Average Compensation, Benefits, and Job Analysis Specialists Salary in Raleigh-Cary, NC
Compensation, Benefits, and Job Analysis Specialists in Raleigh-Cary, NC, earn an average annual salary of $72,990. This figure is notably below the national average of $85,380, suggesting local market dynamics and potentially a different cost-of-labor structure influence compensation in this region. The specific economic landscape and demand within the Raleigh-Cary area play a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $72,990 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,500.
- Outlook: The Raleigh-Cary area supports a local workforce of 650 Compensation, Benefits, and Job Analysis Specialists. With a Location Quotient of 1.34, this indicates a higher concentration of these roles compared to the national average, suggesting a robust and potentially growing demand for these specialized professionals within the region's economic ecosystem.
Salary Overview
The average Compensation, Benefits, and Job Analysis Specialists in Raleigh-Cary, NC earns-14.5%below the national average.
$35.1
$1,404
$6,083
Compensation, Benefits, and Job Analysis Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Compensation, Benefits, and Job Analysis Specialists have experienced steady growth over the past four years, mirroring broader economic trends and increasing demand for specialized HR functions. This upward trajectory is likely driven by evolving compensation strategies, benefits landscapes, and the need for expert job analysis in a dynamic labor market.
Compensation, Benefits, and Job Analysis Specialists Salary Distribution in Raleigh-Cary, NC
Salary progression for Compensation, Benefits, and Job Analysis Specialists typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. The observed gaps between different experience levels signify clear career progression pathways and the increasing value placed on specialized knowledge and strategic input.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,090 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,743 | $26.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,010 | $29.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,238 | $43.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,500 | $53.1 |
Detailed Compensation, Benefits, and Job Analysis Specialists Market Analysis
Relocation Context
Nominal Salary
$72,990
Gross Pay
Real Wage (Purchasing Power)
$72,990
Adjusted for COL (100)
The average annual salary of $72,990 in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the nominal salary offers purchasing power that is on par with the typical American lifestyle, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
650
Total Jobs
0.893
Per 1K Jobs
1.34
Location Quotient
With a location quotient of 1.34, Raleigh-Cary, NC has a slightly higher-than-average concentration of Compensation, Benefits, and Job Analysis Specialists roles compared to the national norm.
A Location Quotient of 1.34 for Compensation, Benefits, and Job Analysis Specialists in Raleigh-Cary signifies a market where these professionals are more concentrated than the national average. This suggests a competitive environment with a good number of opportunities, but also indicates that employers may have a slightly larger pool of local talent to draw from, potentially influencing hiring dynamics.
Nearby Job Markets
Nearby Cities for Compensation, Benefits, and Job Analysis Specialists
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Compensation, Benefits, and Job Analysis Specialists Salary | $80,680↑ 11% | 18 mi |
| Fayetteville, NC Compensation, Benefits, and Job Analysis Specialists Salary | $62,230↓ 15% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Compensation, Benefits, and Job Analysis Specialistss?
Frequently Asked Questions
How much does a Compensation, Benefits, and Job Analysis Specialists make in Raleigh-Cary, NC?
The median annual salary for a Compensation, Benefits, and Job Analysis Specialists in Raleigh-Cary, NC is $72,990. This typically ranges from $48,090 for entry-level positions to $110,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 14.5% lower than the national median of $85,380.
Is Raleigh-Cary, NC a lucrative place for Compensation, Benefits, and Job Analysis Specialists?
No, not more lucrative than the national average.While the concentration of specialists is higher than the national average, the average salary of $72,990 is below the national average of $85,380. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Raleigh-Cary, NC a good place to live for Compensation, Benefits, and Job Analysis Specialists?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($80,680) and Fayetteville, NC.
How does the Raleigh-Cary salary compare to the national average?
The average salary for Compensation, Benefits, and Job Analysis Specialists in Raleigh-Cary, NC, is $72,990, which is lower than the national average of $85,380.
What is the concentration of these specialists in Raleigh-Cary?
Raleigh-Cary has a Location Quotient of 1.34, indicating a higher concentration of Compensation, Benefits, and Job Analysis Specialists compared to the national average.
Does the cost of living affect the salary's value in Raleigh-Cary?
No, the cost of living in Raleigh-Cary is at the national average (100), meaning the $72,990 salary offers purchasing power equivalent to the national average salary in a national average cost of living area.
How many Compensation, Benefits, and Job Analysis Specialists work in Raleigh-Cary?
There are approximately 650 Compensation, Benefits, and Job Analysis Specialists employed within the Raleigh-Cary 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 650 employees in the Raleigh-Cary, NC area with a job density of 0.893 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 Raleigh-Cary, NC