What does a senior compensation analyst do?

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.

These skill sets are where the common ground ends though. The responsibilities of a senior compensation analyst are more likely to require skills like "compensation programs," "flsa," "data analysis," and "salary surveys." On the other hand, a job as a benefits & payroll administrator requires skills like "cobra," "payroll system," "open enrollment," and "adp payroll." As you can see, what employees do in each career varies considerably.

An Employee Benefits Supervisor supervises, trains, and completes performance reviews for the staff they manage. They develop and update procedure manuals, analyze, note down company operations, and interact with company vendors, staff, officials, members, and other entities. They oversee all open enrollment aspects with the help of employee wellness and communications or marketing staff. They also manage vendor performance, review service agreements, lead staff calls, meetings, and lead vendor calls.

While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that senior compensation analyst responsibilities requires skills like "compensation programs," "human resources," "flsa," and "salary surveys." But an employee benefits supervisor might use other skills in their typical duties, such as, "hr," "payroll," "customer service," and "cobra."

A benefits advisor specializes in devising benefits programs and strategies for a workforce, ensuring they are well-compensated for their hard work. Typically, their responsibilities revolve around performing research and analysis to identify the needs of employees in a company, studying the benefit programs of competitors, and assessing the existing programs while putting the company's welfare into consideration. They must prepare reports and presentations for clients, provide cost-estimates and business plans, and evaluate risks, all while adhering to the company's policies and regulations, including its vision and mission.

Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from senior compensation analyst resumes include skills like "compensation programs," "human resources," "hris," and "flsa," whereas a benefits advisor is more likely to list skills in "insurance benefits," "patients," "inbound calls," and "medicare advantage. "

A payroll and benefits specialist's role is to oversee and manage a company's compensation procedures, ensuring accuracy and timeliness. Their responsibilities typically include gathering and organizing timesheets, preparing and processing documentation, monitoring employee attendance and schedules, updating databases, preparing and processing invoices, and maintaining records of all transactions. Furthermore, as a payroll and benefits specialist, it is essential to maintain an active communication line with other staff to ensure accuracy in operations, all while adhering to the company's policies and regulations.