Senior Compensation Consultants enjoy a hefty income, with average pay passing six figures ($96K) annually in the United States. In the world of Senior Compensation Consultants, overall cash allowance can occasionally include more than $40K from bonuses and, in some exceptional cases, $20K from profit sharing, causing incomes to vary widely between $76K and $153K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Senior Compensation Consultants who participated in the survey are largely men, dominating at 67 percent. Job satisfaction is considered about average by most people in this profession. Medical and dental benefits are awarded to almost all, and a large number earn vision coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$74,617 - $129,391
(Median)
$75K
$96K
$130K
MEDIAN: $96,340
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$60K$120K$180K
Salary
$74,617 - $129,391  
   
Bonus
$4,000 - $40,000  
Profit Sharing
$-0.50 - $19,727  
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).
)
$75,692 - $153,193  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 66
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Job Description for Senior Compensation Consultant

  • Review, analyze and recommend plans for employee compensation plans.
  • Analyze and present compensation and budget related reports for management.
  • Price new jobs utilizing salary surveys or slotting.
  • Recommend merit increase and incentive programs and budgeting.

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Pay by Experience Level for Senior Compensation Consultant

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


For Senior Compensation Consultants, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Average salaries for inexperienced employees average out to around $87K, but folks who have five to 10 years of experience earn a higher median of $98K. Between one and two decades on the job, average salaries pass the six-figure mark at around $124K. People who have worked for more than 20 years report a median income of $125K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Senior Compensation Consultant Salaries

Late-Career
up arrow 21%

Experienced
up arrow 19%

National Average
$103,000

Mid-Career
up arrow 5%

Entry-Level
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

1-4 years
7%
5-9 years
44%
10-19 years
31%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 89%
medical benefits
Vision: 81%
dental benefits
None: 9%
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