The average salary for a Compensation Analyst is $63,141.
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$48k - $86k
$997 - $10k
$500 - $7k
$47k - $88k
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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.
Popular Employer Salaries for Compensation Analyst
The top respondents for the job title Compensation Analyst are from the companies First Republic Bank, Northrop Grumman Corporation and Stewart Title Company. Reported salaries are highest at Stewart Title Company where the average pay is $76,250. Other companies that offer high salaries for this role include First Republic Bank, earning around $75,000. The Advisory Board Company pays the lowest at around $54,000. Northrop Grumman Corporation also pays on the lower end of the scale, paying $72,996.
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
Skills in Microsoft Excel, Data Analysis, Benefits & Compensation and Human Resources Information System (HRIS) 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 $53,642 based on 117 salaries. An early career Compensation Analyst with 1-4 years of experience earns an average total compensation of $61,198 based on 842 salaries. A mid-career Compensation Analyst with 5-9 years of experience earns an average total compensation of $69,845 based on 295 salaries. An experienced Compensation Analyst with 10-19 years of experience earns an average total compensation of $73,570 based on 187 salaries. In their late career (20 years and higher), employees earn an average total compensation of $78,831.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Compensation Analyst in their job title in San Francisco, California earn an average of 33.5% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (13.2% more) and New York, New York (9.9% more). The lowest salaries can be found in Atlanta, Georgia (8.0% less), Dallas, Texas (3.2% less) and Chicago, Illinois (0.6% less).
Years of Experience
This data is based on 1,507 survey responses.
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