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The differences between employee benefits specialists and compensation specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an employee benefits specialist and a compensation specialist. Additionally, a compensation specialist has an average salary of $67,722, which is higher than the $45,893 average annual salary of an employee benefits specialist.
The top three skills for an employee benefits specialist include RFP, health benefits and cobra. The most important skills for a compensation specialist are human resources, compensation programs, and customer service.
| Employee Benefits Specialist | Compensation Specialist | |
| Yearly salary | $45,893 | $67,722 |
| Hourly rate | $22.06 | $32.56 |
| Growth rate | 7% | 7% |
| Number of jobs | 18,644 | 32,642 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
Document clerks are employees who are responsible for tracking and controlling technical documents according to the business standards of an organization. These clerks are required to scan and photocopy business-related documents such as client files, correspondence, and company records. They must work with database systems to maintain digital files while removing and destroying outdated or obsolete files. Document clerks must also verify information in company documents to ensure that the information of clients is correct and resent in all documents.
A compensation specialist is responsible for evaluating the organization's benefits package for the employees, following the state regulations and legislation procedures. Compensation specialists identify the staff needs and develop opportunities that would maximize productivity and increase efficiency. They also analyze the market performance to adjust compensation rates according to roles as needed with the coordination of the finance department. A compensation specialist facilitates orientations for new programs and informs the employees about any changes in the payment system.
Employee benefits specialists and compensation specialists have different pay scales, as shown below.
| Employee Benefits Specialist | Compensation Specialist | |
| Average salary | $45,893 | $67,722 |
| Salary range | Between $31,000 And $67,000 | Between $41,000 And $110,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | RSM US | Microsoft |
| Best paying industry | Professional | - |
There are a few differences between an employee benefits specialist and a compensation specialist in terms of educational background:
| Employee Benefits Specialist | Compensation Specialist | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between employee benefits specialists' and compensation specialists' demographics:
| Employee Benefits Specialist | Compensation Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 28.1% Female, 71.9% | Male, 25.3% Female, 74.7% |
| Race ratio | Black or African American, 11.4% Unknown, 3.7% Hispanic or Latino, 14.8% Asian, 7.7% White, 62.1% American Indian and Alaska Native, 0.4% | Black or African American, 10.6% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.4% White, 62.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |