A person working as a Compensation Specialist in United States of America will on average earn $70926 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $70,926.00 |
| Weekly salary | $1,363.96 |
| Daily salary | $194.32 |
| Hourly salary | $24.29 |
This means compensation specialist salary is above average!
Job Industry: human resources
Description: A compensation specialist is responsible for designing, implementing, and managing an organization's compensation and benefits programs. They analyze salary data, market trends, and industry benchmarks to ensure that the company's compensation packages are competitive and aligned with the overall business strategy. Compensation specialists also develop and administer performance-based incentive plans, evaluate job positions, and conduct salary surveys. They collaborate with HR teams to ensure compliance with legal requirements and internal policies, and provide guidance to managers and employees on compensation-related matters. Additionally, they may be involved in conducting research and analysis to support the development of compensation policies and practices.
Tagged with: compensation specialist, compensation management, benefits administration, salary analysis, performance-based incentives, HR compliance.