Compensation, Benefits, and Job Analysis Specialists in the Olympia-Lacey-Tumwater, WA area earn an average annual salary of $82,060. This figure is slightly below the national average of $85,380, suggesting a localized compensation structure influenced by regional economic factors and employer demand within the state. The specific economic landscape and cost of labor in Washington contribute to this nuanced pay scale.
Executive Summary
- Average Salary: $82,060 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $112,610.
- Outlook: The job market for Compensation, Benefits, and Job Analysis Specialists in Olympia-Lacey-Tumwater appears robust, with a total local workforce of 240 individuals. The Location Quotient of 2.79 significantly surpasses the national average, indicating a higher concentration of these specialized roles within the region, which points to sustained demand and a potentially stable job environment for professionals in this field.
Salary Overview
The average Compensation, Benefits, and Job Analysis Specialists in Olympia-Lacey-Tumwater, WA earns-3.9%below the national average.
$39.5
$1,578
$6,838
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 Olympia-Lacey-Tumwater have experienced growth over the past four years, mirroring national trends. Economic recovery, evolving HR practices, and increased demand for specialized compensation expertise likely contribute to upward salary adjustments in this sector.
Compensation, Benefits, and Job Analysis Specialists Salary Distribution in Olympia-Lacey-Tumwater, WA
Career progression for Compensation, Benefits, and Job Analysis Specialists typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries well into the upper percentiles, reflecting a clear career trajectory and the value placed on advanced analytical skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,610 | $25.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,545 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,360 | $35.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,575 | $49.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $112,610 | $54.1 |
Detailed Compensation, Benefits, and Job Analysis Specialists Market Analysis
Relocation Context
Nominal Salary
$82,060
Gross Pay
Real Wage (Purchasing Power)
$82,060
Adjusted for COL (100)
The average annual salary of $82,060 in Olympia-Lacey-Tumwater aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, indicating that the nominal salary offers a comparable standard of living to that experienced across the United States.
Job Market Context
240
Total Jobs
1.852
Per 1K Jobs
2.79
Location Quotient
Olympia-Lacey-Tumwater, WA has 2.8x 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.
With a Location Quotient of 2.79, the Olympia-Lacey-Tumwater area demonstrates a significantly higher concentration of Compensation, Benefits, and Job Analysis Specialists compared to the national average. This suggests a specialized and potentially competitive market where demand for these skills is notably elevated relative to the general workforce, offering ample opportunities for skilled professionals.
Nearby Job Markets
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Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Compensation, Benefits, and Job Analysis Specialists make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Compensation, Benefits, and Job Analysis Specialists in Olympia-Lacey-Tumwater, WA is $82,060. This typically ranges from $52,610 for entry-level positions to $112,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 3.9% lower than the national median of $85,380.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Compensation, Benefits, and Job Analysis Specialists?
Yes, it offers a competitive environment for these specialists.The high Location Quotient of 2.79 indicates a strong concentration of these roles, suggesting robust demand. Furthermore, the salary is on par with the national average cost of living, ensuring good purchasing power.
Is Olympia-Lacey-Tumwater, WA a good place to live for Compensation, Benefits, and Job Analysis Specialists?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($104,490) and Western Washington nonmetropolitan area.
How does the Olympia-Lacey-Tumwater salary compare to the national average?
The average salary of $82,060 in Olympia-Lacey-Tumwater is slightly below the national average of $85,380, indicating minor regional differences in compensation.
What is the significance of the Location Quotient (LQ) of 2.79?
An LQ of 2.79 means that Compensation, Benefits, and Job Analysis Specialists are employed in Olympia-Lacey-Tumwater at a rate 2.79 times higher than the national average, signifying a strong local presence and demand for these roles.
How does the cost of living affect the salary in Olympia-Lacey-Tumwater?
With a Cost of Living Index of 100, the local salary of $82,060 has the same purchasing power as the national average, meaning the cost of living is neither a significant advantage nor disadvantage.
What does the local workforce size of 240 imply?
A workforce of 240 specialists indicates a substantial, albeit niche, professional community within the Olympia-Lacey-Tumwater area, suggesting a stable and established market for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 1.852 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 Olympia-Lacey-Tumwater, WA