Benefits Manager Salary

With just under 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 $46K to $103K per year and averages out to $70K annually. Total cash compensation to Benefits Managers bottoms out near $46K and approaches $103K on the high end; the biggest paychecks include approximately $14K from bonuses and almost $10K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. Job satisfaction is high and work is enjoyable for most Benefits Managers. The vast majority (85 percent) of Benefits Managers who took the survey are female. This overview is based on answers to PayScale's salary questionnaire.

$47,161 - $98,265
(Median)
$47K
$70K
$98K
MEDIAN: $70,139
10%
50%
90%

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$16.18 - $38.21
(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
$47,161 - $98,265  
   
Bonus
$0.00 - $14,089  
Profit Sharing
$346.04 - $9,500  
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).
)
$46,095 - $103,033  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,100
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
$16.18 - $38.21  
   
Overtime
$0.00 - $35.12  
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 - $14,089  
   
Profit Sharing
$346.04 - $9,500  
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).
)
$46,095 - $103,033  
Country: United States | Currency: USD | Updated: 20 Jun 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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Benefits Managers' salaries may rise greatly for those who assume a higher-end position such as a Director of Compensation & Benefits. The average Director of Compensation & Benefits brings home $121K per year. 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 report using a deep pool 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 40 percent, 22 percent, and 14 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Payroll Administration and Windows Operating System General Use. Most people 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.


Benefits Managers do not generally earn higher incomes from more experience in the field. Respondents with less than five years' experience take home $56K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $69K. Benefits Managers see a median salary of $77K after reaching one to two decades on the job. 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, working in the bustling city of New York has its advantages, including an above-average pay rate. Benefits Managers can also look forward to large paychecks in cities like Minneapolis (+29 percent), Los Angeles (+27 percent), San Francisco (+26 percent), and Chicago (+15 percent). Those in the field find the lowest salaries in Rochester, 18 percent below the national average. Denver and Seattle are a couple other places where companies are known to pay below the median — salaries are 17 percent lower and 10 percent lower, respectively.

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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 22%

Project Management
up arrow 14%

Contract Negotiation
up arrow 9%


Retirement Plan Administration
up arrow 8%

Benefits Administration
up arrow 1%

Microsoft Office
0%

Benefits & Compensation
0%

National Average
$72,000

Microsoft Word
up arrow 1%

Microsoft Excel
up arrow 2%

Windows Operating System General Use
up arrow 3%

Human Resources Information System (HRIS)
up arrow 3%

Payroll Administration
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 231 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: 68% employee benefits None: 8%
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