Benefits Manager Salary

Slightly less than two-thirds of Benefits Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $46K to $101K per year, but median earnings come to around $70K per year. In the world of Benefits Managers, overall income ranges from $46K near the bottom to $101K at the top; this can include more than $13K from bonuses and more than $10K from profit sharing in exceptional cases. Geographic location and tenure each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The vast majority of Benefits Managers (86 percent) who responded to the survey are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$47,212 - $96,916
(Median)
$47K
$70K
$97K
MEDIAN: $69,909
10%
50%
90%

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$15.78 - $38.00
(Median)
$16
$20
$38
MEDIAN: $20
10%
50%
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
$47,212 - $96,916  
   
Bonus
$0.00 - $12,556  
Profit Sharing
$344.36 - $9,696  
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).
)
$45,743 - $101,442  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,032
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
$15.78 - $38.00  
   
Overtime
$0.00 - $26.86  
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 - $12,556  
   
Profit Sharing
$344.36 - $9,696  
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).
)
$45,743 - $101,442  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 39

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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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Benefits Managers may experience a large salary bump if they progress into a role such as Director of Compensation & Benefits. The latter position pays an average of $122K annually. Becoming a Human Resources Manager is, more often than not, the most common role that Benefits Managers move into when they're ready for the next step in their career. A median salary for a Human Resources Manager is $58K. Another frequent advance is for Benefits Managers to assume a Senior Benefits Manager role; in this role, workers often take home $93K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Benefits Managers seem to require a rather large skill set. Lucky workers who know Vendor Management can expect a significant pay bump, scoring salaries 40 percent above average. Pension Plan Administration and Project Management are also correlated to pay that is above average, with increases between 15 percent and 40 percent. Skills that pay less than market rate include Payroll Administration, Windows Operating System General Use, and Human Resources Information System. The majority of those who know Microsoft Excel also know 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.


Experience and pay tend to be weakly linked for Benefits Managers — those with more experience do not necessarily bring in higher earnings. Although individuals who have less than five years' experience earn $57K on average, people with five to 10 years benefit from a notably larger average of $69K. People with 10 to 20 years of experience make an average of about $77K in this role. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $82K on average.

Pay Difference by Location


Home to some of the best pay for Benefits Managers, Los Angeles offers exceptional salaries, 34 percent above the national average. Benefits Managers will also find cushy salaries in Minneapolis (+29 percent), New York (+28 percent), San Francisco (+27 percent), and Chicago (+17 percent). Benefits Managers' salaries are heavily influenced by location — Benefits Managers in Colorado Springs bring in salaries that are 27 percent lower than the national average. Two other places where employers offer below-median salaries are Denver (25 percent less) and Rochester (20 percent less).

Related Job Salaries

United States (change)

Experience Affects Benefits Manager Salaries



National Average
$72,000



Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 40%

Pension Plan Administration
up arrow 15%

Project Management
up arrow 15%

Contract Negotiation
up arrow 9%

Retirement Plan Administration
up arrow 9%


Benefits Administration
0%

Microsoft Office
0%

Benefits & Compensation
0%

National Average
$72,000

Microsoft Word
up arrow 1%

Microsoft Excel
up arrow 2%

Human Resources Information System (HRIS)
up arrow 3%

Windows Operating System General Use
up arrow 4%

Payroll Administration
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 235 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
24%
10-19 years
43%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 69% employee benefits None: 8%