The compensation for a Total Rewards Specialist varies by geographical location, with specific annual salaries and hourly wages reported for various states.
Total Rewards Specialist Salary Overview
A Total Rewards Specialist's salary can differ significantly based on the state in which they are employed. For instance, recent salary data indicates the following compensation ranges for specific states:
| State | Annual Salary | Hourly Wage |
|---|---|---|
| California | $72,233 | $34.73 |
| Minnesota | $71,684 | $34.46 |
| Rhode Island | $71,677 | $34.46 |
These figures represent the exact reported salaries for Total Rewards Specialists in these particular states.
Factors Influencing Total Rewards Specialist Salaries
While location is a primary driver, several other factors can influence the exact earnings of a Total Rewards Specialist:
- Experience Level: Entry-level positions typically command lower salaries compared to roles requiring extensive experience or specialized skills in compensation and benefits.
- Company Size and Industry: Larger organizations or those operating in high-demand industries (e.g., technology, finance) often offer more competitive compensation packages.
- Education and Certifications: Possessing advanced degrees or relevant professional certifications, such as a Certified Compensation Professional (CCP), can significantly enhance earning potential.
- Specific Responsibilities: The scope of responsibilities, whether it encompasses a broad range of total rewards components or specializes in a particular area like compensation analysis or benefits administration, can also affect salary.
- Cost of Living: Salaries frequently adjust to reflect the cost of living in a particular geographic area, which contributes to the variations observed between states.
For a comprehensive understanding of current compensation trends and to explore detailed salary data across different regions, you can refer to broad compensation reports.
