Benefits Coordinator Salary
Job Description for Benefits Coordinator
Businesses that have many employees with company-sponsored benefits frequently employ a benefits coordinator. Much of the coordinator's work centers around helping to administer the organization’s health plan, including providing information and processing related documentation. Additionally, the coordinator may be tasked with overseeing employees' earned vacation time and providing data to middle managers for staffing and scheduling needs. Additionally, the benefits coordinator may be the company’s liaison between employees and the administrator of pension and retirement plans.Read More...
The benefits coordinator works with a heavy volume of information that affects a great number of employees, and they must be organized and adhere strictly to all company protocols related to records processing and entry. The coordinator must have a detailed knowledge of the employee and management health plan, including any tiers or differing packages, as well as how benefit payments work. Additionally, the benefits coordinator is expected to prepare detailed reports on the performance of the company health plan. He or she may need to research alternative plans on an ongoing basis to ensure the company is getting the most cost-effective set of benefits. The coordinator also needs to work with employees and managers interested in contributing earnings to any company-offered retirement and 401(k) plans.
An organization typically requires at least a bachelor’s degree or equivalent in human resources or business administration for this position. The work environment for a benefits coordinator is typically in an office during regular business hours.
Benefits Coordinator Tasks
- Develop and prepare communications to employees about benefit programs, procedures, claims and any other government mandated disclosures.
- Administer employee benefits programs.
- Maintain records and procedures for the administration process.
- Ensure accuracy of employee benefits data, including service from third party vendors.
Common Career Paths for Benefits Coordinator
As Benefits Coordinators transition into upper-level roles such as Human Resources Director, they may see a strong upturn in salary. Human Resources Directors earn $80K on average per year. When Benefits Coordinators are ready for the next step in their careers, they often become Benefits Managers or Benefits Administrators. Those roles pay an additional $28K and $3K, respectively.
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Popular Employer Salaries for Benefits Coordinator
American Income Life Insurance Company attracts talent by shelling out the biggest paychecks in the area — the median in that office is $39K.
Pay for Benefits Coordinators is the lowest at Pacific Dental Services Incorporated, which has a median salary of $35K. In addition, there's little room to grow there, with salaries maxing out at $42K.
Popular Skills for Benefits Coordinator
Survey participants wield an impressively varied skill set on the job. Most notably, facility with Payroll Administration, Human Resources, and Human Resources Information System (HRIS) are correlated to pay that is significantly above average, leading to increases of 23 percent, 7 percent, and 6 percent, respectively. Skills that pay less than market rate include Employee Relations, Leave of Absence Administration, and Microsoft Office. The majority of those who know Benefits Administration also know Microsoft Office.
Pay by Experience Level for Benefits Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Benefits Coordinators — those with more experience do not necessarily bring in higher earnings. The average worker who claims fewer than five years of experience earns around $39K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $43K. For Benefits Coordinators, 10 to 20 years of experience on the job amounts to an average salary of $45K. In the end, more experience does seem to mean larger paychecks; seasoned Benefits Coordinators with more than 20 years of experience earn a predictably higher median salary of $50K.
Pay Difference by Location
For Benefits Coordinators, working in the bustling city of Washington has its advantages, including an above-average pay rate. Benefits Coordinators can also look forward to large paychecks in cities like New York (+21 percent), Chicago (+13 percent), Irvine (+12 percent), and San Diego (+11 percent). San Antonio is home to the smallest salaries in the field, lagging the national average by 8 percent.
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