1. What is the average salary of a Compensation Analyst III?
The average annual salary of Compensation Analyst III is $104,382.
In case you are finding an easy salary calculator,
the average hourly pay of Compensation Analyst III is $50;
the average weekly pay of Compensation Analyst III is $2,007;
the average monthly pay of Compensation Analyst III is $8,698.
2. Where can a Compensation Analyst III earn the most?
A Compensation Analyst III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Compensation Analyst III earns the most in San Jose, CA, where the annual salary of a Compensation Analyst III is $130,999.
3. What is the highest pay for Compensation Analyst III?
The highest pay for Compensation Analyst III is $123,236.
4. What is the lowest pay for Compensation Analyst III?
The lowest pay for Compensation Analyst III is $86,051.
5. What are the responsibilities of Compensation Analyst III?
Compensation Analyst III 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 III 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 III 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 or head of a unit/department. The Compensation Analyst III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Compensation Analyst III typically requires 4-7 years of related experience.
6. What are the skills of Compensation Analyst III
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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Talent Acquisition: Talent acquisition is the process of identifying organizational staffing needs, recruiting qualified candidates and selecting the candidates best suited for the available positions.
3.)
Compensation Analysis: A review of employee pay in relation to an organization's pay philosophy. It often takes into account both internal equity and external competitiveness to ensure fair pay that can attract, engage, and retain talent.