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Benefits Manager Salary (United States)

With slightly less than two-thirds of Benefits Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $45K to $103K per year and averages out to $70K per year. In the world of Benefits Managers, overall cash allowance can occasionally include more than $14K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $45K and $103K. Residence and career duration each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a strong majority, and a solid majority earn dental coverage. Female Benefits Managers far outnumber their male contemporaries in the field. Job satisfaction for Benefits Managers is high. This synopsis is derived from the responses of individuals who took PayScale's salary survey.
Benefits Manager Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$47,686 - $97,690
(Median)
48K
58K
70K
83K
98K
MEDIAN: $69,656
10%
25%
50%
75%
90%
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Benefits Manager Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$13.28 - $39.03
(Median)
13
17
24
39
MEDIAN: $19.00
10%
25%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$47,686 - $97,690  
   
Bonus
$0.00 - $13,872  
Profit Sharing
$341.57 - $9,826  
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).
)
$45,365 - $103,150  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 896
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$13.28 - $39.03  
   
Overtime
$0.00 - $33.52  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $13,872  
   
Profit Sharing
$341.57 - $9,826  
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).
)
$45,365 - $103,150  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 42
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Location:
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United States (change)

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.
Read More...
Benefits Manager Tasks
  • 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.
  • Ensure compliance of all plans and programs with governmental regulatory agencies.
  • Manage vendors to ensure services are delivered within contractual agreements.

Common Career Paths for Benefits Manager

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Benefits Managers may experience if they take an upper-level role like Director of Compensation & Benefits. The position tends to pay $121K annually. Benefits Managers go on to become Human Resources Managers more often than anything even though typical pay for the role is $58K. Benefits Managers who move into a Senior Benefits Manager role, another well-traveled path for those in this field, tend to find salaries of $93K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager

Benefits Managers seem to wield many skills on the job. Most notably, facility with Vendor Management, Project Management, and 401k Plan Administration are correlated to pay that is significantly above average, leading to increases of 41 percent, 15 percent, and 12 percent, respectively. Skills that pay less than market rate include Payroll Administration, Human Resources Information System , and Windows Operating System General Use. Those proficient in Microsoft Excel are, more often than not, also skilled in Benefits & Compensation and Benefits Administration.

Pay by Experience Level for Benefits Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Benefits Managers — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $57K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $68K. Benefits Managers with one to two decades of relevant experience report an average salary of approximately $77K. Benefits Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $83K. Benefits Managers with 10 to 20 years of experience are most common in the field, followed by those with one to 10 years and more than 20 years.

Pay Difference By Location

San Francisco
up arrow 28%
Minneapolis
up arrow 26%
Chicago
up arrow 22%
up arrow 20%
Boston
up arrow 15%
Phoenix
up arrow 9%
Philadelphia
up arrow 7%
Washington
up arrow 5%
Los Angeles
up arrow 5%
Atlanta
up arrow 3%
Dallas
up arrow 3%
0%
National Average
$71,000
Seattle
up arrow 16%
Rochester
up arrow 18%
Denver
up arrow 20%
Larger circles over a city indicate a job is popular in that location.
San Francisco offers some of the highest pay in the country for Benefits Managers, 28 percent above the national average. Those in search of high salaries should also consider checking out cities like Minneapolis, Chicago, New York, and Boston, top-paying markets where Benefits Managers rake in more than the national norm (+26 percent, +22 percent, +20 percent, and +15 percent). Benefits Managers' salaries are heavily influenced by location — Benefits Managers in Denver bring in salaries that are 20 percent lower than the national average. Two other places where employers offer below-median salaries are Rochester (18 percent less) and Seattle (16 percent less).

Related Job Salaries

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Experience Affects Benefits Manager Salaries

National Average
$71,000

Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 41%
Project Management
up arrow 15%
Contract Negotiation
up arrow 9%
Retirement Plan Administration
up arrow 9%
Benefits Administration
up arrow 1%
Microsoft Office
0%
Benefits & Compensation
0%
Microsoft Word
0%
National Average
$71,000
Microsoft Excel
up arrow 1%
Windows Operating System General Use
up arrow 4%
Human Resources Information System (HRIS)
up arrow 6%
Payroll Administration
up arrow 10%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 231 votes.

Gender

Female
86%
female alumni
 
Male
14%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
25%
10-19 years
41%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 84%
vision benefits Vision: 68% employee benefits None: 8%