Benefits Manager Salary

Benefits Managers in the United States are often veterans in their line of work, with slightly less than two-thirds bringing more than 10 years of experience to the table. Salaries slide in at $73K annually on average but can range from $48K to $111K per year. Cash earnings for Benefits Managers — including $15K in bonuses and $10K in profit sharing proceeds near the top of the pay scale — generally stretch from $48K to $111K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by career duration. Benefits Managers who responded to the questionnaire are largely women, dominating at 88 percent. Most report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Benefits Managers claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$49,380 - $106,166
$49K
$73K
$110K
MEDIAN: $73,267
10%
50%
90%

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$13.37 - $29.31
$13
$20
$29
MEDIAN: $20.15
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,380 - $106,166  
   
Bonus
$1,475 - $15,121  
Profit Sharing
$-0.49 - $9,978  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$48,407 - $111,362  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 938
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$13.37 - $29.31  
   
Overtime
$18.38 - $51.38  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,475 - $15,121  
   
Profit Sharing
$-0.49 - $9,978  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$48,407 - $111,362  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 38

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United States (change)

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Job Description for Benefits Manager

A benefits manager is a supervisory position in a company's Human Resources (HR) department. Benefits managers' primary role is to handle all issues related to employee benefits. Usually in most medium and large-sized companies, much of this benefit work revolves around employee health care insurance and related programs, but it can also include other aspects as well.

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Benefits Manager Tasks

  • Ensure compliance of all plans and programs with governmental regulatory agencies.
  • Manage vendors to ensure services are delivered within contractual agreements.
  • Manage the selection, training and development of benefits staff who administer benefit programs and respond to employee inquiries.
  • Propose cost and time efficient changes to benefits programs, manage the annual benefit budgets.

Common Career Paths for Benefits Manager


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Though it's uncommon, some Benefits Managers move into roles as Directors of Compensation & Benefits, where pay is an average $122K per year. Benefits Managers go on to become Human Resources Managers more often than anything even though median pay for the role is $59K. Benefits Managers who move into a Senior Benefits Manager role, another well-traveled path for those in this field, tend to find salaries of $95K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Benefits Managers seem to require a rather large skill set. Most notably, facility with Vendor Management, Pension Plan Administration, and 401k Plan Administration are correlated to pay that is significantly above average, leading to increases of 33 percent, 17 percent, and 6 percent, respectively. Those listing Human Resources as a skill should be prepared for drastically lower pay. Payroll Administration and Health and Wellness also typically command lower compensation. Most people familiar with Benefits Administration also know Microsoft Office and Benefits & Compensation.

Pay by Experience Level for Benefits Manager

Pay by Experience for a Benefits Manager has a positive trend. An entry-level Benefits Manager with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 188 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Benefits Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 340 salaries. An experienced Benefits Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 478 salaries. A Benefits Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $89,000 based on 208 salaries.

Pay Difference by Location

▲43%

▲31%

▲19%

▲18%

▲18%

▲11%

▲3%

▼-1%

▼-3%

National Average: $74,661

Larger city markers indicate a job is popular in that location.

For Benefits Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Benefits Managers can also look forward to large paychecks in cities like San Francisco (+36 percent), Chicago (+31 percent), Houston (+19 percent), and Seattle (+18 percent). The lowest-paying market is San Antonio, which sits 33 percent below the national average, proving that location is a significant contributor to overall pay. Two other places where employers offer below-median salaries are Colorado Springs (30 percent less) and Rochester (21 percent less).

Related Job Salaries

Key Stats for Benefits Manager

Gender

Female
88 %
Male
12 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 161 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
25%
10-19 years
40%
20 years or more
22%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Benefits Manager Salaries

▲19%

▲9%

National Average
$75,000

▼7%

▼20%

Skills That Affect Benefits Manager Salaries

Vendor Management
▲33%



Contract Negotiation
▲5%

Benefits Administration
▲1%

Benefits & Compensation
▲1%

Leave of Absence Administration
▲1%



National Average
$75,000




Payroll Administration
▼8%

Health and Wellness
▼8%

Human Resources
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 161 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
25%
10-19 years
40%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
no benefits
None: 9%
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