Compensation Analyst in Chicago, Illinois Salary

How much does a Compensation Analyst make in Chicago, IL? A Compensation Analyst in Chicago earns an average of $61,250 per year. This is 3% below the national average for a Compensation Analyst which is $63,093 per year. Salaries for a Compensation Analyst in Chicago range from $49,216 annually to $83,988 per year. Total Annual Pay, which includes salary and bonus for a Compensation Analyst in Chicago ranges from $49,216 to $83,988 annually. Among those reporting, there is an average job satisfaction rating of 5 out of 5 stars. Women make up 64% of the Compensation Analyst workforce in Chicago among those reporting. In Chicago, a Compensation Analyst often enjoys medical, dental, and vision benefits provided by their employer.

$49,216 - $83,988
$49K
$61K
$84K
MEDIAN: $61,250
10%
50%
90%

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$0$83K
Salary $49,216 - $83,988
Bonus $4,913
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).
)
$49,216 - $83,988
  • Country: United States
  • Currency: USD
  • Updated: 20 Nov 2017
  • Individuals Reporting: 24

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.

About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Compensation Analyst Job Listings

Key Stats for Compensation Analyst

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
4%
1-4 years
75%
5-9 years
8%
10-19 years
4%
20 years or more
8%

Skills That Affect Compensation Analyst Salaries

National Average
$65,000

Data Analysis
▼4%

Microsoft Excel
▼8%

Human Resources Information System (HRIS)
▼12%

Benefits & Compensation
▼21%

Microsoft Word
▼21%

Microsoft Office
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
4%
1-4 years
75%
5-9 years
8%
10-19 years
4%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 86%
vision benefits
Vision: 86%
no benefits
None: