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The differences between benefit directors and owner/directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a benefit director and an owner/director. Additionally, a benefit director has an average salary of $110,567, which is higher than the $45,038 average annual salary of an owner/director.
The top three skills for a benefit director include human resources, oversight and ERISA. The most important skills for an owner/director are payroll, financial management, and child care facility.
| Benefit Director | Owner/Director | |
| Yearly salary | $110,567 | $45,038 |
| Hourly rate | $53.16 | $21.65 |
| Growth rate | 2% | 6% |
| Number of jobs | 9,650 | 71,178 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 54% |
| Average age | 46 | 44 |
| Years of experience | 6 | 6 |
Benefits directors are professionals who plan and direct the overall design, implementation, and administration of an organization's health and welfare benefits programs. To support the decision making of the management, these directors are required to analyze benefit options and predict future costs. They should study programs so that they can identify benefit options as well as obtain advice from consultants. Benefits directors must study existing and new legislation so that they can comply with federal, state, and legal requirements and advise the management on needed actions.
The primary job of owners/directors is to provide strategic leadership and oversee the entire business operations of the company. They are expected to develop and implement company policies and strategic plans for the company. Other duties and responsibilities include driving organizational success, maximizing shareholder value, and developing the company's business structure. Business owners and directors are also responsible for leading and guiding executives and building the company's public profile at various events. The skills and qualifications needed for this role include a master's degree in business or a related field, previous experience as a director, and excellent leadership skills.
Benefit directors and owner/directors have different pay scales, as shown below.
| Benefit Director | Owner/Director | |
| Average salary | $110,567 | $45,038 |
| Salary range | Between $73,000 And $165,000 | Between $23,000 And $87,000 |
| Highest paying City | Portland, ME | - |
| Highest paying state | New Hampshire | - |
| Best paying company | Cornerstone Research | - |
| Best paying industry | Technology | - |
There are a few differences between a benefit director and an owner/director in terms of educational background:
| Benefit Director | Owner/Director | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between benefit directors' and owner/directors' demographics:
| Benefit Director | Owner/Director | |
| Average age | 46 | 44 |
| Gender ratio | Male, 40.0% Female, 60.0% | Male, 34.1% Female, 65.9% |
| Race ratio | Black or African American, 11.2% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 7.9% White, 67.0% American Indian and Alaska Native, 0.4% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 35% | 10% |