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Retirement specialist vs workers compensation coordinator

The differences between retirement 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 specialist and a workers compensation coordinator. Additionally, a workers compensation coordinator has an average salary of $61,323, which is higher than the $40,474 average annual salary of a retirement specialist.

The top three skills for a retirement specialist include life insurance, HR and recordkeeping. The most important skills for a workers compensation coordinator are OSHA, patients, and rehabilitation.

Retirement specialist vs workers compensation coordinator overview

Retirement SpecialistWorkers Compensation Coordinator
Yearly salary$40,474$61,323
Hourly rate$19.46$29.48
Growth rate7%7%
Number of jobs24,91622,910
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 49%
Average age4545
Years of experience66

What does a retirement specialist do?

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.

What does a workers compensation coordinator do?

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 specialist vs workers compensation coordinator salary

Retirement specialists and workerss compensation coordinator have different pay scales, as shown below.

Retirement SpecialistWorkers Compensation Coordinator
Average salary$40,474$61,323
Salary rangeBetween $29,000 And $56,000Between $41,000 And $91,000
Highest paying CityNewark, NJNew York, NY
Highest paying stateNew JerseyNew York
Best paying companyAmgenTesla
Best paying industryFinanceFinance

Differences between retirement specialist and workers compensation coordinator education

There are a few differences between a retirement specialist and a workers compensation coordinator in terms of educational background:

Retirement SpecialistWorkers Compensation Coordinator
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 49%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Retirement specialist vs workers compensation coordinator demographics

Here are the differences between retirement specialists' and workerss compensation coordinator' demographics:

Retirement SpecialistWorkers Compensation Coordinator
Average age4545
Gender ratioMale, 52.0% Female, 48.0%Male, 30.2% Female, 69.8%
Race ratioBlack 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, 10.7% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 6.8% White, 63.1% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between retirement specialist and workers compensation coordinator duties and responsibilities

Retirement specialist example responsibilities.

  • Manage and resolve participant escalations and requests from DOL.
  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Review social security, Medicare, annuities and tax relate questions.
  • Process recalculations and payroll for retirees resuming their retirement benefits.
  • Utilize ASC and SRT recordkeeping systems.
  • Educate participants, clients and third party facilitators on various ERISA regulations and procedures.
  • Show more

Workers compensation coordinator example responsibilities.

  • Support, maintain and manage input of information into the automated HRIS system, and integrate HRIS with other systems.
  • Manage litigation, pay timely compensation, file necessary state forms timely, negotiate appropriate settlements within company assign authority.
  • Maintain employee records in ADP and PeopleSoft.
  • Create job codes using PeopleSoft; conduct periodic audits and analysis.
  • Act as liaison with third-party administrator (TPA) and insurance carrier.
  • Assist in the development of new applicant tracking system and HRIS database.
  • Show more

Retirement specialist vs workers compensation coordinator skills

Common retirement specialist skills
  • Life Insurance, 11%
  • HR, 10%
  • Recordkeeping, 8%
  • Payroll, 8%
  • Medicare, 7%
  • Financial Products, 6%
Common workers compensation coordinator skills
  • OSHA, 10%
  • Patients, 10%
  • Rehabilitation, 7%
  • Data Entry, 7%
  • Insurance Adjusters, 4%
  • Patient Care, 4%

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