Compensation Specialist Salary in Miami, FL
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How much does a Compensation Specialist make in Miami, FL? The average Compensation Specialist salary in Miami, FL is $122,172 as of March 26, 2024, but the salary range typically falls between $111,623 and $134,213. 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.
Salary range for a Compensation Specialist
$111,623 to $134,213
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Compensation Specialist
Review the job openings and experience requirements for the Compensation Specialist job to confirm that it is the job you are seeking.
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What does a Compensation Specialist do?
Common responsibilities of a Compensation Specialist
Support job evaluation and job banding processes and provides analytics that assure validity and consistency across the sector Support in development of new reward/compensation systems and programs across all employee groups .
November 10, 2022
Performs highly complex financial and trend analysis and prepares standard quantitative and operational reports to support effectiveness and sound compensation decisions.
April 21, 2023
Completes all required administrative tasks including time reporting, closed cases, and other reports appropriate to performance of job duties.
October 24, 2022
Reviews and updates written communication and enrollment materials, prepares for and conducts benefits meetings, revises benefit summaries, revises benefit orientation documents, ensures distribution and receipt of documents and processes changes with vendors.
October 30, 2022
Works closely and maintains relationships with HRBPs and other corporate functions such as IT, legal & finance to ensure everyone is aligned regarding compensation processes & issues.
March 15, 2023
Consult/advise on novel comp and/or organizational designs for Alphabet Companies, including, long- and short-term incentives, milestone rewards, comp philosophy and comp structures.
March 31, 2023
Provide HRIS data and system support including, but not limited to, answering routine questions, researching moderately complex issues, preparing and auditing data, system testing support, entering data entry and making corrections.
April 04, 2023
Lead analyses of internal and external market research and apply knowledge of compensation strategy to address complex compensation related issues.
May 01, 2023
Manage subrogation and negotiate settlements to ensure specific customer service requirement to achieve the best possible outcome in the claim, supporting the goals of claims department and of CorVel.
May 12, 2023
Create, review or implement existing as well as new compensation packages / processes / policies in accordance with company policy and applicable local legislation.
May 15, 2023
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Compensation Specialist Salary By Experience Levels in Miami, FL
How much should you be earning in Compensation Specialist in Miami, FL based on your current experience?
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RELEVANT JOB EXPERIENCE
Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.
Compensation Specialist Salary By Level of Education in Miami, FL
Do you know how much should you be paid for a Compensation Specialist position in Miami, FL based on your education level?
Tell us about your education and see an estimate of earnings for Compensation Specialist in Miami, FL and well to know the impact of education on future careers.
LEVEL OF EDUCATION
Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.
Average Salary Range for Compensation Specialist in Miami, FL
Average Base Salary
Core compensation
111623
134213
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Compensation Specialist in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Compensation Specialist in Miami, FL. The base salary for Compensation Specialist ranges from $111,623 to $134,213 with the average base salary of $122,172. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $118,038 to $147,698 with the average total cash compensation of $131,835.
View Average Salary for Compensation Specialist as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $122,172 | $111,623 - $134,213 |
| Bonus | $9,663 | $6,416 - $13,485 |
| Total Pay | $131,835 | $118,038 - $147,698 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Compensation Specialist Salary Near Miami, FL
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Miami, FL |
|---|---|---|
| CITY, STATE Hialeah, FL | AVERAGE SALARY RANGE $111,738 - $134,352 | COMPARE TO Miami, FL |
| CITY, STATE Hollywood, FL | AVERAGE SALARY RANGE $112,328 - $135,062 | COMPARE TO Miami, FL |
| CITY, STATE Pembroke Pines, FL | AVERAGE SALARY RANGE $111,600 - $134,186 | COMPARE TO Miami, FL |
| CITY, STATE Fort Lauderdale, FL | AVERAGE SALARY RANGE $112,328 - $135,062 | COMPARE TO Miami, FL |
| CITY, STATE Coconut Creek, FL | AVERAGE SALARY RANGE $112,328 - $135,062 | COMPARE TO Miami, FL |
| CITY, STATE Boca Raton, FL | AVERAGE SALARY RANGE $113,848 - $136,889 | COMPARE TO Miami, FL |
See salaries for Compensation Specialist in locations close to Miami, FL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.
About Miami, Florida
Miami, officially the City of Miami, is the cultural, economic and financial center of South Florida. Miami is the seat of Miami-Dade County, the most populous county in Florida. The city covers an area of about 56.6 square miles (147 km2), between the Everglades to the west and Biscayne Bay on the east; with a 2017 estimated population of 463,347, Miami is the sixth most densely populated major city in the United States. The Miami metropolitan area is home to 6.1 million people and the seventh-largest metropolitan area in the nation. Miami's metro area is the second-most populous metropolis i...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Compensation Specialist in Miami, FL
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Compensation Specialist IV | LOCATION Miami, FL | MINIMUM SALARY $110,700 | MAXIMUM SALARY $133,200 |
| JOB TITLE Compensation Specialist I | LOCATION Miami, FL | MINIMUM SALARY $56,400 | MAXIMUM SALARY $68,700 |
| JOB TITLE Compensation Specialist II | LOCATION Miami, FL | MINIMUM SALARY $69,500 | MAXIMUM SALARY $85,000 |
| JOB TITLE Compensation Specialist III | LOCATION Miami, FL | MINIMUM SALARY $89,300 | MAXIMUM SALARY $107,400 |
| JOB TITLE Benefits & Compensation Specialist | LOCATION Miami, FL | MINIMUM SALARY $46,558 | MAXIMUM SALARY $59,754 |
| JOB TITLE Workers Compensation Specialist | LOCATION Miami, FL | MINIMUM SALARY $64,186 | MAXIMUM SALARY $85,873 |
The Compensation Specialist job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Miami, FL that might be a good fit for the type of job and salary you are looking for.
About Miami, Florida Miami, officially the City of Miami, is the cultural, economic and financial center of South Florida. Miami is the seat of Miami-Dade County, the most....More
Miami, Florida area prices were up 2.9% from a year ago
Compensation Specialist Salary in popular cities: Jacksonville, Tampa, Saint Petersburg
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role