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The differences between senior compensation analysts and benefits analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior compensation analyst and a benefits analyst. Additionally, a senior compensation analyst has an average salary of $85,796, which is higher than the $50,944 average annual salary of a benefits analyst.
The top three skills for a senior compensation analyst include compensation programs, human resources and HRIS. The most important skills for a benefits analyst are customer service, HR, and HRIS.
| Senior Compensation Analyst | Benefits Analyst | |
| Yearly salary | $85,796 | $50,944 |
| Hourly rate | $41.25 | $24.49 |
| Growth rate | 7% | 7% |
| Number of jobs | 17,361 | 20,211 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
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.
A Benefits Analyst is responsible for administering and communicating benefit programs for an organization. They attract and retain employees through researching, recommending, and explaining benefit programs.
Senior compensation analysts and benefits analysts have different pay scales, as shown below.
| Senior Compensation Analyst | Benefits Analyst | |
| Average salary | $85,796 | $50,944 |
| Salary range | Between $63,000 And $116,000 | Between $36,000 And $70,000 |
| Highest paying City | Sacramento, CA | New York, NY |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Wedbush Securities | Amd |
| Best paying industry | Real Estate | Professional |
There are a few differences between a senior compensation analyst and a benefits analyst in terms of educational background:
| Senior Compensation Analyst | Benefits Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior compensation analysts' and benefits analysts' demographics:
| Senior Compensation Analyst | Benefits Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 34.8% Female, 65.2% | Male, 27.8% Female, 72.2% |
| Race ratio | 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% | Black or African American, 11.1% Unknown, 3.6% Hispanic or Latino, 15.2% Asian, 7.8% White, 61.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |