As of December 01, 2024, the average annual pay of Compensation Specialist IV in Memphis, TN is $120,800. While Salary.com is seeing that Compensation Specialist IV salary in Memphis, TN can go up to $142,961 or down to $100,358, but most earn between $110,100 and $132,400. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Compensation Specialist IV in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $132,400 | $11,033 | $2,546 | $64 |
| Average | $120,800 | $10,067 | $2,323 | $58 |
| 25th Percentile | $110,100 | $9,175 | $2,117 | $53 |
An entry-level Compensation Specialist IV with under 1 year experience makes about $114,173. With less than 2 years of experience, a mid-level Compensation Specialist IV makes around $114,956. After 2-4 years, the Compensation Specialist IV pay rises to about $116,209. Those senior Compensation Specialist IV with 5-8 years of experience earn roughly $117,775, and those Compensation Specialist IV having 8 years or more experience are expected to earn about $120,005 on average.
| Levels | Salary |
|---|---|
| Entry Level Compensation Specialist IV | $114,173 |
| Intermediate Level Compensation Specialist IV | $114,956 |
| Senior Level Compensation Specialist IV | $116,209 |
| Specialist Level Compensation Specialist IV | $117,775 |
| Expert Level Compensation Specialist IV | $120,005 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 3% |
| Experienced | 1% |
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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 |
|---|---|---|
|
Executive Compensation
|
$135,296 |
12%
|
|
Salary Planning
|
$134,088 |
11%
|
|
Partnering
|
$130,464 |
8%
|
|
Consulting
|
$129,256 |
7%
|
|
Innovation
|
$128,048 |
6%
|
|
Alignment
|
$126,840 |
5%
|
