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Employee benefits specialist vs senior compensation analyst

The differences between employee benefits specialists and senior 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 an employee benefits specialist and a senior compensation analyst. Additionally, a senior compensation analyst has an average salary of $85,796, 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 senior compensation analyst are compensation programs, human resources, and HRIS.

Employee benefits specialist vs senior compensation analyst overview

Employee Benefits SpecialistSenior Compensation Analyst
Yearly salary$45,893$85,796
Hourly rate$22.06$41.25
Growth rate7%7%
Number of jobs18,64417,361
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Average age4545
Years of experience66

What does an employee benefits specialist do?

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 They must work with database systems to maintain digital files while removing and destroying outdated or obsolete files.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.

What does a senior compensation analyst do?

A senior compensation analyst is primarily in charge of developing and maintaining compensation programs for a company's employees. Their responsibilities revolve around performing extensive research and analysis to identify employee needs, understanding the extent of every workforce position, conducting surveys, improving existing programs, and learning the compensation programs of competitors. Furthermore, as a senior compensation analyst, it is essential to lead and encourage teams to reach goals and serve as a mentor to junior analysts, all while implementing the company's policies and regulations.

Employee benefits specialist vs senior compensation analyst salary

Employee benefits specialists and senior compensation analysts have different pay scales, as shown below.

Employee Benefits SpecialistSenior Compensation Analyst
Average salary$45,893$85,796
Salary rangeBetween $31,000 And $67,000Between $63,000 And $116,000
Highest paying CityParsippany-Troy Hills, NJSacramento, CA
Highest paying stateNew JerseyNew Jersey
Best paying companyRSM USWedbush Securities
Best paying industryProfessionalReal Estate

Differences between employee benefits specialist and senior compensation analyst education

There are a few differences between an employee benefits specialist and a senior compensation analyst in terms of educational background:

Employee Benefits SpecialistSenior Compensation Analyst
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Employee benefits specialist vs senior compensation analyst demographics

Here are the differences between employee benefits specialists' and senior compensation analysts' demographics:

Employee Benefits SpecialistSenior Compensation Analyst
Average age4545
Gender ratioMale, 28.1% Female, 71.9%Male, 34.8% Female, 65.2%
Race ratioBlack 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, 3.9% Hispanic or Latino, 14.9% Asian, 7.7% White, 62.4% American Indian and Alaska Native, 0.5%
LGBT Percentage9%9%

Differences between employee benefits specialist and senior compensation analyst duties and responsibilities

Employee benefits specialist example responsibilities.

  • Manage submission process of all documents to the IRS for approval.
  • Manage newly trusteed and terminate pension plans to ensure termination complies with ERISA.
  • Manage payroll deductions, responsible for monthly insurance premium payments, and coordinate/communicate annual open enrollment.
  • Account coordinator for health, dental, fsa, hsa, supplemental coverages.
  • Process and maintain FSA, HSA, and HRA contributions, deductions, and reimbursements.
  • Create new HIPAA privacy compliance plan.
  • Show more

Senior compensation analyst example responsibilities.

  • Manage retention program including calculating and paying out all retention amounts and monthly accruals.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Update records for disability area including workers compensation and FMLA.
  • Project management of job evaluation and FLSA classification to support payroll consolidation of a high tech subsidiary.
  • Conduct job analysis / evaluation to determine appropriate FLSA classification and salary level according to compensation guidelines and policy.
  • Develop specifications and team with technology staff to implement performance measurement and merit processing system, including integration with HRIS.
  • Show more

Employee benefits specialist vs senior compensation analyst skills

Common employee benefits specialist skills
  • RFP, 13%
  • Health Benefits, 10%
  • Cobra, 6%
  • Human Resources, 6%
  • HIPAA, 5%
  • HRIS, 4%
Common senior compensation analyst skills
  • Compensation Programs, 10%
  • Human Resources, 9%
  • HRIS, 6%
  • FLSA, 4%
  • Data Analysis, 4%
  • Salary Surveys, 3%

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