76,555
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
$59,249 - $94,967  
   
Bonus
$0.00 - $11,460  
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).
)
$60,170 - $101,350  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 355

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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 may experience a large salary bump if they progress into a role such as Compensation Manager. The latter position pays an average of $101K annually.

Senior Analyst, Compensation Job Listings

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Popular Skills for Senior Analyst, Compensation


Survey results suggest that Senior Compensation Analysts put a wide range of professional skills to use. Most notably, skills in Benefits & Compensation, Data Analysis, Microsoft Excel, and Microsoft Office are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Word. Those familiar with Data Analysis also tend to know Microsoft Office.

Pay by Experience Level for Senior Analyst, Compensation

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Senior Compensation Analysts with a lot of experience do not necessarily enjoy more money. Salaries for the relatively untried average out to around $74K, but survey participants with five to 10 years of experience earn a significantly higher median of $81K. The average pay reported by folks with 10 to 20 years of experience is around $84K. People who have worked for more than 20 years report a median income of $86K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For Senior Compensation Analysts, busy Houston offers a higher-than-average pay rate, 14 percent above the national average. Senior Compensation Analysts will also find cushy salaries in Irvine (+11 percent), Dallas (+8 percent), Seattle (+6 percent), and New York (+5 percent). With compensation 7 percent below the national average, Cincinnati is not known for hefty paychecks and actually represents the lowest-paying market. Atlanta and Raleigh are a couple other places where companies are known to pay below the median — salaries are 4 percent lower and 1 percent lower, respectively.

Related Job Salaries

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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 78 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
1%
1-4 years
22%
5-9 years
41%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 78% employee benefits None: 5%
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