How much does a Compensation Analyst I make in Sterling Heights, MI? The average Compensation Analyst I salary in Sterling Heights, MI is $65,858 as of September 01, 2024, but the range typically falls between $59,414 and $72,363. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Compensation Analyst I Salary in Sterling Heights, Michigan
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Compensation Analyst I Salary in Sterling Heights, MI
Compensation Analyst I Salaries by Percentile
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Compensation Analyst I Salary | $53,548 | Sterling Heights,MI | September 01, 2024 |
| 25th Percentile Compensation Analyst I Salary | $59,414 | Sterling Heights,MI | September 01, 2024 |
| 50th Percentile Compensation Analyst I Salary | $65,858 | Sterling Heights,MI | September 01, 2024 |
| 75th Percentile Compensation Analyst I Salary | $72,363 | Sterling Heights,MI | September 01, 2024 |
| 90th Percentile Compensation Analyst I Salary | $78,286 | Sterling Heights,MI | September 01, 2024 |
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What skills does a Compensation Analyst I need?
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.
1.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.
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.
3.
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.
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Compensation Analyst I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Consulting, you can get a 5% salary raise. If you are good at Presentation, your salary will increase by 5%. If you are expert in Insight, your salary will rise by 4%.
| Skill | Salary | Demand |
|---|---|---|
|
Consulting
|
$69,150 |
5%
|
|
Presentation
|
$69,150 |
5%
|
|
Insight
|
$68,492 |
4%
|
|
Project Management
|
$68,492 |
4%
|
|
Analysis
|
$67,833 |
3%
|
|
Initiative
|
$67,833 |
3%
|
For Employees
For Employers
What Should I Pay?
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Job Description for Compensation Analyst I
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 2024 Salary.com)... View full job description
See user submitted job responsibilities for Compensation Analyst I.
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Salary.com job board provides millions of Compensation Analyst I information for you to search for. Click on search button below to see Compensation Analyst I job openings or enter a new job title here.
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Progressive Leasing - , MIProgressive Leasing. is a leading provider of in-store and e-commerce lease-to-own solutions. As an almost 20+ year old FinTech company that has gone from ...- 3 Days Ago
Career Path for Compensation Analyst I
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Compensation Analyst I, the first career path typically starts with a Stock Plan Administrator II position, and then Stock Plan Administrator IV.
The second career path typically starts with a Compensation Analyst II position, and then progresses to Compensation Analyst IV.
Additionally, the third career path typically starts with an Executive Compensation Analyst II position, and then progresses to Executive Compensation Manager.
What does a Compensation Analyst I do?
Compensation Analyst I in Appleton, WI
The largest employer of benefits and compensation analysts was corporate management, according to the bureau.
December 23, 2019
Compensation Analyst I in Springfield, MA
That is when it calls in a benefits and compensation analyst.
February 02, 2020
Compensation Analyst I in Pensacola, FL
At least 1 year experience as a business system analyst or data analyst or financial analyst.
January 26, 2020
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Compensation Analyst I Pay Difference by Location
Compensation Analyst I salary varies from city to city. Compared with national average salary of Compensation Analyst I, the highest Compensation Analyst I salary is in San Francisco, CA, where the Compensation Analyst I salary is 25.0% above. The lowest Compensation Analyst I salary is in Miami, FL, where the Compensation Analyst I salary is 3.5% lower than national average salary.
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| City, State San Francisco, CA |
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| City, State Miami, FL |
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About Sterling Heights, Michigan
Sterling Heights is a city in Macomb County of the U.S. state of Michigan, and one of Detroit's core suburbs. As of the 2010 census, the city had a total population of 129,699. It is the second largest suburb in Metro Detroit, and the fourth largest city in Michigan. Sterling Heights consistently ranks as the safest city in Michigan with population of over 100,000.
Sterling Heights is 16 miles (26 km) from Downtown Detroit. The city's southern border is 6 miles (9.7 km) from Detroit's northern border. The shape of the city is 6 miles (9.7 km) long and 6 miles wide.
In 1991 Murray Dublin of Th...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Similar Jobs to Compensation Analyst I
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| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Compensation Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Compensation Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Compensation Analyst IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
| Job Title Compensation and Benefits Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Compensation and Benefits Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Level of Education for Compensation Analyst I
Jobs with different levels of education may pay very differently. Check the Compensation Analyst I salary of your education level.
Compensation Analyst I Salary by Global Country
Compensation Analyst I salary varies from country to country. There are several factors that mainly impact the Compensation Analyst I salary, including cost of living, economic conditions, market rates and legal differences. Click below to Compensation Analyst I salary of the other country.
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Browse Related Job Categories With Compensation Analyst I
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Understand the total compensation opportunity for a Compensation Analyst I, base salary plus other pay elements
Average Base Salary
Core compensation
59414
72363
Average Total Cash Compensation
Includes base and annual incentives
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Compensation Analyst I in Sterling Heights, MI. The base salary for Compensation Analyst I ranges from $59,414 to $72,363 with the average base salary of $65,858. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $60,729 to $74,774 with the average total cash compensation of $67,490.
Similar Job Titles:
Compensation Analyst II, Compensation Analyst III, Compensation Analyst IV, Compensation and Benefits Analyst I, Compensation and Benefits Analyst III
See additional Similar Jobs
About Sterling Heights, Michigan Sterling Heights is a city in Macomb County of the U.S. state of Michigan, and one of Detroit's core suburbs. As of the 2010 census, the city had a to....More
Sterling Heights, Michigan area prices were up 1.2% from a year ago View the Cost of Living in Sterling Heights, Michigan
Compensation Analyst I Salary in popular cities: Detroit, Grand Rapids, Warren
Skills associated with Compensation Analyst I: Market Pricing, Benchmarking, Salary Program Administration, HR Regulatory Environment & Compliance ...More
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