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The differences between commissions analysts and compensation analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a commissions analyst, becoming a compensation analyst takes usually requires 4-6 years. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $57,373 average annual salary of a commissions analyst.
The top three skills for a commissions analyst include calculation, payroll and salesforce. The most important skills for a compensation analyst are HR, compensation programs, and HRIS.
| Commissions Analyst | Compensation Analyst | |
| Yearly salary | $57,373 | $66,487 |
| Hourly rate | $27.58 | $31.96 |
| Growth rate | 11% | 7% |
| Number of jobs | 66,303 | 19,344 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 44 | 45 |
| Years of experience | 4 | 6 |
A commission analyst is responsible for reviewing financial information and reviewing account statements to post accurate updates on the company's database. Commission analysts assess financial and business transactions, write cost analysis reports, and perform account reconciliation procedures. They also resolve billing discrepancies and identify opportunities to minimize financial loss and increase revenues. A commission analyst must have excellent communication and analytical skills, as well as extensive knowledge of the financial industry, verifying the accuracy of account information, and validating commission reports.
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.
Commissions analysts and compensation analysts have different pay scales, as shown below.
| Commissions Analyst | Compensation Analyst | |
| Average salary | $57,373 | $66,487 |
| Salary range | Between $40,000 And $80,000 | Between $48,000 And $90,000 |
| Highest paying City | Freehold, NJ | Sacramento, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between a commissions analyst and a compensation analyst in terms of educational background:
| Commissions Analyst | Compensation Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between commissions analysts' and compensation analysts' demographics:
| Commissions Analyst | Compensation Analyst | |
| Average age | 44 | 45 |
| Gender ratio | Male, 36.5% Female, 63.5% | Male, 36.2% Female, 63.8% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.3% Asian, 11.7% White, 65.7% American Indian and Alaska Native, 0.2% | 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 Percentage | 12% | 9% |