Compensation, Benefits, and Job Analysis Specialists in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $97,410. This figure significantly surpasses the national average of $85,380, indicating a premium for these roles within this dynamic economic hub. The higher compensation is likely driven by the region's robust corporate presence and the specialized demand for expertise in managing complex compensation and benefits structures.
Executive Summary
- Average Salary: $97,410 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $140,380.
- Outlook: The job market for Compensation, Benefits, and Job Analysis Specialists in New York-Newark-Jersey City appears robust, with a total local workforce of 8,420 professionals in this field. The location quotient of 1.36 suggests a higher concentration of these specialists compared to the national average, implying strong demand and a well-established professional community within the region.
Salary Overview
The average Compensation, Benefits, and Job Analysis Specialists in New York-Newark-Jersey City, NY-NJ earns+14.1%above the national average.
$46.8
$1,873
$8,118
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 the New York-Newark-Jersey City area have experienced consistent growth over the past four years. This trend would align with broader economic expansion and the increasing complexity of HR functions, necessitating competitive compensation to attract and retain skilled professionals.
Compensation, Benefits, and Job Analysis Specialists Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Compensation, Benefits, and Job Analysis Specialists typically scales significantly with experience. Entry-level positions might fall in the lower percentiles, while seasoned professionals with extensive expertise in areas like executive compensation, benefits design, and HR analytics command salaries in the upper percentiles. The substantial gaps between these percentiles highlight clear career advancement opportunities and the value placed on accumulated knowledge and strategic impact.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,400 | $30 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,058 | $35.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,390 | $42.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,763 | $58.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $140,380 | $67.5 |
Detailed Compensation, Benefits, and Job Analysis Specialists Market Analysis
Relocation Context
Nominal Salary
$97,410
Gross Pay
Real Wage (Purchasing Power)
$97,410
Adjusted for COL (100)
The nominal average annual salary of $97,410 for Compensation, Benefits, and Job Analysis Specialists in New York-Newark-Jersey City aligns perfectly with the national average cost of living index of 100. This means that while the salary is higher than the national average, the purchasing power of that salary is effectively equivalent to the national average, considering the local cost of living.
Job Market Context
8,420
Total Jobs
0.9
Per 1K Jobs
1.36
Location Quotient
With a location quotient of 1.36, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Compensation, Benefits, and Job Analysis Specialists roles compared to the national norm.
With a location quotient of 1.36, the New York-Newark-Jersey City area demonstrates a notable concentration of Compensation, Benefits, and Job Analysis Specialists relative to the national landscape. This suggests a competitive yet abundant job market, where employers actively seek this specialized talent, and professionals have a solid pool of opportunities to choose from within the region.
Nearby Job Markets
Nearby Cities for Compensation, Benefits, and Job Analysis Specialists
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Compensation, Benefits, and Job Analysis Specialistss?
Frequently Asked Questions
How much does a Compensation, Benefits, and Job Analysis Specialists make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Compensation, Benefits, and Job Analysis Specialists in New York-Newark-Jersey City, NY-NJ is $97,410. This typically ranges from $62,400 for entry-level positions to $140,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 14.1% higher than the national median of $85,380.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Compensation, Benefits, and Job Analysis Specialists?
Yes, it is a lucrative area.The average salary of $97,410 is significantly higher than the national average, and the location quotient of 1.36 indicates a strong concentration and demand for these specialists in the region.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Compensation, Benefits, and Job Analysis Specialists?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($85,630) and Trenton-Princeton, NJ.
How does the New York-Newark-Jersey City salary compare to the national average?
The average salary for Compensation, Benefits, and Job Analysis Specialists in New York-Newark-Jersey City is $97,410, which is $12,030 higher than the national average of $85,380.
What is the concentration of these specialists in the New York-Newark-Jersey City area?
The location quotient is 1.36, meaning there are about 36% more Compensation, Benefits, and Job Analysis Specialists employed in this area compared to the national average concentration.
Does the cost of living affect the value of the salary in New York-Newark-Jersey City?
The cost of living index is 100, which is the national average. Therefore, the higher nominal salary effectively maintains its purchasing power relative to the national average.
How many Compensation, Benefits, and Job Analysis Specialists work in this region?
There are approximately 8,420 Compensation, Benefits, and Job Analysis Specialists working within the New York-Newark-Jersey City 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 8,420 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.9 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Compensation, Benefits, and Job Analysis Specialists Salaries by State
Top Jobs in New York-Newark-Jersey City, NY-NJ
- All Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Office and Administrative Support Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Healthcare Support Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Sales and Related Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Business and Financial Operations Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Transportation and Material Moving Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Food Preparation and Serving Related Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Management Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Educational Instruction and Library Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Home Health and Personal Care Aides Salary in New York-Newark-Jersey City, NY-NJ
- Browse All Jobs in New York-Newark-Jersey City, NY-NJ →
Semantic Salary Analysis for Compensation, Benefits, and Job Analysis Specialists • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ