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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 | Senior Compensation Analyst | |
| Yearly salary | $71,377 | $85,796 |
| Hourly rate | $34.32 | $41.25 |
| Growth rate | 7% | 7% |
| Number of jobs | 48,023 | 17,361 |
| Job satisfaction | 3 | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 71% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
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.
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 advisors and senior compensation analysts have different pay scales, as shown below.
| Benefits Advisor | Senior Compensation Analyst | |
| Average salary | $71,377 | $85,796 |
| Salary range | Between $46,000 And $109,000 | Between $63,000 And $116,000 |
| Highest paying City | Vancouver, WA | Sacramento, CA |
| Highest paying state | Washington | New Jersey |
| Best paying company | Chevron | Wedbush Securities |
| Best paying industry | Government | Real Estate |
There are a few differences between a benefits advisor and a senior compensation analyst in terms of educational background:
| Benefits Advisor | Senior Compensation Analyst | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between benefits advisors' and senior compensation analysts' demographics:
| Benefits Advisor | Senior Compensation Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 34.8% Female, 65.2% |
| Race ratio | Black 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 Percentage | 9% | 9% |