Compensation Analyst Salary

An average Compensation Analyst in the United States can expect to take home roughly $62K annually. Total cash compensation to Compensation Analysts approaches anywhere from $45K on the lower end to $86K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $6K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by experience level. For the most part, Compensation Analysts enjoy their work and report high levels of job satisfaction. The majority of Compensation Analysts (61 percent) who took the survey are female. Most report receiving medical and dental coverage from their employers and a strong majority collect vision insurance. This report is based on answers to PayScale's salary questionnaire.
Read More
$46,165 - $82,937
$46K
$61K
$83K
MEDIAN: $61,412
10%
50%
90%

Add this chart to your site: 640px    300px

$16.61 - $33.93
$17
$25
$34
MEDIAN: $25.37
10%
50%
90%

Add this chart to your site: 640px    300px

$0$85K
Salary $46,165 - $82,937
Bonus $965 - $9,911
Profit Sharing $500 - $6,387
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).
)
$45,426 - $85,297
  • Country: United States
  • Currency: USD
  • Updated: 10 Dec 2017
  • Individuals Reporting: 1,183
Hourly Data $0$53
Hourly Rate $16.61 - $33.93
Overtime $25.96 - $53.09
Annual Data $0$85K
Bonus $965 - $9,911
Profit Sharing $500 - $6,387
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).
)
$45,426 - $85,297
  • Country: United States
  • Currency: USD
  • Updated: 10 Dec 2017
  • Individuals Reporting: 123

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.

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.

Common Career Paths for Compensation Analyst


Add this chart to your site:   640px 640px    300px 300px


As Compensation Analysts transition into upper-level roles such as Compensation Manager, they may see a strong upturn in salary. Compensation Managers earn $101K on average per year. The most common next step for a Compensation Analyst is to become a Senior Compensation Analyst or a Compensation Manager. The former position pays an additional $14K per year on average, and the latter position pays $31K more per year.

Compensation Analyst Job Listings

Popular Skills for Compensation Analyst


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Microsoft Access, Project Management, Benefits & Compensation, and Data Analysis are correlated to pay that is above average. Those listing Human Resources as a skill should be prepared for drastically lower pay. PeopleSoft and compensation also typically command lower compensation. Most people familiar with Data Analysis also know Microsoft Office.

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: $62,155

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

San Francisco is home to an above-average pay rate for Compensation Analysts, 35 percent higher than the national average. Compensation Analysts can also look forward to large paychecks in cities like San Diego (+13 percent), Washington (+12 percent), New York (+9 percent), and Boston (+5 percent). Compensation Analysts in San Antonio take home the lowest salaries, earning a whopping 35 percent less than the national average. Omaha and Dallas are a couple other places where companies are known to pay below the median — salaries are 12 percent lower and 9 percent lower, respectively.

Related Job Salaries

Key Stats for Compensation Analyst

Gender

Female
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 167 votes.
Less than 1 year
8%
1-4 years
55%
5-9 years
21%
10-19 years
13%
20 years or more
4%

Experience Affects Compensation Analyst Salaries

▲22%

▲18%

▲13%

National Average
$62,000

▼5%

Skills That Affect Compensation Analyst Salaries

Microsoft Access
▲20%



Project Management
▲2%



National Average
$62,000

Microsoft Word
▼1%


compensation
▼7%

PeopleSoft
▼16%

Human Resources
▼22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 167 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
8%
1-4 years
55%
5-9 years
21%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 86%
vision benefits
Vision: 79%
no benefits
None: 8%