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The differences between compensation managers and compensation analysts 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 manager and a compensation analyst. Additionally, a compensation manager has an average salary of $100,119, which is higher than the $66,487 average annual salary of a compensation analyst.
The top three skills for a compensation manager include human resources, HRIS and compensation policies. The most important skills for a compensation analyst are HR, compensation programs, and HRIS.
| Compensation Manager | Compensation Analyst | |
| Yearly salary | $100,119 | $66,487 |
| Hourly rate | $48.13 | $31.96 |
| Growth rate | 2% | 7% |
| Number of jobs | 7,941 | 19,344 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 46 | 45 |
| Years of experience | 6 | 6 |
A compensation manager is primarily responsible for developing and establishing a company's payment scale and system, ensuring all employees are well-compensated while putting the company's welfare into consideration. Moreover, a compensation manager must ensure to distribute benefits and pay rate in adherence to the laws and regulations, identify the wage rate of competitor companies, monitor the budget, and oversee the payroll and payment processes, ensuring accuracy and timeliness. Furthermore, as a manager, it is essential to lead the team, all while implementing the company's policies and regulations.
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.
Compensation managers and compensation analysts have different pay scales, as shown below.
| Compensation Manager | Compensation Analyst | |
| Average salary | $100,119 | $66,487 |
| Salary range | Between $71,000 And $139,000 | Between $48,000 And $90,000 |
| Highest paying City | Sacramento, CA | Sacramento, CA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | DLA Piper | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between a compensation manager and a compensation analyst in terms of educational background:
| Compensation Manager | Compensation Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between compensation managers' and compensation analysts' demographics:
| Compensation Manager | Compensation Analyst | |
| Average age | 46 | 45 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 36.2% Female, 63.8% |
| Race ratio | Black 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, 10.5% Unknown, 3.9% Hispanic or Latino, 15.0% Asian, 7.7% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 35% | 9% |