Compensation Analyst Salary

A Compensation Analyst earns an average salary of $61,207 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Microsoft Access is associated with high pay for this job.
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$46,921 - $84,236
$47K
$63K
$84K
MEDIAN: $63,093
10%
50%
90%

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$16.21 - $31.62
$16
$25
$32
MEDIAN: $24.96
10%
50%
90%

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$0$86K
Salary $46,921 - $84,236
Bonus $515 - $9,709
Profit Sharing $727 - $6,478
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).
)
$45,405 - $86,360
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 692
Hourly Data $0$46
Hourly Rate $16.21 - $31.62
Overtime $19.63 - $46.77
Annual Data $0$86K
Bonus $515 - $9,709
Profit Sharing $727 - $6,478
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).
)
$45,405 - $86,360
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 79

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 compensation analyst observes the pay process, takes note of any inefficiencies or areas in need of improvement, prepares improvement recommendations along with supporting evidence.

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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.

Common Career Paths for Compensation Analyst


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Compensation Analyst Job Listings

Popular Skills for Compensation Analyst

Pay by Experience Level for Compensation Analyst

Pay by Experience for a Compensation Analyst has a positive trend. An entry-level Compensation Analyst with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 535 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compensation Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 188 salaries. An experienced Compensation Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $74,000 based on 114 salaries. A Compensation Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $76,000 based on 27 salaries.

Pay Difference by Location

National Average: $63,285

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Compensation Analyst

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 114 votes.
Less than 1 year
8%
1-4 years
54%
5-9 years
20%
10-19 years
13%
20 years or more
4%

Experience Affects Compensation Analyst Salaries

▲20%

▲16%

▲11%

National Average
$63,000

▼7%

Skills That Affect Compensation Analyst Salaries

Microsoft Access
▲18%



Project Management
▼0%

National Average
$63,000



Microsoft Word
▼2%


compensation
▼9%

PeopleSoft
▼18%

Human Resources
▼24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 114 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
8%
1-4 years
54%
5-9 years
20%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
no benefits
None: 9%