As of December 01, 2024, the average annual pay of Compensation Analyst I in Palatine, IL is $68,240. While Salary.com is seeing that Compensation Analyst I salary in Palatine, IL can go up to $81,167 or down to $55,830, but most earn between $61,744 and $75,006. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Compensation Analyst I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $73,106 | $6,092 | $1,406 | $35 |
| Average | $66,511 | $5,543 | $1,279 | $32 |
| 25th Percentile | $60,179 | $5,015 | $1,157 | $29 |
An entry-level Compensation Analyst I with under 1 year experience makes about $66,908. With less than 2 years of experience, a mid-level Compensation Analyst I makes around $67,401. After 2-4 years, the Compensation Analyst I pay rises to about $68,593. Those senior Compensation Analyst I with 5-8 years of experience earn roughly $69,389, and those Compensation Analyst I having 8 years or more experience are expected to earn about $69,588 on average.
| Levels | Salary |
|---|---|
| Entry Level Compensation Analyst I | $66,908 |
| Intermediate Level Compensation Analyst I | $67,401 |
| Senior Level Compensation Analyst I | $68,593 |
| Specialist Level Compensation Analyst I | $69,389 |
| Expert Level Compensation Analyst I | $69,588 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 4% |
| Experienced | 5% |
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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.
Market Pricing: Setting the price of a product or service according to the current market price to ensure the business remains competitive while still growing ROI.
Job Analysis: The process of studying a job to determine which activities and responsibilities it includes, its relative importance to other jobs, the qualifications necessary for performance of the job and the conditions under which the work is performed.
| Skill | Salary | Demand |
|---|---|---|
|
Executive Compensation
|
$75,746 |
11%
|
|
Presentation
|
$71,652 |
5%
|
|
Consulting
|
$71,652 |
5%
|
|
Economics
|
$70,970 |
4%
|
|
Insight
|
$70,970 |
4%
|
|
Alignment
|
$70,970 |
4%
|
