As of April 01, 2025, the average annual salary for a Compensation Specialist I in Miami, FL is $62,500. Salary.com reports that pay typically ranges from $59,200 to $68,900, with most professionals earning between $56,196 and $74,727.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $68,900 | $5,742 | $1,325 | $33 |
| Average | $62,500 | $5,208 | $1,202 | $30 |
| 25th Percentile | $59,200 | $4,933 | $1,138 | $28 |
An entry-level Compensation Specialist I with under 1 year experience makes about $62,208. With less than 2 years of experience, a mid-level Compensation Specialist I makes around $62,452. After 2-4 years, the Compensation Specialist I pay rises to about $63,622. Those senior Compensation Specialist I with 5-8 years of experience earn roughly $64,402, and those Compensation Specialist I having 8 years or more experience are expected to earn about $64,597 on average.
| Levels | Salary |
|---|---|
| Entry Level Compensation Specialist I | $62,208 |
| Intermediate Level Compensation Specialist I | $62,452 |
| Senior Level Compensation Specialist I | $63,622 |
| Specialist Level Compensation Specialist I | $64,402 |
| Expert Level Compensation Specialist I | $64,597 |
| Entry Level | 0% |
| Mid Level | 0% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 3% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Executive Compensation
|
$69,375 |
11%
|
|
Presentation
|
$65,625 |
5%
|
|
Consulting
|
$65,625 |
5%
|
|
Economics
|
$65,000 |
4%
|
|
Insight
|
$65,000 |
4%
|
|
Alignment
|
$65,000 |
4%
|
