Compensation Analyst IV Salary in Indore, IN
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How much does a Compensation Analyst IV make in Indore, IN? The average Compensation Analyst IV salary in Indore, IN is ₹2,162,441 as of March 18, 2021, but the range typically falls between ₹1,547,659 and ₹2,942,650. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost a Compensation Analyst IV Salary
Mastering key skills can significantly increase your earning potential as a Compensation Analyst IV. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 19% salary raise, while strong Microsoft Office skills boost pay by a 2%. Even Compensation Management can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Microsoft Office
Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Compensation Management
Managing and determining the salary, bonuses, and benefits to ensure competitive and appropriate compensation for employees.
More Skills...
Based on recent job listings, in-demand skills in the Compensation Analyst IV field include Analysis (19%), Microsoft Office (2%), Compensation Management (1%), and Economics (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| ₹2,573,305 |
Analysis
₹2,573,305
|
19%
|
|
| ₹2,205,690 |
Microsoft Office
₹2,205,690
|
2%
|
|
| ₹2,184,066 |
Compensation Management
₹2,184,066
|
1%
|
|
| ₹2,184,066 |
Economics
₹2,184,066
|
1%
|
What does a Compensation Analyst IV do?
Compensation Analyst IV
Neuquen, AR
Demonstrated experience in human resources administration in a complex organization, including documenting, developing and interpreting of policies and procedures.
03/15/2021
Compensation Analyst IV
Paris, FR
Demonstrates excellent consultation skills and the ability to seek out information and work effectively with all levels of employees within the organization.
02/27/2021
Compensation Analyst IV
Bordeaux, FR
Demonstrated basic knowledge of ERISA, labor cost and laws, employee benefit programs, including flexible benefit programs, financial analysis and budgeting.
02/17/2021
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Career Path for Compensation Analyst IV
About Indore, India
Indore /ɪnˈdɔːr/ (listen) is the most populous and the largest city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and has campuses of both the Indian Institute of Technology and the Indian Institute of Management. Located on the southern edge of Malwa Plateau, at an average altitude of 553 meters (1,814 ft) above sea level, it has the highest elevation among major cities of Central India. The city is 190 km (120 mi) west of the state capital of Bhopal. Indore had a census-...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Compensation Analyst IV Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Mumbai, IN |
Compared to national average
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| City, Country Jaipur, IN |
Compared to national average
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| City, Country Kanpur, IN |
Compared to national average
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| City, Country Lucknow, IN |
Compared to national average
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| City, Country Nagpur, IN |
Compared to national average
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| City, Country Indore, IN |
Compared to national average
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Employees with Compensation Analyst IV in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).
Similar Jobs to Compensation Analyst IV in Indore, IN
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| Job Title | Location | Salary Range in INR |
|---|---|---|
| Job Title Compensation Analyst I | Location Indore, IN |
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| Job Title Compensation Analyst II | Location Indore, IN |
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| Job Title Compensation Analyst III | Location Indore, IN |
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| Job Title Compensation Specialist IV | Location Indore, IN |
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| Job Title Entry Compensation Analyst | Location Indore, IN |
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Understand the base salary paid range for a Compensation Analyst IV in Indore, IN
Average Base Salary
Core compensation
1547659
2942650
The chart shows the base salary for Compensation Analyst IV in Indore ranges from ₹1,547,659 to ₹2,942,650 with the average base salary of ₹2,162,441. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Compensation Analyst IV may get paid difference by industry, location, and factors.
Compensation Analyst IV Frequently Asked Questions
Can I expect to receive a higher salary for the position of Compensation Analyst IV in Mumbai than for the same job in Nagpur in the India?
On average, a Compensation Analyst IV, working in Mumbai, India, would generally get a higher salary than those working in the city of Nagpur. The larger cities in the IN typically provide numerous opportunities for Compensation Analyst IV Jobs. Since Indore, India is an attractive place to work for many professions, Compensation Analyst IV Jobs could be competitive. Candidates need to consider personal preferences when deciding on a work location and weigh all factors including employment viability, cost of living, workforce competition, and quality of life in a particular location.
March 18, 2021
salary.com
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What is the salary range for a Compensation Analyst IV in Indore, India? What is the average hourly rate?
The average salary for a Compensation Analyst IV in Indore, India is ₹2,162,441 per year. The salary range for a Compensation Analyst IV is between ₹1,547,659 and ₹2,942,650. While we are seeing hourly wages as high as ₹1,415 and as low as ₹744, the majority of Compensation Analyst IVs are currently paid an average of ₹1,040 in Indore, India. The average salary pay range for a Compensation Analyst IV can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Compensation Analyst IV in Indore, India can differ based on any or all of these varying factors.
March 18, 2021
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Besides the base pay, what other benefits might be negotiable when considering a Compensation Analyst IV job? What common items are generally included in a total compensation package?
A total compensation package consists of base pay or salary and all other types of pay and benefits that a Compensation Analyst IV working in Indore, India will receive in exchange for their job. Some common items included in the total compensation of a Compensation Analyst IV working in the Indore, India are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Indore, India might also offer long-term incentives such as stock options or stock grants for Compensation Analyst IVs. Other popular benefits are gym memberships, free parking, monthly car expenses, free food, and company discounts. Evaluate all offered benefits to determine if they are of value to you. Consider items that you value and see if you can negotiate favorable terms for them. For example, request an extra week of vacation, reimbursement for training, flexible work hours, or subsidized parking. These perks have a value that should be included when you evaluate the entire compensation package offered to you.
March 18, 2021
salary.com
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Last Update: March 18, 2021