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Benefits analyst vs compensation analyst

The differences between benefits analysts and 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 analyst and a compensation analyst. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $50,944 average annual salary of a benefits analyst.

The top three skills for a benefits analyst include customer service, HR and HRIS. The most important skills for a compensation analyst are HR, compensation programs, and HRIS.

Benefits analyst vs compensation analyst overview

Benefits AnalystCompensation Analyst
Yearly salary$50,944$66,487
Hourly rate$24.49$31.96
Growth rate7%7%
Number of jobs20,21119,344
Job satisfaction-5
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 73%
Average age4545
Years of experience66

What does a benefits analyst do?

A Benefits Analyst is responsible for administering and communicating benefit programs for an organization. They attract and retain employees through researching, recommending, and explaining benefit programs.

What does a compensation analyst do?

Compensation analysts are responsible for managing company compensation programs by evaluating and analyzing employees' salaries, assist the planning and development of a new and modified sales compensation plan, as well as managing sales compensation short-term incentive programs. The compensation programs are used to improve hiring and boost employee retention. These analysts are skilled and knowledgeable about managing labor costs, benefits structures, and compensation analysis to determine if the employees are fairly compensated.

Benefits analyst vs compensation analyst salary

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

Benefits AnalystCompensation Analyst
Average salary$50,944$66,487
Salary rangeBetween $36,000 And $70,000Between $48,000 And $90,000
Highest paying CityNew York, NYSacramento, CA
Highest paying stateNew JerseyWashington
Best paying companyAmdMeta
Best paying industryProfessionalTechnology

Differences between benefits analyst and compensation analyst education

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

Benefits AnalystCompensation Analyst
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Benefits analyst vs compensation analyst demographics

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

Benefits AnalystCompensation Analyst
Average age4545
Gender ratioMale, 27.8% Female, 72.2%Male, 36.2% Female, 63.8%
Race ratioBlack or African American, 11.1% Unknown, 3.6% Hispanic or Latino, 15.2% Asian, 7.8% White, 61.8% American Indian and Alaska Native, 0.3%Black or African American, 10.5% Unknown, 3.9% Hispanic or Latino, 15.0% Asian, 7.7% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage9%9%

Differences between benefits analyst and compensation analyst duties and responsibilities

Benefits analyst example responsibilities.

  • Manage relationships with all FSA clients including supporting their employee inquiries, reporting, and explain policy and procedure.
  • Manage regulatory compliance with federal and state leave laws such as FMLA, ADA, CFRA, PDL and FEHA.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Develop data analysis procedures to comply with ACA regulations.
  • Screen clients for Medicaid and other health insurance eligibility.
  • Provide functional expertise and leadership of retiree benefits administration during the RFP selection process for outsourcing retirement administration.
  • Show more

Compensation analyst example responsibilities.

  • Manage vendor relationships with fiscal oversight, and ongoing cost management.
  • Manage long-term incentive plan administration including SARP and stock option granting programs (LTI).
  • Create and manage communication materials via PowerPoint publish to sales organization.
  • Report and manage company healthcare budget and direct all vendor relationships.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Provide oversight of sales compensation short-term incentive programs.
  • Show more

Benefits analyst vs compensation analyst skills

Common benefits analyst skills
  • Customer Service, 10%
  • HR, 8%
  • HRIS, 6%
  • Payroll, 6%
  • PowerPoint, 5%
  • RFP, 4%
Common compensation analyst skills
  • HR, 12%
  • Compensation Programs, 7%
  • HRIS, 6%
  • PowerPoint, 5%
  • Data Analysis, 5%
  • Customer Service, 4%

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