How Much Do Compensation Analysts Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary compensation analysts make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for compensation analysts and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of compensation analysts are offering as compensation.
Keep reading to learn more about how much compensation analysts can expect to make in the United States.
At a Glance: Salary & Jobs for Compensation Analysts
According to data from 2022, there were about 97,425 positions for compensation analysts in the United States. In terms of salary, the national median salary for compensation analysts was reported to be $67,787. Additionally, when examining job demand, employers across the country posted 71,786 job postings related to positions for compensation analysts.
How Much Money Do Compensation Analysts Make?
Median salary is just one data point. To build a better understanding of how much money compensation analysts and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for compensation analysts.
Annual Salary for Compensation Analysts
According to the BLS, the lowest earners for compensation analysts and related professions earned about $42,245 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $117,062 annually.
As mentioned previously, the median salary for compensation analysts in the United States in 2022 was $67,787.
Annual Salary Range For Compensation Analysts In 2022
Hourly Salary for Compensation Analysts
The BLS also breaks down compensation for compensation analysts by hourly salary, and the median average hourly pay for compensation analysts in 2022 was $33. Lowest hourly earners took home $20 while the highest reported hourly salaries for compensation analysts was $56.
Hourly Salary Range For Compensation Analysts In 2022
Top Online College For Working Adults
Franklin University is a top choice for adults who need to balance school with busy lives. Founded in 1902 in Columbus, Ohio, Franklin's main focus has been serving adult students and tailoring education to fit their needs. Nonprofit and accredited by the Higher Learning Commission (hlcommission.org/800.621.7440), Franklin offers more than 50 affordable bachelor's, master's, and doctoral programs — all available 100% online.
Degree Options for Compensation Analysts
Find ways to attract, train, and retain the very best talent by implementing effective benefits and labor-relations strategies.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
- Class Type: 100% online
- Years To Complete: 3
Learn the strategic skills needed to be a leader in the evolving field of Human Resources.
- Class Type: 100% online
- Months To Complete: 14
- Accreditation: IACBE
- Placement Tests: GMAT/GRE not required for admission
Advertised Compensation for Compensation Analysts
Data from the BLS is one way to dig into compensation for compensation analysts, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for compensation analysts.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Compensation Analysts
Advertised Annual Salary
During a review of 75,004 job postings related to compensation analysts, advertised salary was included in 21,422 of them, which was 29%. Based on those postings, the median advertised salary for compensation analysts was $62,848 per year.
Hourly Salary from Job Postings for Compensation Analysts
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for compensation analysts. Based on 30% of postings with advertised compensation, the median hourly salary for open positions for compensation analysts in the United States is about $30.
Salary Trend for Compensation Analysts
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for compensation analysts. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for compensation analysts dating back to September 2019, advertised salaries for compensation analysts have increased 3%.
Advertised Wage Trend For Compensation Analysts
What's the Job Growth for Compensation Analysts?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for compensation analysts over the next 10 years.
According to the data obtained through Lightcast,™ there were 97,330 jobs for compensation analysts in the United States in 2022. By 2032, it is expected that about 12,550 jobs will be added. That's a 12.9% increase over the next 10-year period.
Employment Projections For Compensation Analysts
Additional Links
Ready to dig deeper into career information about compensation analysts? Visit our other pages focused on salary and education for compensation analysts.
What do compensation analysts do?
Compensation Analysts: How do you become one?
All Occupations
The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.