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Benefits consultant vs compensation and benefits technician

The differences between benefits consultants and compensation and benefits technicians 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 consultant and a compensation and benefits technician. Additionally, a benefits consultant has an average salary of $79,068, which is higher than the $52,410 average annual salary of a compensation and benefits technician.

The top three skills for a benefits consultant include HR, customer service and life insurance. The most important skills for a compensation and benefits technician are payroll, data entry, and open enrollment.

Benefits consultant vs compensation and benefits technician overview

Benefits ConsultantCompensation And Benefits Technician
Yearly salary$79,068$52,410
Hourly rate$38.01$25.20
Growth rate2%2%
Number of jobs19,30816,838
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 61%
Average age4646
Years of experience66

Benefits consultant vs compensation and benefits technician salary

Benefits consultants and compensation and benefits technicians have different pay scales, as shown below.

Benefits ConsultantCompensation And Benefits Technician
Average salary$79,068$52,410
Salary rangeBetween $51,000 And $121,000Between $33,000 And $80,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyBMO Capital Markets-
Best paying industryManufacturing-

Differences between benefits consultant and compensation and benefits technician education

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

Benefits ConsultantCompensation And Benefits Technician
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Benefits consultant vs compensation and benefits technician demographics

Here are the differences between benefits consultants' and compensation and benefits technicians' demographics:

Benefits ConsultantCompensation And Benefits Technician
Average age4646
Gender ratioMale, 46.7% Female, 53.3%Male, 23.1% Female, 76.9%
Race ratioBlack or African American, 11.2% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 8.0% White, 66.9% American Indian and Alaska Native, 0.4%Black or African American, 11.3% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 8.3% White, 66.5% American Indian and Alaska Native, 0.4%
LGBT Percentage35%35%

Differences between benefits consultant and compensation and benefits technician duties and responsibilities

Benefits consultant example responsibilities.

  • Manage benefits for fully insure medical/dental plans with life, long-term disability, and FSA accounts.
  • Manage annual non-discrimination testing, audit and IRS filings for qualify retirement plan, working with external vendors.
  • Manage vendors for medical, dental, pharmacy, vision, HSA, long-term care and work-life resource and referral programs.
  • Manage several SDLC phases for enterprise systems used by state government agencies to perform environmental and environmental management.
  • Provide SharePoint development and administration, budget and financial reporting; manage invoicing; and develop training manuals and user guides.
  • Coach clients and provide orientation about cobra act.
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Compensation and benefits technician example responsibilities.

  • Practice compliant HIPAA, particularly regarding ePHI.
  • Research Medicaid claims using MMIS to locate discrepancies of payments.
  • Review benefits transition statements for accuracy, using Lawson HRIS; statement to verify employee prior and new position benefits.
  • Process and maintain benefit insurance enrollments, changes and terminations for all programs within company HRIS system and vendor websites.
  • Process benefit enrollments with vendors and enter benefit payroll deductions.
  • Produce weekly payroll, distribute payroll vouchers and compensation statements to field agency office according to schedules.
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Benefits consultant vs compensation and benefits technician skills

Common benefits consultant skills
  • HR, 10%
  • Customer Service, 8%
  • Life Insurance, 7%
  • Strong Analytical, 6%
  • Health Insurance, 5%
  • Client Relationships, 5%
Common compensation and benefits technician skills
  • Payroll, 18%
  • Data Entry, 17%
  • Open Enrollment, 11%
  • Cobra, 7%
  • Insurance Carriers, 7%
  • Retirement System, 5%

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