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 $48K to $111K per year, but median earnings come to around $74K per year. Cash earnings for Benefits Managers — which occasionally include more than $15K from bonuses and more than $10K from profit sharing — stretch from around $48K to approximately $111K. Location and tenure each impact pay for this group, with the former having the largest influence. Work is enjoyable for Benefits Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and most earn dental coverage. Female Benefits Managers far outnumber their male contemporaries among survey respondents. This report is based on responses to the PayScale salary survey.

$49,163 - $105,779
$49K
$74K
$110K
MEDIAN: $73,870
10%
50%
90%

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$13.23 - $29.02
$13
$20
$29
MEDIAN: $19.58
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
$49,163 - $105,779  
   
Bonus
$1,460 - $15,300  
Profit Sharing
$99.33 - $9,787  
Commission
$1,526  
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).
)
$48,071 - $111,174  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 898
© PayScale, Inc. @ www.payscale.com
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
$13.23 - $29.02  
   
Overtime
$18.55 - $50.90  
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
$1,460 - $15,300  
   
Commission
$1,526  
Profit Sharing
$99.33 - $9,787  
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).
)
$48,071 - $111,174  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 35
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

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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Benefits Managers who advance into the role of a Director of Compensation & Benefits are fairly uncommon. Directors of Compensation & Benefits on average earn $122K per year. A Human Resources Manager role is the most common promotion for Benefits Managers moving up the ladder. Pay for this role tends to be $59K per year. Another typical, albeit less common, transition for Benefits Managers is a Senior Benefits Manager position, where earnings are usually $95K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Survey results imply that Benefits Managers deploy a substantial tool kit of skills at work. 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 32 percent, 16 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. Those familiar with Benefits Administration also tend to know 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.


Benefits Managers generally obtain higher compensation for more plentiful past experience. Relatively untried employees who have fewer than five years of experience earn around $59K on average. People who have worked for five to 10 years can expect a higher median salary of $69K. Benefits Managers bring in $81K after working for 10 to 20 years. Benefits Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $89K on average.

Pay Difference by Location

42%

30%

18%

18%

17%

10%

2%

-2%

-3%

National Average: $75,067

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

For Benefits Managers, New York provides a pay rate that is 42 percent greater than the national average. Benefits Managers will also find cushy salaries in San Francisco (+35 percent), Chicago (+30 percent), Houston (+18 percent), and Seattle (+18 percent). Benefits Managers in San Antonio earn salaries far below the national average by 33 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in Colorado Springs (30 percent lower) and Rochester (22 percent lower).

Related Job Salaries

Key Stats for Benefits Manager

Gender

Female
87 %
Male
13 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 140 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
24%
10-19 years
41%
20 years or more
22%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Benefits Manager Salaries

▲19%

▲8%

National Average
$75,000

▼8%

▼21%

Skills That Affect Benefits Manager Salaries

Vendor Management
▲32%



Contract Negotiation
▲4%

Benefits Administration
▼0%

Benefits & Compensation
▼0%

Leave of Absence Administration
▼0%

National Average
$75,000






Health and Wellness
▼8%

Payroll Administration
▼9%

Human Resources
▼24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 140 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
24%
10-19 years
41%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
vision benefits
Vision: 72%
dental benefits
None: 9%
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