As of March 01, 2025, the average annual salary for a Compensation Specialist II in Rockford, IL is $79,500. Salary.com reports that pay typically ranges from $72,100 to $88,300, with most professionals earning between $65,363 and $96,312.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $88,300 | $7,358 | $1,698 | $42 |
| Average | $79,500 | $6,625 | $1,529 | $38 |
| 25th Percentile | $72,100 | $6,008 | $1,387 | $35 |
An entry-level Compensation Specialist II with under 1 year experience makes about $76,406. With less than 2 years of experience, a mid-level Compensation Specialist II makes around $76,627. After 2-4 years, the Compensation Specialist II pay rises to about $79,478. Those senior Compensation Specialist II with 5-8 years of experience earn roughly $83,030, and those Compensation Specialist II having 8 years or more experience are expected to earn about $83,284 on average.
| Levels | Salary |
|---|---|
| Entry Level Compensation Specialist II | $76,406 |
| Intermediate Level Compensation Specialist II | $76,627 |
| Senior Level Compensation Specialist II | $79,478 |
| Specialist Level Compensation Specialist II | $83,030 |
| Expert Level Compensation Specialist II | $83,284 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 0% |
| Top Level | 4% |
| Experienced | 5% |
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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.
Talent Acquisition: Talent acquisition is the process of identifying organizational staffing needs, recruiting qualified candidates and selecting the candidates best suited for the available positions.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
| Skill | Salary | Demand |
|---|---|---|
|
Compensation Planning
|
$83,475 |
5%
|
|
Partnering
|
$83,475 |
5%
|
|
Executive Compensation
|
$83,475 |
5%
|
|
Project Management
|
$82,680 |
4%
|
|
Economics
|
$81,885 |
3%
|
|
Insight
|
$81,885 |
3%
|
