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Associate Compensation Analyst Jobs in Indiana (NOW HIRING)

Compensation and Benefits Manager

Elkhart, IN · On-site

$76K - $103K/yr

Manage salary structures, pay grades, job evaluations, and compensation analyses. * Lead the annual compensation planning process, including merit increases, annual associate reviews, promotions, and ...

Actuarial Analyst III

Indianapolis, IN · On-site

$89K - $170K/yr

This role requires associates to be in-office 1-2 days per week, fostering collaboration and ... No amount is considered to be wages or compensation until such amount is earned, vested, and ...

Actuarial Analyst III Hybrid 1: This role requires associates to be in-office1 - 2days per week ... No amount is wages or compensation until such amount is earned, vested, and determinable under the ...

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Associate Compensation Analyst information

See Indiana salary details

$42.3K

$91.5K

$154.6K

How much do associate compensation analyst jobs pay per year?

As of Jul 2, 2026, the average yearly pay for associate compensation analyst in Indiana is $91,535.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,600.00 and $114,700.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Associate Compensation Analyst, and why are they important?

To thrive as an Associate Compensation Analyst, you need strong analytical skills, attention to detail, and a background in finance, HR, or a related field, typically supported by a bachelor’s degree. Familiarity with compensation management systems, HRIS platforms, and proficiency in Excel or data analysis tools is crucial. Excellent communication, problem-solving abilities, and organizational skills help you present findings and collaborate effectively across teams. These competencies ensure accurate compensation analysis, support fair pay practices, and enable data-driven decision-making in HR.

What are some common challenges faced by Associate Compensation Analysts when conducting market salary benchmarking?

Associate Compensation Analysts often encounter challenges such as gathering accurate and up-to-date market data, interpreting differences between survey methodologies, and ensuring data relevance to specific job families within their organization. They must also balance internal equity with external competitiveness, which requires close collaboration with HR business partners and department managers. Addressing these challenges effectively helps the organization remain competitive while maintaining fair compensation practices.

What jobs in the US pay 300,000 a year?

For an Associate Compensation Analyst, annual salaries of $300,000 are uncommon and typically reserved for senior-level or executive roles in compensation, such as Compensation Directors or Vice Presidents. These positions often require extensive experience, advanced certifications, and leadership responsibilities. Most compensation analysts earn significantly less, with higher salaries achievable through experience, specialization, or working in large organizations.

What jobs make $1,000,000 a year?

In the field of compensation analysis, earning $1,000,000 annually is uncommon and typically limited to executive-level roles such as Chief Compensation Officers or CFOs, especially in large corporations. These positions often involve overseeing compensation strategies, require extensive experience, and may include bonuses, stock options, and other incentives that contribute to high total compensation. Most compensation analysts, including associate level, earn significantly less than this figure.

What are Associate Compensation Analysts?

Associate Compensation Analysts are entry-level professionals who support the development, implementation, and administration of employee compensation programs within organizations. They analyze market data, salary surveys, and internal pay structures to help ensure that compensation practices are competitive and equitable. Their work often includes preparing reports, assisting with job evaluations, and collaborating with HR teams to maintain compliance with compensation policies. This role is ideal for individuals interested in data analysis, human resources, and organizational strategy.

What does a compensation analyst do?

A compensation analyst evaluates and administers employee pay structures, benefits, and incentive programs to ensure competitiveness and internal equity. They analyze market data, develop salary ranges, and prepare reports using tools like Excel or HRIS systems to support compensation strategies. The role often requires strong analytical skills and knowledge of compensation laws and industry standards.

Is compensation analyst a good career?

A compensation analyst is a professional responsible for analyzing salary structures, benefits, and pay practices within organizations. The role typically requires strong analytical skills, knowledge of compensation laws, and proficiency with data tools like Excel or HRIS systems. It can offer stable employment, opportunities for advancement, and a solid salary, making it a viable career choice for those interested in HR and finance functions.
What are the most commonly searched types of Compensation Analyst jobs in Indiana? The most popular types of Compensation Analyst jobs in Indiana are:
What are popular job titles related to Associate Compensation Analyst jobs in Indiana? For Associate Compensation Analyst jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Associate Compensation Analyst jobs in Indiana look for? The top searched job categories for Associate Compensation Analyst jobs in Indiana are:
What cities in Indiana are hiring for Associate Compensation Analyst jobs? Cities in Indiana with the most Associate Compensation Analyst job openings:
Compensation Analyst Sr.

Compensation Analyst Sr.

Elevance Health

Indianapolis, IN • On-site

$93K - $139K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Elevance Health rating

7.7

Company rating: 7.7 out of 10

Based on 346 frontline employees who took The Breakroom Quiz

180th of 277 rated insurance


Job description

Anticipated End Date:
2026-07-10
Position Title:
Compensation Analyst Sr.
Job Description:
Compensation Analyst Senior
Location: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.
Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.
The Compensation Analyst Senior will be responsible for providing counsel regarding various compensation practices and policies and conducting on-going analysis for assigned job families with a focus on the sales job family to include sales incentive eligible roles.
How you will make an impact:
  • Counsels management on the company's compensation strategy, policies, programs, communications and making salary decisions regarding pay actions, and conducts pay equity studies and compression analyses and participates in annual pay program development (research and analysis).
  • Works closely with partners within the sales organizations across the enterprise to provide data and consultation.
  • Understands the sales incentive models as well as equity tied to long-term incentives across the enterprise.
  • At this level, emphasis is primarily on service delivery/administration with some advisory and consultative activities and conducting annual market evaluations and on-going internal equity and external competitiveness comparisons for assigned job families.
  • Supports corporate-wide compensation initiatives, including incentive plan administration, merit process, total direct compensation analysis, and salary survey design and submission.

Minimum Requirements: Requires a BA degree in related field and minimum of 4 years' related experience with HR consultative experience; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities and Experiences:
  • HR related designation preferred.
  • Foundational compensation knowledge and experience strongly preferred.
  • Demonstrated proficiency in Microsoft Excel, including developing PivotTables, performing lookup functions (VLOOKUP, XLOOKUP, INDEX/MATCH), and utilizing formulas to support data analysis and reporting strongly preferred.
  • Demonstrated experience creating clear, compelling data visualizations and translating complex analyses into actionable insights for both technical and non-technical audiences, including presenting findings to stakeholders and using data storytelling to explain trends, drivers, and recommendations.
  • Workday/Workday reporting experience strongly preferred.
  • Power BI experience preferred.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $93,200 to $139,800.
Locations: Virginia
In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.
*The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, paid time off, stock, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.
Job Level:
Non-Management Exempt
Workshift:
1st Shift (United States of America)
Job Family:
HRS > Total Rewards
Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Who We Are
Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.
How We Work
At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.
We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.
Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.
The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.
Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.
NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words - the job is posted until 3/13, not through 3/13.

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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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