As of August 01, 2026, the average salary for a Compensation Specialist IV in Utah is $120,800 per year, which breaks down to an hourly rate of $58.
However, a Compensation Specialist IV's salary can vary significantly. Here’s a look at the typical salary range:
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A Compensation Specialist IV's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Compensation Specialist IV's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Compensation Specialist II | 2-4 years | $75,835 |
| Compensation Specialist III | 4-7 years | $99,473 |
| Compensation Specialist IV | 7+ years | $120,786 |
| Compensation Team Leader | 7+ years | $115,823 |
| Manager Global Compensation | 7+ years | $132,579 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Compensation Specialist IVs. For example, consider the average annual salaries in these key locations:
Compensation Specialist IV salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $135,229. While startup companies pay approximate $114,400.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $114,400 |
| Growth Stage | 51~500 | $120,992 |
| Established | 501~5000 | $130,587 |
| Enterprise | 5000+ | $135,229 |
For Compensation Specialist IV roles, the industry you choose can affect earning potential by as much as 27% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Construction sectors offer the strongest compensation, at 15% above the average. In contrast, Compensation Specialist positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Compensation Specialist IV as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $138,920 | $67.0 | 15% |
| Construction | $135,296 | $65.0 | 12% |
| MFG Durable | $132,880 | $64.0 | 10% |
| Business Services | $130,464 | $63.0 | 8% |
| Energy & Utilities | $129,256 | $62.0 | 7% |
Understanding how a Compensation Specialist IV's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Promotions are the fastest way to increase your earnings. As a Compensation Specialist IV, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Compensation Team Leader | $115,900 | -4% |
| Executive Compensation Analysis Manager | $178,200 | 48% |
Ready to take the next step in your career? Browse thousands of current Compensation Specialist IV job openings on our job board. Use the search bar below to find your perfect match.
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