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The differences between compensation analysts and workerss compensation coordinator 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 workers compensation coordinator. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $61,323 average annual salary of a workers compensation coordinator.
The top three skills for a compensation analyst include HR, compensation programs and HRIS. The most important skills for a workers compensation coordinator are OSHA, patients, and rehabilitation.
| Compensation Analyst | Workers Compensation Coordinator | |
| Yearly salary | $66,487 | $61,323 |
| Hourly rate | $31.96 | $29.48 |
| Growth rate | 7% | 7% |
| Number of jobs | 19,344 | 22,910 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 49% |
| 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.
Workers compensation coordinators work with supervisors to identify incident causes and the best corrective actions. They train coordinators and supervisors on reporting and managing workers' compensation claims. Besides coordinating EHS committee meetings and managing EHS files, workers' compensation coordinators also manage workers' programs for hearing tests, safety glasses, and safety shoes. These professionals use the company credit card or purchasing system to order safety supplies. Also, they ensure workers get the needed care by partnering with medical providers and injured employees.
Compensation analysts and workerss compensation coordinator have different pay scales, as shown below.
| Compensation Analyst | Workers Compensation Coordinator | |
| Average salary | $66,487 | $61,323 |
| Salary range | Between $48,000 And $90,000 | Between $41,000 And $91,000 |
| Highest paying City | Sacramento, CA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Meta | Tesla |
| Best paying industry | Technology | Finance |
There are a few differences between a compensation analyst and a workers compensation coordinator in terms of educational background:
| Compensation Analyst | Workers Compensation Coordinator | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between compensation analysts' and workerss compensation coordinator' demographics:
| Compensation Analyst | Workers Compensation Coordinator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 36.2% Female, 63.8% | Male, 30.2% Female, 69.8% |
| 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, 10.7% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 6.8% White, 63.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |