As of April 01, 2025, the average annual salary for a Compensation Specialist III in Tacoma, WA is $112,400. According to Salary.com, salaries can range from a low of $89,475 to a high of $123,863, with most professionals earning between $100,400 and $118,400.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $118,400 | $9,867 | $2,277 | $57 |
| Average | $112,400 | $9,367 | $2,162 | $54 |
| 25th Percentile | $100,400 | $8,367 | $1,931 | $48 |
An entry-level Compensation Specialist III with under 1 year experience makes about $107,003. With less than 2 years of experience, a mid-level Compensation Specialist III makes around $107,898. After 2-4 years, the Compensation Specialist III pay rises to about $109,690. Those senior Compensation Specialist III with 5-8 years of experience earn roughly $113,011, and those Compensation Specialist III having 8 years or more experience are expected to earn about $115,090 on average.
| Levels | Salary |
|---|---|
| Entry Level Compensation Specialist III | $107,003 |
| Intermediate Level Compensation Specialist III | $107,898 |
| Senior Level Compensation Specialist III | $109,690 |
| Specialist Level Compensation Specialist III | $113,011 |
| Expert Level Compensation Specialist III | $115,090 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 2% |
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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.
Compensation Analysis: A review of employee pay in relation to an organization's pay philosophy. It often takes into account both internal equity and external competitiveness to ensure fair pay that can attract, engage, and retain talent.
| Skill | Salary | Demand |
|---|---|---|
|
Consulting
|
$116,896 |
4%
|
|
Executive Compensation
|
$115,772 |
3%
|
|
Innovation
|
$115,772 |
3%
|
|
Compensation Planning
|
$115,772 |
3%
|
|
Economics
|
$115,772 |
3%
|
|
Partnering
|
$114,648 |
2%
|
