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The differences between buying analysts and workforce management analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a buying analyst, becoming a workforce management analyst takes usually requires 2-4 years. Additionally, a buying analyst has an average salary of $77,425, which is higher than the $64,447 average annual salary of a workforce management analyst.
The top three skills for a buying analyst include purchase orders, delivery schedules and MRP. The most important skills for a workforce management analyst are call volume, powerpoint, and schedule adherence.
| Buying Analyst | Workforce Management Analyst | |
| Yearly salary | $77,425 | $64,447 |
| Hourly rate | $37.22 | $30.98 |
| Growth rate | 11% | 11% |
| Number of jobs | 22,966 | 127,151 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 57% |
| Average age | 48 | 44 |
| Years of experience | 6 | 4 |
A buying analyst specializes in conducting extensive market research and analysis to develop conclusions and recommendations that will help companies in making purchase decisions. They focus on studying the suppliers and competing companies, gathering and analyzing consumer feedback, performing audits and risk assessments, and making forecast models. They may also assess and evaluate external parties, such as vendors and distributors. Through the findings of their research, a buying analyst may also help in establishing guidelines, protocols, and methods to optimize business operations and develop solutions against problem areas.
A workforce management analyst's role is to oversee the workforce in a company while developing better management strategies. Their responsibilities revolve around conducting research and analysis to identify employees' needs, detect vulnerabilities in human resources, monitor staff performance and attendance, address issues and concerns, ensure schedule compliance, and coordinate with different departments within the company. A workforce management analyst may also perform clerical tasks such as producing reports, creating presentations, and arranging schedules. Moreover, it is vital to ensure that all employees adhere to the company's policies and regulations.
Buying analysts and workforce management analysts have different pay scales, as shown below.
| Buying Analyst | Workforce Management Analyst | |
| Average salary | $77,425 | $64,447 |
| Salary range | Between $52,000 And $113,000 | Between $43,000 And $95,000 |
| Highest paying City | Palo Alto, CA | Albany, NY |
| Highest paying state | Washington | New York |
| Best paying company | YellowHammer | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a buying analyst and a workforce management analyst in terms of educational background:
| Buying Analyst | Workforce Management Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between buying analysts' and workforce management analysts' demographics:
| Buying Analyst | Workforce Management Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 52.2% Female, 47.8% | Male, 54.2% Female, 45.8% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.4% White, 65.9% American Indian and Alaska Native, 0.8% | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 10.1% White, 67.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |