Benefits Manager Salary

Benefits Managers in the United States with more than 10 years of experience in their profession represent just below two-thirds of Benefits Managers. Salaries average out to around $70K annually and spread from $46K to $103K per year. Total cash compensation to Benefits Managers approaches anywhere from $46K on the lower end to $103K on the higher end; in exceptional cases, this can include more than $14K from bonuses and upwards of $10K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by career length. Job satisfaction is high and work is enjoyable for most Benefits Managers. Female Benefits Managers far outnumber their male contemporaries among survey respondents. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.

$47,181 - $98,092

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$16.18 - $38.21

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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
$47,181 - $98,092  
   
Bonus
$0.00 - $14,331  
Profit Sharing
$345.21 - $9,635  
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).
)
$46,135 - $103,089  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,119
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
$16.18 - $38.21  
   
Overtime
$0.00 - $51.78  
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
$0.00 - $14,331  
   
Profit Sharing
$345.21 - $9,635  
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).
)
$46,135 - $103,089  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 38
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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

  • 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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As Benefits Managers transition into upper-level roles such as Director of Compensation & Benefits, they may see a strong upturn in salary. Directors of Compensation & Benefits earn $121K on average per year. As Benefits Managers progress in their field, many go on to become Human Resources Managers. In fact, this transition is more common than anything else, and median pay for the role is $58K. Another common career choice for Benefits Managers is to move into a Senior Benefits Manager role — this promotion usually pays $94K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Benefits Managers report using a large range of skills on the job. Most notably, facility with Vendor Management, Pension Plan Administration, and Project Management are correlated to pay that is significantly above average, leading to increases of 39 percent, 21 percent, and 14 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Payroll Administration, Health and Wellness, and Windows Operating System General Use. Those educated in Microsoft Excel tend to be well versed in Benefits Administration and Benefits & Compensation.

Pay by Experience Level for Benefits Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Benefits Managers, more experience in the field does not usually mean bigger paychecks. Although individuals who have less than five years' experience earn $56K on average, people with five to 10 years benefit from a notably larger average of $69K. For Benefits Managers, 10 to 20 years of experience on the job amounts to an average salary of $78K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $83K.

Pay Difference by Location


For Benefits Managers, New York provides a pay rate that is 36 percent greater than the national average. Benefits Managers can also look forward to large paychecks in cities like Minneapolis (+28 percent), San Francisco (+25 percent), Los Angeles (+24 percent), and Chicago (+14 percent). Rochester is home to the smallest salaries in the field, lagging the national average by 18 percent. Not at the bottom but still paying below the median are employers in Tampa and Denver (18 percent less).

Related Job Salaries

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Experience Affects Benefits Manager Salaries



National Average
$72,000



Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 39%

Pension Plan Administration
up arrow 21%

Project Management
up arrow 14%


Contract Negotiation
up arrow 8%

Retirement Plan Administration
up arrow 8%

Benefits Administration
up arrow 1%

Microsoft Office
0%

Benefits & Compensation
0%

National Average
$72,000

Microsoft Excel
up arrow 2%

Microsoft Word
up arrow 2%

Human Resources Information System (HRIS)
up arrow 3%

Windows Operating System General Use
up arrow 4%

Health and Wellness
up arrow 7%

Payroll Administration
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 228 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
1%
1-4 years
11%
5-9 years
24%
10-19 years
43%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 83%
vision benefits Vision: 69% employee benefits None: 8%
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