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The differences between compensation analysts and provider enrollment specialists 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 provider enrollment specialist. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $39,494 average annual salary of a provider enrollment specialist.
The top three skills for a compensation analyst include HR, compensation programs and HRIS. The most important skills for a provider enrollment specialist are data entry, patients, and CAQH.
| Compensation Analyst | Provider Enrollment Specialist | |
| Yearly salary | $66,487 | $39,494 |
| Hourly rate | $31.96 | $18.99 |
| Growth rate | 7% | 7% |
| Number of jobs | 19,344 | 42,271 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 46% |
| 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.
A provider enrollment specialist is in charge of handling application procedures in a company or facility. Their responsibilities typically revolve around gathering information, reviewing and verifying requirements, processing applications, and liaising with clients. They may also maintain and update databases, assist during complicated procedures, and ensure that all requirements are complete and accurate. Furthermore, as a provider enrollment specialist, it is essential to discuss terms and conditions to clients, helping them understand the company's policies and regulations, including its vision and mission.
Compensation analysts and provider enrollment specialists have different pay scales, as shown below.
| Compensation Analyst | Provider Enrollment Specialist | |
| Average salary | $66,487 | $39,494 |
| Salary range | Between $48,000 And $90,000 | Between $28,000 And $54,000 |
| Highest paying City | Sacramento, CA | Oakland, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | Meta | McKinsey & Company Inc |
| Best paying industry | Technology | Technology |
There are a few differences between a compensation analyst and a provider enrollment specialist in terms of educational background:
| Compensation Analyst | Provider Enrollment Specialist | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 46% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between compensation analysts' and provider enrollment specialists' demographics:
| Compensation Analyst | Provider Enrollment Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 36.2% Female, 63.8% | Male, 19.6% Female, 80.4% |
| 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, 12.5% Unknown, 3.6% Hispanic or Latino, 15.6% Asian, 7.5% White, 60.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |