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The differences between senior compensation analysts and benefits & payroll administrators 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 & payroll administrator. Additionally, a senior compensation analyst has an average salary of $85,796, which is higher than the $50,662 average annual salary of a benefits & payroll administrator.
The top three skills for a senior compensation analyst include compensation programs, human resources and HRIS. The most important skills for a benefits & payroll administrator are human resources, HRIS, and cobra.
| Senior Compensation Analyst | Benefits & Payroll Administrator | |
| Yearly salary | $85,796 | $50,662 |
| Hourly rate | $41.25 | $24.36 |
| Growth rate | 7% | 7% |
| Number of jobs | 17,361 | 61,356 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 55% |
| 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.
The Benefits and Payroll Administrator manages the company's payroll, ensuring work benefits and employee documents are secure. The administrator also delivers employees' issues and concerns to the company's proper channels. This position also helps in the audit of the company and ensures compliance with state and federal regulations. This administrative position requires bookkeeping knowledge, a bachelor's degree, and experience in using spreadsheets and accounting software.
Senior compensation analysts and benefits & payroll administrators have different pay scales, as shown below.
| Senior Compensation Analyst | Benefits & Payroll Administrator | |
| Average salary | $85,796 | $50,662 |
| Salary range | Between $63,000 And $116,000 | Between $37,000 And $68,000 |
| Highest paying City | Sacramento, CA | San Jose, CA |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Wedbush Securities | HGA |
| Best paying industry | Real Estate | Professional |
There are a few differences between a senior compensation analyst and a benefits & payroll administrator in terms of educational background:
| Senior Compensation Analyst | Benefits & Payroll Administrator | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior compensation analysts' and benefits & payroll administrators' demographics:
| Senior Compensation Analyst | Benefits & Payroll Administrator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 34.8% Female, 65.2% | Male, 11.7% Female, 88.3% |
| 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, 10.6% Unknown, 3.6% Hispanic or Latino, 15.1% Asian, 7.8% White, 62.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |