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Compensation consultant vs compensation and benefits technician

The differences between compensation consultants and compensation and benefits technicians 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 consultant and a compensation and benefits technician. Additionally, a compensation consultant has an average salary of $90,436, which is higher than the $52,410 average annual salary of a compensation and benefits technician.

The top three skills for a compensation consultant include human resources, project management and data analysis. The most important skills for a compensation and benefits technician are payroll, data entry, and open enrollment.

Compensation consultant vs compensation and benefits technician overview

Compensation ConsultantCompensation And Benefits Technician
Yearly salary$90,436$52,410
Hourly rate$43.48$25.20
Growth rate2%2%
Number of jobs11,74516,838
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 61%
Average age4646
Years of experience66

Compensation consultant vs compensation and benefits technician salary

Compensation consultants and compensation and benefits technicians have different pay scales, as shown below.

Compensation ConsultantCompensation And Benefits Technician
Average salary$90,436$52,410
Salary rangeBetween $65,000 And $124,000Between $33,000 And $80,000
Highest paying CityBerkeley, CA-
Highest paying stateWashington-
Best paying companyMicrosoft-
Best paying industryFinance-

Differences between compensation consultant and compensation and benefits technician education

There are a few differences between a compensation consultant and a compensation and benefits technician in terms of educational background:

Compensation ConsultantCompensation And Benefits Technician
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compensation consultant vs compensation and benefits technician demographics

Here are the differences between compensation consultants' and compensation and benefits technicians' demographics:

Compensation ConsultantCompensation And Benefits Technician
Average age4646
Gender ratioMale, 37.1% Female, 62.9%Male, 23.1% Female, 76.9%
Race ratioBlack or African American, 11.2% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 8.4% White, 66.6% American Indian and Alaska Native, 0.4%Black or African American, 11.3% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 8.3% White, 66.5% American Indian and Alaska Native, 0.4%
LGBT Percentage35%35%

Differences between compensation consultant and compensation and benefits technician duties and responsibilities

Compensation consultant example responsibilities.

  • Lead development of automate total compensation planning system in PeopleSoft environment to focus management control and communications.
  • Formulate recommendations regarding development of company salary structure, FLSA exemptions, job revisions and organizational structures.
  • Job evaluations, compensation/performance analysis, HRIS and staff management.
  • Developed/delivered staff consultant training programs on sales compensation, FLSA, and executive compensation regulations.
  • Support compensation administration and HRIS implementation
  • Develop valuation model for options and other LTI vehicles for use in the survey and on client projects.
  • Show more

Compensation and benefits technician example responsibilities.

  • Practice compliant HIPAA, particularly regarding ePHI.
  • Research Medicaid claims using MMIS to locate discrepancies of payments.
  • Review benefits transition statements for accuracy, using Lawson HRIS; statement to verify employee prior and new position benefits.
  • Process and maintain benefit insurance enrollments, changes and terminations for all programs within company HRIS system and vendor websites.
  • Process benefit enrollments with vendors and enter benefit payroll deductions.
  • Produce weekly payroll, distribute payroll vouchers and compensation statements to field agency office according to schedules.
  • Show more

Compensation consultant vs compensation and benefits technician skills

Common compensation consultant skills
  • Human Resources, 12%
  • Project Management, 8%
  • Data Analysis, 8%
  • HRIS, 8%
  • Salary Administration, 5%
  • Base Salary, 4%
Common compensation and benefits technician skills
  • Payroll, 18%
  • Data Entry, 17%
  • Open Enrollment, 11%
  • Cobra, 7%
  • Insurance Carriers, 7%
  • Retirement System, 5%

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