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As of August 01, 2026, the average salary for a Compensation And Benefits Analyst in Indiana is $92,861 per year, which breaks down to an hourly rate of $45.
However, a Compensation And Benefits Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Compensation And Benefits Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $96,678 | $8,057 | $1,859 | $46 |
| Average | $92,861 | $7,738 | $1,786 | $45 |
| 25th Percentile | $89,293 | $7,441 | $1,717 | $43 |
Five Star Recruiting and Staffing - Warsaw, IN
Elanco - Indianapolis, IN
CompHealth - Gary, IN
Indianapolis Staffing - Indianapolis, IN
A Compensation And Benefits Analyst'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 Compensation And Benefits Analyst'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:
| Levels | Salary |
|---|---|
| Compensat... Level Compensation And Benefits Analyst | $61,347 |
| Compensat... Level Compensation And Benefits Analyst | $74,932 |
| Compensat... Level Compensation And Benefits Analyst | $93,108 |
| Compensat... Level Compensation And Benefits Analyst | $115,396 |
| Compensat... Level Compensation And Benefits Analyst | $161,538 |
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 Compensation And Benefits Analysts. 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:
For Compensation And Benefits Analyst roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Media and Insurance sectors offer the strongest compensation, at 50% above the average. In contrast, Compensation And Benefits Analyst positions in MFG Durable or Internet typically offer lower base pay, as these industries often view Compensation And Benefits Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Media | $139,291 | $67.0 | 50% |
| Insurance | $130,005 | $63.0 | 40% |
| Business Services | $120,719 | $58.0 | 30% |
| Aerospace & Defense | $116,076 | $56.0 | 25% |
| Pharmaceuticals | $111,433 | $54.0 | 20% |
Understanding how a Compensation And Benefits Analyst'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 | $96,678 | $8,057 | $1,859 | $46 |
| Average | $92,861 | $7,738 | $1,786 | $45 |
| 25th Percentile | $89,293 | $7,441 | $1,717 | $43 |
Ready to take the next step in your career? Browse thousands of current Compensation And Benefits Analyst job openings on our job board. Use the search bar below to find your perfect match.
Carelon
Indianapolis, IN
Carelon | Indianapolis, IN
Compensation Analyst SeniorCompensation Analyst SeniorLocation:This role requires associates to be in-office 1 - 2 days per week, fostering collaboration a... more
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Gary, IN
CompHealth. | Gary, IN
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5 Days Ago
Innovative Hematology, Inc.
Indianapolis, IN
Innovative Hematology, Inc. | Indianapolis, IN
Job Description. Job Description. About IHI. At the Innovative Hematology (IHI), we offer a future where people with rare blood disorders flourish. Our exp... more
8 Days Ago
InPwr
Indianapolis, IN
InPwr | Indianapolis, IN
Job Description. Job Description. InPwr, Inc. is looking for a. Compensation & Benefits Manager. to join our dynamic team. We are an award-winning electric... more
8 Days Ago
Apex Benefits Group, Inc.
Indianapolis, IN
Apex Benefits Group, Inc. | Indianapolis, IN
Job Description. Job Description. Are you interested in joining a successfully growing organization that has been recognized for over a decade as a Best Pl... more
6 Days Ago
Crete Carrier
Indianapolis, IN
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