Workforce Management (WFM) Analysts are vital in all industries, helping businesses manage their workforce effectively. As the demand for these jobs increases and the demand for them increases, it’s beneficial both for employers and job applicants to know how much they earn.
Different factors influence the amount an WFM analyst makes. These are the main factors that affect pay disparities:
To give a complete overview, the table below summarizes the typical salaries of WFM analysts according to experience level as well as industry, area, and education.
| Category | Entry-Level (0-2 yrs) | Mid-Level (3-5 yrs) | Senior-Level (5+ yrs) |
|---|---|---|---|
|
Average Salary |
$50,000 – $70,000 |
$70,000 – $90,000 |
$90,000 – $120,000 |
|
Healthcare Sector |
$55,000 – $75,000 |
$80,000 – $100,000 |
$100,000 – $130,000 |
|
Retail Sector |
$45,000 – $65,000 |
$65,000 – $85,000 |
$85,000 – $115,000 |
|
Finance Sector |
$60,000 – $80,000 |
$80,000 – $110,000 |
$110,000 – $140,000 |
|
Technology Sector |
$55,000 – $75,000 |
$75,000 – $105,000 |
$105,000 – $135,000 |
|
Location (East Coast) |
$60,000 – $80,000 |
$80,000 – $100,000 |
$100,000 – $130,000 |
|
Location (West Coast) |
$65,000 – $85,000 |
$85,000 – $115,000 |
$115,000 – $145,000 |
|
Location (Midwest) |
$50,000 – $70,000 |
$70,000 – $90,000 |
$90,000 – $120,000 |
Understanding the landscape of compensation to Workforce Management (WFM) analysts requires a deeper study of the various sectors, since each is unique in its challenges, demands and compensation structure. In this article we look at the expectations of salary for WFM analysts across various sectors, and highlight the key elements that impact the amount of money earned.
|
Healthcare Industry |
Healthcare organizations are faced with particular problems. The need for precise planning and forecasting has led to more lucrative salaries for WFM analysts in this field. |
|
|
Retail Industry |
With the fluctuating demand, and especially at times of peak demand Retail WFM analysts strive to maximize staffing levels, and to provide services while reducing costs. |
|
|
Finance Sector |
Financial services require thorough analysis and compliance, which leads to higher wages for WFM analysts who can provide pertinent information. |
|
|
Technology Sector |
In a field that is characterized by rapid changes, WFM analysts are essential to plan the workforce and ensure the right amount of capacity for staffing projects. |
|
The place of employment could be a major factor in WFM analysts’ compensation:
Education is a key factor in determining the salary level. WFM analysts who hold bachelor’s degrees generally begin with lower wages than those who have more advanced qualifications (Masters or Ph.D.). Furthermore, certifications that are specifically geared to workforce management and analytics, as well as data analysis could boost earning potential, which makes candidates more appealing for employers.
We’ve identified 10 cities in which the average wage for a Workforce Analyst job is more than the average of the nation. The top spots are Nome, AK, with Berkeley, CA and Sitka, AK close behind in the second and third spots. Sitka, AK beats the average of the nation by 19971 (20.5 percent) while Nome, AK furthers that trend by putting 23466 (24.0 percent) higher than the average of $97,576.
These 10 cities have median salaries that are greater than the average for the nation, the opportunity to increase your earnings by moving places as a Workforce Management Analyst appears to be extremely lucrative. Another important aspect to be considered is the salary average for the top ten cities is only 5 percent among Nome, AK and San Jose, CA, reinforcing the insufficiency of increase in wages. The potential for a cheaper cost of living could be the most important reason to consider the location and pay for the Workforce Management Analyst role.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
|
Nome, AK |
$121,042 |
$10,086 |
$2,327 |
$58.19 |
|
Berkeley, CA |
$119,476 |
$9,956 |
$2,297 |
$57.44 |
|
Sitka, AK |
$117,547 |
$9,795 |
$2,260 |
$56.51 |
|
San Bruno, CA |
$116,573 |
$9,714 |
$2,241 |
$56.04 |
|
Wyoming, WY |
$116,371 |
$9,697 |
$2,237 |
$55.95 |
|
San Francisco, CA |
$114,961 |
$9,580 |
$2,210 |
$55.27 |
|
Santa Clara, CA |
$114,597 |
$9,549 |
$2,203 |
$55.09 |
|
Sunnyvale, CA |
$114,520 |
$9,543 |
$2,202 |
$55.06 |
|
Livermore, CA |
$114,455 |
$9,537 |
$2,201 |
$55.03 |
|
San Jose, CA |
$114,358 |
$9,529 |
$2,199 |
$54.98 |
A workplace management analyst studies an organization to devise strategies for improving the overall operation. As a manager of the workforce your main responsibilities include conducting interviews with employees, observing the team’s activities as well as reading company manuals, and obtaining details about the company’s finances and expenditure. You analyze the information and assist the management team to develop plans to improve employee performance. The position requires at least an associate’s degree, which is typically in human resource or business. Other requirements include excellent communication skills as well as experience in data analysis. Although some workplace management analysts are employed by a single company Many work as consultants for many firms.
Resolving chaos with order; Workforce Analysts are masters at analyzing data, transforming numbers into stories that determine how the workplace will evolve in the coming years. But the process doesn’t stop with the analysis of data.
Analysts play an essential function in ensuring the accuracy of data and making strategies that are in line with the goals of the company. To succeed, you require an exact set of abilities and qualifications.
Management Salary for WFM: Workforce Management managers typically earn between $70,000 to $120,000, dependent on their experience, the business, and their location.
WFM Analyst What is the role of a WFM analyst? WFM analyst aids in the planning and optimizing schedules for staff members, examines employee data forecasts needs for staffing, and ensures efficient utilization of company resources to achieve the business objectives.
By clicking the button above, I consent to Bright Pattern contacting me by phone call and/or SMS to respond to my above inquiry on services and for future marketing messages and offers. Message & data rates may apply, and message frequency may vary.
