Compensation, Benefits, and Job Analysis Specialists in the Albany-Schenectady-Troy, NY area earn an average annual salary of $71,000. This figure is notably below the national average of $85,380, suggesting that local market dynamics, such as industry concentration and regional demand, play a significant role in compensation levels for this specialized field within the state.
Executive Summary
- Average Salary: $71,000 per year.
- Growth Trend: Salaries have shifted 12.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,190.
- Outlook: The Albany-Schenectady-Troy region supports a dedicated workforce of approximately 900 Compensation, Benefits, and Job Analysis Specialists. With a robust Location Quotient of 3.08, this indicates a significantly higher concentration of these professionals compared to the national average, signaling a strong and established presence of this role within the local economy and a potentially stable job market for these specialists.
Salary Overview
The average Compensation, Benefits, and Job Analysis Specialists in Albany-Schenectady-Troy, NY earns-16.8%below the national average.
$34.1
$1,365
$5,917
Compensation, Benefits, and Job Analysis Specialists Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Compensation, Benefits, and Job Analysis Specialists in Albany-Schenectady-Troy have seen consistent growth over the past four years, mirroring national trends. Economic expansion, evolving HR practices, and increased demand for specialized compensation expertise likely contribute to upward salary adjustments, ensuring professionals remain competitive.
Compensation, Benefits, and Job Analysis Specialists Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Compensation, Benefits, and Job Analysis Specialists typically involves a significant salary increase with experience. Entry-level positions might start closer to $50,000, while seasoned professionals with extensive experience and specialized skills can command salaries exceeding $90,000. The widening percentile gaps clearly signify substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,290 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,250 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,930 | $31.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,750 | $42.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $103,190 | $49.6 |
Detailed Compensation, Benefits, and Job Analysis Specialists Market Analysis
Relocation Context
Nominal Salary
$71,000
Gross Pay
Real Wage (Purchasing Power)
$71,000
Adjusted for COL (100)
The nominal average salary of $71,000 in Albany-Schenectady-Troy aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Compensation, Benefits, and Job Analysis Specialist's salary in this region is equivalent to that of their national counterparts, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
900
Total Jobs
2.042
Per 1K Jobs
3.08
Location Quotient
Albany-Schenectady-Troy, NY has 3.1x the national concentration of Compensation, Benefits, and Job Analysis Specialists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 3.08 for Compensation, Benefits, and Job Analysis Specialists in Albany-Schenectady-Troy signifies a highly concentrated job market. This suggests that the region is a significant hub for these roles, potentially offering more specialized opportunities but also indicating a competitive landscape where employers may have a wider pool of local talent to draw from.
Nearby Job Markets
Nearby Cities for Compensation, Benefits, and Job Analysis Specialists
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Compensation, Benefits, and Job Analysis Specialists make in Albany-Schenectady-Troy, NY?
The median annual salary for a Compensation, Benefits, and Job Analysis Specialists in Albany-Schenectady-Troy, NY is $71,000. This typically ranges from $49,290 for entry-level positions to $103,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 16.8% lower than the national median of $85,380.
Is Albany-Schenectady-Troy, NY a lucrative place for Compensation, Benefits, and Job Analysis Specialists?
No, not when compared to the national average.While the local cost of living is average, the average salary of $71,000 is substantially lower than the national average of $85,380, indicating less lucrative compensation in this specific region.
Is Albany-Schenectady-Troy, NY a good place to live for Compensation, Benefits, and Job Analysis Specialists?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Southwest New York nonmetropolitan area ($85,380) and Central East New York nonmetropolitan area.
How does the local job market compare to the national average for this role?
The local job market in Albany-Schenectady-Troy is more concentrated than the national average, with a Location Quotient of 3.08, suggesting a higher density of these specialists relative to the overall workforce.
What is the typical salary range for this position in Albany?
While the average is $71,000, entry-level positions might start lower, and senior specialists with significant experience could earn upwards of $90,000, reflecting a broad salary spectrum based on expertise.
Is the cost of living a factor in the salary for this role in Albany?
The cost of living in Albany-Schenectady-Troy is at the national average (100), meaning the $71,000 salary has equivalent purchasing power to the national average salary, making it neither exceptionally high nor low in real terms.
What does the job market size indicate for specialists in Albany?
With a workforce of 900 specialists and 2.042 jobs per 1,000 workers, the market is substantial and shows a clear demand for these roles within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Albany-Schenectady-Troy, NY area with a job density of 2.042 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Compensation, Benefits, and Job Analysis Specialists • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY