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The differences between compensation analysts and benefits assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a compensation analyst and a benefits assistant. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $39,850 average annual salary of a benefits assistant.
The top three skills for a compensation analyst include HR, compensation programs and HRIS. The most important skills for a benefits assistant are human resources, data entry, and cobra.
| Compensation Analyst | Benefits Assistant | |
| Yearly salary | $66,487 | $39,850 |
| Hourly rate | $31.96 | $19.16 |
| Growth rate | 7% | 7% |
| Number of jobs | 19,344 | 25,337 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 62% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
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.
Typically working in a human resources department, a benefits assistant is in charge of performing clerical support tasks for an efficient workflow. They primarily communicate with employees to answer inquiries regarding benefits and compensation programs, assist in processing documents, and resolve issues and concerns. Their responsibilities also include conducting research and analysis, liaising with external parties such as vendors and suppliers, organizing documents, and maintaining records. Above all, it is essential to carry out duties while adhering to the company's policies and regulations.
Compensation analysts and benefits assistants have different pay scales, as shown below.
| Compensation Analyst | Benefits Assistant | |
| Average salary | $66,487 | $39,850 |
| Salary range | Between $48,000 And $90,000 | Between $31,000 And $50,000 |
| Highest paying City | Sacramento, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Meta | Irving Isd |
| Best paying industry | Technology | Government |
There are a few differences between a compensation analyst and a benefits assistant in terms of educational background:
| Compensation Analyst | Benefits Assistant | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between compensation analysts' and benefits assistants' demographics:
| Compensation Analyst | Benefits Assistant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 36.2% Female, 63.8% | Male, 15.7% Female, 84.3% |
| Race ratio | 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% | Black or African American, 10.5% Unknown, 3.8% Hispanic or Latino, 15.4% Asian, 7.9% White, 62.0% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |