Senior Analyst, Compensation Salary

Senior Compensation Analysts in the United States take home an average $80K annually. Overall cash earnings for Senior Compensation Analysts stretch from $61K on the lower end to $109K near the top, and the heftiest packages can encompass around $15K from bonuses and $10K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by experience level. Nearly all get medical and dental insurance, and a strong majority get vision plans, too. The majority of Senior Compensation Analysts claim high levels of job satisfaction. Women account for the majority of Senior Compensation Analysts who responded to the questionnaire — 66 percent to be exact.

$62,793 - $102,337
$63K
$80K
$100K
MEDIAN: $80,167
10%
50%
90%

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$17.43 - $45.78
$17
$29
$46
MEDIAN: $29.22
10%
50%
90%

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$0$110K
Salary $62,793 - $102,337
Bonus $972 - $14,621
Profit Sharing $0.00 - $9,863
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).
)
$61,820 - $110,203
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 293
Hourly Data $0$49
Hourly Rate $17.43 - $45.78
Overtime $49.00
Annual Data $0$110K
Bonus $972 - $14,621
Profit Sharing $0.00 - $9,863
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).
)
$61,820 - $110,203
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 17

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Senior Analyst, Compensation

Senior analysts for compensation are responsible for assisting with the development and implementation of compensation programs for their organization. They conduct extensive market analysis to research trends and compensation initiatives across their industry, as well as provide support to organizational executives for performance evaluation purposes. Senior analysts for compensation evaluate existing incentive plans and modify them according to business requirements and needs, as well as participate in compensation projects and annual review processes. Senior analysts for compensation answer compensation inquiries in a timely manner, create effective business partnerships, and help increase employee satisfaction through well-executed compensation programs.

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Senior Analyst, Compensation Tasks

  • Write job descriptions and maintain database of all job descriptions.
  • Assist in preparation of merit increase and incentive programs and budgeting.
  • Design and prepare ad hoc compensation and budget related reports for management.
  • Participate in salary surveys, and analyze data from survey sources to determine competitiveness both internally and externally.
  • Price new jobs utilizing salary surveys or slotting.

Common Career Paths for Senior Analyst, Compensation


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For Senior Compensation Analysts, progressing to a Director of Compensation role may result in a significant raise. On average, a Director of Compensation can earn $123K annually. A common career progression for a Senior Compensation Analyst is to become a Compensation Manager or a Compensation Manager. Compared to Senior Compensation Analysts, the first group earns $11K more on average, and the second group earns $18K more.

Senior Analyst, Compensation Job Listings

Popular Skills for Senior Analyst, Compensation


Senior Compensation Analysts report a narrow range of specific skills. Most notably, skills in Microsoft Excel, Benefits & Compensation, Data Analysis, and Microsoft Office are correlated to pay that is above average. Most people familiar with Data Analysis also know Microsoft Office.

Pay by Experience Level for Senior Analyst, Compensation

Pay by Experience for a Senior Analyst, Compensation has a positive trend. An entry-level Senior Analyst, Compensation with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 114 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Analyst, Compensation with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $85,000 based on 132 salaries. An experienced Senior Analyst, Compensation which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 78 salaries. A Senior Analyst, Compensation with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $91,000 based on 39 salaries.

Pay Difference by Location

National Average: $83,121

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

Senior Compensation Analysts will find that Houston offers an impressive pay rate, one which exceeds the national average by 19 percent. Senior Compensation Analysts can also look forward to large paychecks in cities like Dallas (+17 percent), Seattle (+11 percent), Irvine (+7 percent), and Boston (+4 percent). In Memphis, salaries are 18 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are St. Louis (17 percent less) and San Diego (9 percent less).

Related Job Salaries

Key Stats for Senior Analyst, Compensation

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.
Less than 1 year
4%
1-4 years
20%
5-9 years
43%
10-19 years
23%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Analyst, Compensation Salaries

▲10%

▲9%

▲2%

National Average
$83,000

▼11%

Skills That Affect Senior Analyst, Compensation Salaries




Microsoft Office
▼0%


National Average
$83,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
4%
1-4 years
20%
5-9 years
43%
10-19 years
23%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 90%
vision benefits
Vision: 78%
no benefits
None: 6%
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