Post job

Compensation analyst vs benefits assistant

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 vs benefits assistant overview

Compensation AnalystBenefits Assistant
Yearly salary$66,487$39,850
Hourly rate$31.96$19.16
Growth rate7%7%
Number of jobs19,34425,337
Job satisfaction5-
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 62%
Average age4545
Years of experience66

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.

What does a benefits assistant do?

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 analyst vs benefits assistant salary

Compensation analysts and benefits assistants have different pay scales, as shown below.

Compensation AnalystBenefits Assistant
Average salary$66,487$39,850
Salary rangeBetween $48,000 And $90,000Between $31,000 And $50,000
Highest paying CitySacramento, CASeattle, WA
Highest paying stateWashingtonWashington
Best paying companyMetaIrving Isd
Best paying industryTechnologyGovernment

Differences between compensation analyst and benefits assistant education

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

Compensation AnalystBenefits Assistant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compensation analyst vs benefits assistant demographics

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

Compensation AnalystBenefits Assistant
Average age4545
Gender ratioMale, 36.2% Female, 63.8%Male, 15.7% Female, 84.3%
Race ratioBlack 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 Percentage9%9%

Differences between compensation analyst and benefits assistant duties and responsibilities

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 assistant example responsibilities.

  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Audit HIPAA and outgoing correspondence.
  • Maintain strict confidentiality, observing HIPAA and other policies and guidelines.
  • Post patient payments, verify insurance coverage for new and Medicaid patients.
  • Provide information, education and assistance to clients regarding Medicare and Medicaid by phone and in person.
  • Audit, correct and record all attendance records, vacation records, vacation carryover and vacation/sick accruals.
  • Show more

Compensation analyst vs benefits assistant skills

Common compensation analyst skills
  • HR, 12%
  • Compensation Programs, 7%
  • HRIS, 6%
  • PowerPoint, 5%
  • Data Analysis, 5%
  • Customer Service, 4%
Common benefits assistant skills
  • Human Resources, 10%
  • Data Entry, 8%
  • Cobra, 7%
  • Health Insurance, 7%
  • Open Enrollment, 6%
  • HRIS, 5%

Browse business and financial jobs