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The differences between compensation managers and employee benefits coordinators 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 an employee benefits coordinator. Additionally, a compensation manager has an average salary of $100,119, which is higher than the $42,484 average annual salary of an employee benefits coordinator.
The top three skills for a compensation manager include human resources, HRIS and compensation policies. The most important skills for an employee benefits coordinator are human resources, OSHA, and workers compensation.
| Compensation Manager | Employee Benefits Coordinator | |
| Yearly salary | $100,119 | $42,484 |
| Hourly rate | $48.13 | $20.43 |
| Growth rate | 2% | 2% |
| Number of jobs | 7,941 | 22,910 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 56% |
| Average age | 46 | 46 |
| 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.
An employee benefits coordinator works at a company's human resources department, where they are in charge of overseeing benefits programs and assisting employees in its enrollment procedures. Their responsibilities usually include answering inquiries, discussing benefits and retirement plans, helping employees process their requirements, and updating employees with any changes related to their applications. They must also liaise with benefits and insurance providers, assist the human resources staff in maintaining and updating employee records, and conduct regular reviews and assessments to ensure that all procedures adhere to standards and regulations.
Compensation managers and employee benefits coordinators have different pay scales, as shown below.
| Compensation Manager | Employee Benefits Coordinator | |
| Average salary | $100,119 | $42,484 |
| Salary range | Between $71,000 And $139,000 | Between $30,000 And $59,000 |
| Highest paying City | Sacramento, CA | - |
| Highest paying state | Massachusetts | - |
| Best paying company | DLA Piper | - |
| Best paying industry | Technology | - |
There are a few differences between a compensation manager and an employee benefits coordinator in terms of educational background:
| Compensation Manager | Employee Benefits Coordinator | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between compensation managers' and employee benefits coordinators' demographics:
| Compensation Manager | Employee Benefits Coordinator | |
| Average age | 46 | 46 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 17.5% Female, 82.5% |
| 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, 11.3% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 6.7% White, 68.0% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 35% | 35% |