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Benefits advisor vs senior compensation analyst

The differences between benefits advisors and senior compensation analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a benefits advisor and a senior compensation analyst. Additionally, a senior compensation analyst has an average salary of $85,796, which is higher than the $71,377 average annual salary of a benefits advisor.

The top three skills for a benefits advisor include insurance benefits, patients and inbound calls. The most important skills for a senior compensation analyst are compensation programs, human resources, and HRIS.

Benefits advisor vs senior compensation analyst overview

Benefits AdvisorSenior Compensation Analyst
Yearly salary$71,377$85,796
Hourly rate$34.32$41.25
Growth rate7%7%
Number of jobs48,02317,361
Job satisfaction3-
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 71%
Average age4545
Years of experience66

What does a benefits advisor do?

A benefits advisor specializes in devising benefits programs and strategies for a workforce, ensuring they are well-compensated for their hard work. Typically, their responsibilities revolve around performing research and analysis to identify the needs of employees in a company, studying the benefit programs of competitors, and assessing the existing programs while putting the company's welfare into consideration. They must prepare reports and presentations for clients, provide cost-estimates and business plans, and evaluate risks, all while adhering to the company's policies and regulations, including its vision and mission.

What does a senior compensation analyst do?

A senior compensation analyst is primarily in charge of developing and maintaining compensation programs for a company's employees. Their responsibilities revolve around performing extensive research and analysis to identify employee needs, understanding the extent of every workforce position, conducting surveys, improving existing programs, and learning the compensation programs of competitors. Furthermore, as a senior compensation analyst, it is essential to lead and encourage teams to reach goals and serve as a mentor to junior analysts, all while implementing the company's policies and regulations.

Benefits advisor vs senior compensation analyst salary

Benefits advisors and senior compensation analysts have different pay scales, as shown below.

Benefits AdvisorSenior Compensation Analyst
Average salary$71,377$85,796
Salary rangeBetween $46,000 And $109,000Between $63,000 And $116,000
Highest paying CityVancouver, WASacramento, CA
Highest paying stateWashingtonNew Jersey
Best paying companyChevronWedbush Securities
Best paying industryGovernmentReal Estate

Differences between benefits advisor and senior compensation analyst education

There are a few differences between a benefits advisor and a senior compensation analyst in terms of educational background:

Benefits AdvisorSenior Compensation Analyst
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Benefits advisor vs senior compensation analyst demographics

Here are the differences between benefits advisors' and senior compensation analysts' demographics:

Benefits AdvisorSenior Compensation Analyst
Average age4545
Gender ratioMale, 41.2% Female, 58.8%Male, 34.8% Female, 65.2%
Race ratioBlack or African American, 11.4% Unknown, 3.6% Hispanic or Latino, 15.3% Asian, 7.7% White, 61.6% American Indian and Alaska Native, 0.3%Black or African American, 10.6% Unknown, 3.9% Hispanic or Latino, 14.9% Asian, 7.7% White, 62.4% American Indian and Alaska Native, 0.5%
LGBT Percentage9%9%

Differences between benefits advisor and senior compensation analyst duties and responsibilities

Benefits advisor example responsibilities.

  • Manage broker and group accounts throughout the year administering qualify changes, terminations, and ACA compliance.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Function as a liaison between the patient, hospital and governmental agencies to obtain documentation require for Medicaid eligibility determination.
  • Maintain employee benefit records in HRIS system, including qualifying event records, personal information updates, and employment status changes.
  • Evaluate patients for existing insurance coverage, federal and state assistance programs, or hospital charity application.
  • Use tactful and effective interview techniques to obtain pertinent information to assure accurate eligibility determination for Medicaid.
  • Show more

Senior compensation analyst example responsibilities.

  • Manage retention program including calculating and paying out all retention amounts and monthly accruals.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Update records for disability area including workers compensation and FMLA.
  • Project management of job evaluation and FLSA classification to support payroll consolidation of a high tech subsidiary.
  • Conduct job analysis / evaluation to determine appropriate FLSA classification and salary level according to compensation guidelines and policy.
  • Develop specifications and team with technology staff to implement performance measurement and merit processing system, including integration with HRIS.
  • Show more

Benefits advisor vs senior compensation analyst skills

Common benefits advisor skills
  • Insurance Benefits, 21%
  • Patients, 12%
  • Inbound Calls, 10%
  • Medicare Advantage, 6%
  • Insurance Products, 6%
  • Medicaid, 5%
Common senior compensation analyst skills
  • Compensation Programs, 10%
  • Human Resources, 9%
  • HRIS, 6%
  • FLSA, 4%
  • Data Analysis, 4%
  • Salary Surveys, 3%

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