The average salary for a Compensation Specialist is $61,186.
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Job Description for Compensation Specialist
Compensation specialists are responsible for developing and implementating different compensation programs and strategies on behalf of their company. They are in charge of modifying different salary and wage initiatives that will benefit specific employees and their organization. These individuals are organized and possess strong problem-solving skills to overcome administrative and financial obstacles. They work in an office environment with a regular 9-5 schedule. They also use a personal comp…Read more
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Popular Skills for Compensation Specialist
Benefits & Compensation
Skills in Benefits & Compensation and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Word, Microsoft Office and Microsoft Excel.
Pay by Experience Level for Compensation Specialist
An entry-level Compensation Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $53,120 based on 13 salaries. An early career Compensation Specialist with 1-4 years of experience earns an average total compensation of $57,990 based on 122 salaries. A mid-career Compensation Specialist with 5-9 years of experience earns an average total compensation of $70,039 based on 56 salaries. An experienced Compensation Specialist with 10-19 years of experience earns an average total compensation of $63,628 based on 50 salaries. In their late career (20 years and higher), employees earn an average total compensation of $77,792.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Compensation Specialist in their job title in Washington, District of Columbia earn an average of 84.7% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (68.1% more) and New York, New York (33.1% more). The lowest salaries can be found in Atlanta, Georgia (21.6% less), Omaha, Nebraska (20.1% less) and Houston, Texas (18.3% less).
Years of Experience
This data is based on 255 survey responses.
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