The average salary for a Compensation Analyst in Canada is C$60,932.
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C$45k - C$80k
C$1k - C$8k
C$45k - C$83k
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Job Description for Compensation Analyst
Compensation analysts work with human resource and operations professionals to perform a series of functions that ensure the company offers competitive compensation levels to attract and retain talent. At its core, the compensation analyst administers the company's business unit-specific variable pay programs. The work is ongoing, since the compensation analyst is responsible for reviewing and updating existing pay programs and developing new pay programs. In this review process, the compensati…Read more
Compensation Analyst Tasks
- Ensure company compliance with country specific regulations and laws, including reporting requirements.
- Monitor cost differentials, taxes for equalization and country specific incentives and variable pay.
- Analyze country specific data and relevant market trends, develop salary structures and market pricing recommendations.
- Review and monitor employee pay and recommend reviews if necessary.
- Identify relevant market data and trends regarding executive compensation and present recommendations.
Explore the most common career paths for Compensation Analyst. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Compensation Analyst Job Listings
Popular Skills for Compensation Analyst
Benefits & Compensation
Human Resources (HR)
Skills in Microsoft Excel, Data Analysis, Benefits & Compensation and Human Resources (HR) are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office.
Pay by Experience Level for Compensation Analyst
An entry-level Compensation Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$48,396 based on 7 salaries. An early career Compensation Analyst with 1-4 years of experience earns an average total compensation of C$60,175 based on 53 salaries. A mid-career Compensation Analyst with 5-9 years of experience earns an average total compensation of C$67,407 based on 28 salaries. An experienced Compensation Analyst with 10-19 years of experience earns an average total compensation of C$70,000 based on 8 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Compensation Analyst in their job title in Calgary, Alberta earn an average of 31.3% more than the national average. These job titles also find higher than average salaries in Toronto, Ontario (0.8% more). The lowest salaries can be found in Winnipeg, Manitoba (24.5% less) and Montréal, Québec (21.2% less).
Years of Experience
This data is based on 96 survey responses.
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