Compensation Analyst salary in Latvia

Average Yearly Salary of Compensation Analyst in Latvia is approximately 28,172 EUR (28,203 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Compensation Analyst do?

A compensation analyst is responsible for evaluating and analyzing compensation packages within an organization. They gather data on employee salaries, bonuses, and benefits, and compare it to industry standards and market trends. By conducting research and utilizing various analytical tools, they develop and recommend compensation plans that attract and retain top talent while ensuring internal equity. Additionally, compensation analysts may assist in developing policies and procedures related to compensation, as well as educate and communicate with employees regarding their compensation packages. They collaborate with HR teams, finance departments, and senior management to ensure fair and competitive compensation practices are in place.

Skills: compensation analyst, salary analysis, compensation planning, market research, employee benefits, HR analytics
Job industry: Human resources

How much does Compensation Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Compensation Analyst a well paid job?

Yes, our data shows that Compensation Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Compensation Analyst?

High salary for Compensation Analyst would be somewhere between 30,989 EUR and 40,849 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Compensation Analyst in Latvia?

Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 28,172 EUR
Estimated Monthly Salary: 2,348 EUR
Estimated Weekly Salary: 542 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Compensation Analyst a person can save up to 1,490 USD per month or 17,883 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Compensation Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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