The average salary for a Compensation Consultant is $87,179.
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$59k - $137k
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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 other…Read more
Job Satisfaction for Compensation Consultant
The top respondents for the job title Compensation Consultant are from the companies AON Inc, Mercer LLC and Towers Watson. Reported salaries are highest at AON Inc where the average pay is $101,250. Mercer LLC pays the lowest at around $76,319.
Compensation Consultant Job Listings
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Popular Skills for Compensation Consultant
Benefits & Compensation
Skills in Data Analysis, Microsoft Excel, Benefits & Compensation, Project Management and Incentive Systems are correlated to pay that is above average.
Pay by Experience Level for Compensation Consultant
An entry-level Compensation Consultant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $65,267 based on 9 salaries. An early career Compensation Consultant with 1-4 years of experience earns an average total compensation of $78,661 based on 85 salaries. A mid-career Compensation Consultant with 5-9 years of experience earns an average total compensation of $88,622 based on 78 salaries. An experienced Compensation Consultant with 10-19 years of experience earns an average total compensation of $98,426 based on 67 salaries. In their late career (20 years and higher), employees earn an average total compensation of $108,206.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Compensation Consultant in their job title in San Francisco, California earn an average of 40.5% more than the national average. These job titles also find higher than average salaries in Minneapolis, Minnesota (9.3% more) and New York, New York (3.4% more). The lowest salaries can be found in Atlanta, Georgia (15.1% less), Chicago, Illinois (7.4% less) and Boston, Massachusetts (1.6% less).
Years of Experience
This data is based on 267 survey responses.
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