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The differences between retirement plan specialists and workerss compensation coordinator can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a retirement plan specialist and a workers compensation coordinator. Additionally, a workers compensation coordinator has an average salary of $61,323, which is higher than the $60,611 average annual salary of a retirement plan specialist.
The top three skills for a retirement plan specialist include life insurance, financial products and FINRA. The most important skills for a workers compensation coordinator are OSHA, patients, and rehabilitation.
| Retirement Plan Specialist | Workers Compensation Coordinator | |
| Yearly salary | $60,611 | $61,323 |
| Hourly rate | $29.14 | $29.48 |
| Growth rate | 7% | 7% |
| Number of jobs | 9,336 | 22,910 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 49% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
Retirement plan specialists are experts who plan out their client's financial needs for retirement. The specialist's design and implement savings, benefit, and pension programs for clients. They have to explain the complicated nature of compensation, investment, and retirement packages to employees clearly and concisely. They process retirement plans following company and federal regulations. Also, they often have a background in business or human resources, and they may choose to earn employee benefit certifications that may help with their career advancement.
Workers compensation coordinators work with supervisors to identify incident causes and the best corrective actions. They train coordinators and supervisors on reporting and managing workers' compensation claims. Besides coordinating EHS committee meetings and managing EHS files, workers' compensation coordinators also manage workers' programs for hearing tests, safety glasses, and safety shoes. These professionals use the company credit card or purchasing system to order safety supplies. Also, they ensure workers get the needed care by partnering with medical providers and injured employees.
Retirement plan specialists and workerss compensation coordinator have different pay scales, as shown below.
| Retirement Plan Specialist | Workers Compensation Coordinator | |
| Average salary | $60,611 | $61,323 |
| Salary range | Between $41,000 And $88,000 | Between $41,000 And $91,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Tesla |
| Best paying industry | - | Finance |
There are a few differences between a retirement plan specialist and a workers compensation coordinator in terms of educational background:
| Retirement Plan Specialist | Workers Compensation Coordinator | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between retirement plan specialists' and workerss compensation coordinator' demographics:
| Retirement Plan Specialist | Workers Compensation Coordinator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 54.4% Female, 45.6% | Male, 30.2% Female, 69.8% |
| Race ratio | Black or African American, 10.5% Unknown, 3.8% Hispanic or Latino, 15.2% Asian, 7.8% White, 62.2% American Indian and Alaska Native, 0.4% | Black or African American, 10.7% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 6.8% White, 63.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |