Compensation, Benefits, and Job Analysis Specialists in the Minneapolis-St. Paul-Bloomington, MN-WI area earn an impressive average annual salary of $93,090. This figure significantly surpasses the national average of $85,380, indicating a robust local demand for these critical HR functions. The specialized nature of compensation analysis and benefits administration, coupled with the economic landscape of the Twin Cities, likely drives this elevated compensation.
Executive Summary
- Average Salary: $93,090 per year.
- Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,000.
- Outlook: With a local workforce of 1,190 specialists and a Location Quotient of 0.93, the Minneapolis-St. Paul-Bloomington area demonstrates a healthy concentration of these professionals, nearly matching the national average. This suggests a stable and established market for Compensation, Benefits, and Job Analysis Specialists, with consistent demand supporting the current workforce size.
Salary Overview
The average Compensation, Benefits, and Job Analysis Specialists in Minneapolis-St. Paul-Bloomington, MN-WI earns+9.0%above the national average.
$44.8
$1,790
$7,758
Compensation, Benefits, and Job Analysis Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compensation, Benefits, and Job Analysis Specialists in Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving compensation strategies, and the increasing complexity of benefits packages typically contribute to upward salary pressure in this field.
Compensation, Benefits, and Job Analysis Specialists Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Compensation, Benefits, and Job Analysis Specialists typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise in complex compensation structures and benefits management can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects the accumulation of specialized knowledge and strategic responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,570 | $30.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,818 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,050 | $39.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,363 | $55.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,000 | $64.4 |
Detailed Compensation, Benefits, and Job Analysis Specialists Market Analysis
Relocation Context
Nominal Salary
$93,090
Gross Pay
Real Wage (Purchasing Power)
$93,090
Adjusted for COL (100)
The average annual salary of $93,090 in Minneapolis-St. Paul-Bloomington aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by specialists in this region holds its purchasing power directly against the national standard, offering a stable financial environment for residents.
Job Market Context
1,190
Total Jobs
0.615
Per 1K Jobs
0.93
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.93x the national average concentration of Compensation, Benefits, and Job Analysis Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.93 suggests that the Minneapolis-St. Paul-Bloomington metropolitan area has a slightly lower concentration of Compensation, Benefits, and Job Analysis Specialists compared to the national average. While not indicating a shortage, this near-average concentration implies a competitive yet accessible job market where skilled professionals can find opportunities without facing extreme saturation.
Nearby Job Markets
Nearby Cities for Compensation, Benefits, and Job Analysis Specialists
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
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Frequently Asked Questions
How much does a Compensation, Benefits, and Job Analysis Specialists make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Compensation, Benefits, and Job Analysis Specialists in Minneapolis-St. Paul-Bloomington, MN-WI is $93,090. This typically ranges from $62,570 for entry-level positions to $134,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 9.0% higher than the national median of $85,380.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Compensation, Benefits, and Job Analysis Specialists?
Yes, it is a lucrative area.Specialists in this region earn an average of $93,090 annually, which is above the national average. Furthermore, the local cost of living is on par with the national average, meaning the higher salary offers greater purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Compensation, Benefits, and Job Analysis Specialists?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($72,530) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
The average annual salary for Compensation, Benefits, and Job Analysis Specialists in Minneapolis-St. Paul-Bloomington is $93,090, which is higher than the national average of $85,380.
What is the concentration of these specialists in the Minneapolis-St. Paul-Bloomington area?
The Location Quotient is 0.93, indicating that the concentration of these specialists is slightly below the national average, suggesting a balanced job market.
Does the cost of living affect the value of the salary in Minneapolis-St. Paul-Bloomington?
No, the cost of living in Minneapolis-St. Paul-Bloomington is exactly at the national average (index of 100), meaning the higher salary directly translates to comparable purchasing power.
How many Compensation, Benefits, and Job Analysis Specialists work in the Minneapolis-St. Paul-Bloomington area?
There are approximately 1,190 Compensation, Benefits, and Job Analysis Specialists employed in the Minneapolis-St. Paul-Bloomington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,190 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 0.615 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 Minneapolis-St. Paul-Bloomington, MN-WI