Benefits Manager Salary

The majority of Benefits Managers in the United States — just below two-thirds — boast more than 10 years of experience in their profession. Salaries stretch from $46K to $105K per year, and the median is $72K per year. Total cash compensation to Benefits Managers approaches anywhere from $46K on the lower end to $105K on the higher end; in exceptional cases, this can include more than $15K from bonuses and upwards of $8K from profit sharing. Geographic location and experience level each impact pay for this group, with the former having the largest influence. A large number enjoy medical while most get dental coverage. Vision coverage is also available to more than half. The majority of workers are highly satisfied with their job. The vast majority (86 percent) of Benefits Managers who took the survey are female. This overview is based on answers to PayScale's salary questionnaire.

$47,708 - $99,611
(Median)
$48K
$72K
$100K
MEDIAN: $71,670
10%
50%
90%

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$16.52 - $36.62
(Median)
$17
$21
$37
MEDIAN: $20
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
$47,708 - $99,611  
   
Bonus
$0.00 - $14,778  
Profit Sharing
$207.29 - $7,808  
Commission
$2,250  
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).
)
$46,368 - $105,199  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,281
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
$16.52 - $36.62  
   
Hourly Tips
$0.00  
Overtime
$0.00 - $48.31  
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 - $14,778  
   
Commission
$2,250  
Profit Sharing
$207.29 - $7,808  
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).
)
$46,368 - $105,199  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 46
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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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For Benefits Managers, progressing to a Director of Compensation & Benefits role may result in a significant raise. On average, a Director of Compensation & Benefits can earn $121K annually. The most common career progression for Benefits Managers leads to becoming a Human Resources Manager, where pay is typically $58K. However, many Benefits Managers also opt to become Senior Benefits Managers, a position that pays $94K on average.

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, Pension Plan Administration, and Project Management are correlated to pay that is significantly above average, leading to increases of 35 percent, 20 percent, and 14 percent, respectively. Skills that pay less than market rate include Health and Wellness, Payroll Administration, and Leave of Absence Administration. Most people skilled in Benefits Administration are similarly competent in Microsoft Office and Benefits & Compensation.

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. The average worker who claims fewer than five years of experience earns around $57K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $70K. The average pay reported by folks with 10 to 20 years of experience is around $79K. 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 $84K.

Pay Difference by Location

National Average: $73,246

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

For Benefits Managers, New York provides a pay rate that is 32 percent greater than the national average. Benefits Managers will also find cushy salaries in Minneapolis (+28 percent), San Francisco (+24 percent), Chicago (+23 percent), and Los Angeles (+21 percent). The lowest-paying market is Denver, which sits 10 percent below the national average.

Related Job Salaries

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Experience Affects Benefits Manager Salaries



National Average
$73,000



Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 35%

Pension Plan Administration
up arrow 20%

Project Management
up arrow 14%


Contract Negotiation
up arrow 7%

Human Resources Information System (HRIS)
up arrow 3%

Benefits Administration
up arrow 1%

National Average
$73,000

Benefits & Compensation
up arrow 1%

Microsoft Office
up arrow 1%

Microsoft Excel
up arrow 2%

Microsoft Word
up arrow 2%

Windows Operating System General Use
up arrow 4%

Leave of Absence Administration
up arrow 4%

Health and Wellness
up arrow 7%

Payroll Administration
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 240 votes.

Gender

Female
86 %
Male
14 %

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: 88%
dental benefits
Dental: 82%
medical benefits
Vision: 69%
dental benefits
None: 9%
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