Compensation Analyst I Salary in the United States

Compensation Analyst I analyzes, designs, and administers employer compensation programs, including base pay, long and short-term incentives, spot bonuses, commissions, and stock that align with company objectives for recruiting, retention, and employee engagement. Designs and communicates pay structures, grades, compensation budgets, and guidelines. Being a Compensation Analyst I advises managers on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines. Evaluates jobs and develops and maintains job descriptions and job architecture. Additionally, Compensation Analyst I participates in compensation surveys, conducts research and analysis on market competitiveness, pay equity, and compensation trends. Requires a bachelor's degree or equivalent. Typically reports to a manager. The Compensation Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Compensation Analyst I typically requires 0-2 years of related experience. (Copyright 2023 Salary.com)... View full job description