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As of August 01, 2026, the average salary for a Total Rewards Analyst V in Illinois is $172,900 per year, which breaks down to an hourly rate of $83.
However, a Total Rewards Analyst V's salary can vary significantly. Here’s a look at the typical salary range:
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Total Rewards Analyst V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $184,000 | $15,333 | $3,538 | $88 |
| Average | $172,900 | $14,408 | $3,325 | $83 |
| 25th Percentile | $163,600 | $13,633 | $3,146 | $79 |
Addison Group - Northbrook, IL
Confidential - Northbrook, IL
Tong Miller & Associates - Chicago, IL
Tong Miller & Associates - Chicago, IL
A Total Rewards Analyst V'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 Total Rewards Analyst V'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 |
|---|---|---|
| Total Rewards Analyst III | 4-7 years | $99,617 |
| Total Rewards Analyst IV | 7+ years | $123,463 |
| Total Rewards Analyst V | 7-10 years | $172,830 |
| Compensation and Benefits Operations Team Leader | 10+ years | $114,792 |
| Manager of Total Rewards | 10+ years | $133,701 |
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 Total Rewards Analyst Vs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Total Rewards Analyst V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $193,552. While startup companies pay approximate $163,740.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $163,740 |
| Growth Stage | 51~500 | $173,174 |
| Established | 501~5000 | $186,908 |
| Enterprise | 5000+ | $193,552 |
For Total Rewards Analyst V 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 Internet and Energy & Utilities sectors offer the strongest compensation, at 12% above the average. In contrast, Total Rewards Analyst positions in Edu., Gov't. & Nonprofit or Hospitality & Leisure typically offer lower base pay, as these industries often view Total Rewards Analyst V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Internet | $193,648 | $93.0 | 12% |
| Energy & Utilities | $190,190 | $91.0 | 10% |
| Financial Services | $190,190 | $91.0 | 10% |
| Aerospace & Defense | $186,732 | $90.0 | 8% |
| Pharmaceuticals | $186,732 | $90.0 | 8% |
Understanding how a Total Rewards Analyst V'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $184,000 | $15,333 | $3,538 | $88 |
| Average | $172,900 | $14,408 | $3,325 | $83 |
| 25th Percentile | $163,600 | $13,633 | $3,146 | $79 |
For a Total Rewards Analyst V, the most direct path to higher earnings is advancing to the Compensation and Benefits Operations Team Leader role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $114,800 - a projected growth of -34% over your current level.
Ready to take the next step in your career? Browse thousands of current Total Rewards Analyst V job openings on our job board. Use the search bar below to find your perfect match.
UL Solutions
Chicago, IL
UL Solutions | Chicago, IL
Job Description. Reporting to the EVP, Chief Human Resources Officer, the VP HR Total Rewards is responsible for the strategic design, governance, and exec... more
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Crescent City Recruitment Group
Spring Grove, IL
Crescent City Recruitment Group | Spring Grove, IL
Total Rewards ManagerPosition Summary:The Total Rewards Manager is responsible for leading the HR Department in aligning business objectives with the compe... more
6 Days Ago
Lincoln International
Chicago, IL
Lincoln International | Chicago, IL
We are trusted investment banking advisors to business owners and senior executives of leading private equity firms and their portfolio companies and to pu... more
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Scot Forge
Spring Grove, IL
Scot Forge | Spring Grove, IL
Scot Forge is a 130 year-old, 100% employee-owned company that manufactures custom open die and rolled ring forgings. At Scot Forge, we help our customers ... more
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OpenGov
Chicago, IL
OpenGov | Chicago, IL
Job Summary. OpenGov is looking for a Senior Director of HR Operations & Total Rewards to serve as the strategic and operational architect of our HR functi... more
3 Days Ago
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