1. What is the average salary of a Compensation Analyst I?
The average annual salary of Compensation Analyst I is $64,952.
In case you are finding an easy salary calculator,
the average hourly pay of Compensation Analyst I is $31;
the average weekly pay of Compensation Analyst I is $1,249;
the average monthly pay of Compensation Analyst I is $5,413.
2. Where can a Compensation Analyst I earn the most?
A Compensation Analyst I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Compensation Analyst I earns the most in San Jose, CA, where the annual salary of a Compensation Analyst I is $81,924.
3. What is the highest pay for Compensation Analyst I?
The highest pay for Compensation Analyst I is $77,859.
4. What is the lowest pay for Compensation Analyst I?
The lowest pay for Compensation Analyst I is $58,525.
5. What are the responsibilities of Compensation Analyst I?
Analyzes, designs, and administers employer compensation programs, including base pay, long and short-term incentives, spot bonuses, commissions, and stock that align with company objectives for recruiting, retention, and employee engagement. Designs and communicates pay structures, grades, compensation budgets, and guidelines. Advises managers on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines. Evaluates jobs and develops and maintains job descriptions and job architecture. Participates in compensation surveys, conducts research and analysis on market competitiveness, pay equity, and compensation trends. Requires a bachelor's degree or equivalent. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.
6. What are the skills of Compensation Analyst I
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Market Pricing: Setting the price of a product or service according to the current market price to ensure the business remains competitive while still growing ROI.
3.)
Job Analysis: The process of studying a job to determine which activities and responsibilities it includes, its relative importance to other jobs, the qualifications necessary for performance of the job and the conditions under which the work is performed.