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The differences between verification specialists and compensation 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 verification specialist and a compensation analyst. Additionally, a compensation analyst has an average salary of $66,487, which is higher than the $31,564 average annual salary of a verification specialist.
The top three skills for a verification specialist include customer service, patients and data entry. The most important skills for a compensation analyst are HR, compensation programs, and HRIS.
| Verification Specialist | Compensation Analyst | |
| Yearly salary | $31,564 | $66,487 |
| Hourly rate | $15.18 | $31.96 |
| Growth rate | 7% | 7% |
| Number of jobs | 26,348 | 19,344 |
| Job satisfaction | 5 | 5 |
| Most common degree | Bachelor's Degree, 37% | Bachelor's Degree, 73% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
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.
Compensation analysts are responsible for managing company compensation programs by evaluating and analyzing employees' salaries, assist the planning and development of a new and modified sales compensation plan, as well as managing sales compensation short-term incentive programs. The compensation programs are used to improve hiring and boost employee retention. These analysts are skilled and knowledgeable about managing labor costs, benefits structures, and compensation analysis to determine if the employees are fairly compensated.
Verification specialists and compensation analysts have different pay scales, as shown below.
| Verification Specialist | Compensation Analyst | |
| Average salary | $31,564 | $66,487 |
| Salary range | Between $24,000 And $41,000 | Between $48,000 And $90,000 |
| Highest paying City | San Jose, CA | Sacramento, CA |
| Highest paying state | California | Washington |
| Best paying company | Jacobs Engineering Group | Meta |
| Best paying industry | Insurance | Technology |
There are a few differences between a verification specialist and a compensation analyst in terms of educational background:
| Verification Specialist | Compensation Analyst | |
| Most common degree | Bachelor's Degree, 37% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between verification specialists' and compensation analysts' demographics:
| Verification Specialist | Compensation Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 23.9% Female, 76.1% | Male, 36.2% Female, 63.8% |
| Race ratio | 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% | Black or African American, 10.5% Unknown, 3.9% Hispanic or Latino, 15.0% Asian, 7.7% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 9% | 9% |