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The differences between retirement specialists and verification specialists 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 specialist and a verification specialist. Additionally, a retirement specialist has an average salary of $40,474, which is higher than the $31,564 average annual salary of a verification specialist.
The top three skills for a retirement specialist include life insurance, HR and recordkeeping. The most important skills for a verification specialist are customer service, patients, and data entry.
| Retirement Specialist | Verification Specialist | |
| Yearly salary | $40,474 | $31,564 |
| Hourly rate | $19.46 | $15.18 |
| Growth rate | 7% | 7% |
| Number of jobs | 24,916 | 26,348 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 37% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A retirement specialist is responsible for designing and implementing retirement packages such as benefits, savings, profit sharing, and pensions to the employees of a certain company. They work together with the human resource department to ensure that all retirees can access their benefits and pensions. Their duties and responsibilities include explaining the different retirement packages to the potential beneficiaries and working with HR to resolve any issues.
The verification specialist's primary role is to make and take calls to employers for the purpose of verifying information stated by an applicant on his/her /her job application. They manage calls inbound/outbound for education, employment, reference, and licensing verification purposes. They also maintain and keep records of all calls handled to ensure all verifications made are followed upon on time. They communicate effectively and proficiently to all parties involved in attaining verification information. Moreover, they do monthly review to quality check all data gathered for verifications.
Retirement specialists and verification specialists have different pay scales, as shown below.
| Retirement Specialist | Verification Specialist | |
| Average salary | $40,474 | $31,564 |
| Salary range | Between $29,000 And $56,000 | Between $24,000 And $41,000 |
| Highest paying City | Newark, NJ | San Jose, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Amgen | Jacobs Engineering Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a retirement specialist and a verification specialist in terms of educational background:
| Retirement Specialist | Verification Specialist | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 37% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between retirement specialists' and verification specialists' demographics:
| Retirement Specialist | Verification Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 23.9% Female, 76.1% |
| Race ratio | Black or African American, 10.8% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 7.7% White, 62.2% American Indian and Alaska Native, 0.3% | Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |