Compensation Consultant Salary

The average pay for a Compensation Consultant is $80,243 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.

$56,460 - $116,835
$56K
$84K
$120K
MEDIAN: $83,906
10%
50%
90%

Add this chart to your site: 640px    300px

$18.48 - $59.00
$37
MEDIAN: $37.00
50%

Add this chart to your site: 640px    300px

$0$128K
Salary $56,460 - $116,835
Bonus $1,208 - $18,013
Profit Sharing $-0.50 - $14,899
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).
)
$54,816 - $128,999
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2017
  • Individuals Reporting: 134
Hourly Data $0$82
Hourly Rate $37.00
Overtime $82.50
Annual Data $0$128K
Bonus $1,208 - $18,013
Profit Sharing $-0.50 - $14,899
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).
)
$54,816 - $128,999
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2017
  • Individuals Reporting: 9

Job Description for Compensation Consultant

Compensation consultants assist companies in creating and implementing realistic and beneficial compensation packages for their employees, typically by providing expert advice regarding the development and modification of benefits packages that the company can afford, while also providing competitive benefits which will attract new employees and retain existing ones. These benefits may include health insurance, retirement options, paid time off, and profit-sharing and bonus programs, among others. These consultants must be able to provide various packages for employees of different ranks within the company, so organizational and planning skills are important in this position, and they typically work in an office setting and maintain regular communication with managers and supervisors.

Read More...

Compensation Consultant Tasks

  • Price new jobs utilizing salary surveys or slotting.
  • Recommend merit increase and incentive programs and budgeting.
  • Review, analyze and recommend plans for employee compensation plans.
  • Analyze and present compensation and budget related reports for management.

Common Career Paths for Compensation Consultant


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

Compensation Consultant Job Listings

Popular Skills for Compensation Consultant

Pay by Experience Level for Compensation Consultant

Pay by Experience for a Compensation Consultant has a positive trend. An entry-level Compensation Consultant with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 48 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compensation Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $89,000 based on 52 salaries. An experienced Compensation Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $93,000 based on 43 salaries. A Compensation Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $106,000 based on 14 salaries.

Compensation Consultant Reviews

Q: What is it like working as a Compensation Consultant?

Compensation Consultant in Atlanta:
"Great variety in my work."
Pros: I love working with different clients on their particular issues. No solution is exactly the same.
Cons: Work can be monotonous at times.

Related Job Salaries

Key Stats for Compensation Consultant

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
3%
1-4 years
30%
5-9 years
31%
10-19 years
29%
20 years or more
8%

Experience Affects Compensation Consultant Salaries

▲15%

▲1%

National Average
$92,000

▼3%

▼22%

Skills That Affect Compensation Consultant Salaries

Human Resources
▲2%


National Average
$92,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
31%
10-19 years
29%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 80%
vision benefits
Vision: 79%
no benefits
None: 14%