Avg. Base Salary (USD)
The average salary for a Compensation Analyst is $64,692
What is the Pay by Experience Level for Compensation Analysts?
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 $56,205 based on 91 salaries. An early career Compensation Analyst with 1-4 years of experience earns an average total compensation of $62,824 based on 706 salaries. A …Read more
What Do Compensation Analysts Do?
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 …Read more
- 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.