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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 $102K per year. Total incomes of Benefits Managers incorporate potential for, in a few cases, more than $14K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $46K and $102K. Location is the biggest factor affecting pay for this group, followed by tenure. There are far more female Benefits Managers who answered the questionnaire than men, making up 85 percent. The majority of Benefits Managers claim high levels of job satisfaction. Medical benefits are awarded to most, and a large number earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.

$47,352 - $97,802
(Median)
$47K
$70K
$98K
MEDIAN: $70,095
10%
50%
90%

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$15.72 - $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
$47,352 - $97,802  
   
Bonus
$0.00 - $13,920  
Profit Sharing
$346.86 - $9,863  
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).
)
$46,191 - $102,472  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,073
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
$15.72 - $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 - $13,920  
   
Profit Sharing
$346.86 - $9,863  
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).
)
$46,191 - $102,472  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 38

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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

  • 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 who go on to become Directors of Compensation & Benefits may see their salaries climb quite a bit. Median pay for Directors of Compensation & Benefits is $122K annually. Given that the median pay is $58K, it may be surprising to find that a Human Resources Manager is the most common role for Benefits Managers to subsequently assume on their way up the ladder. Transitioning into a Senior Benefits Manager role — which pays $93K — is also typical for Benefits Managers, though less common by comparison.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Survey participants wield an impressively varied skill set on the job. 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 14 percent and 40 percent. Skills that are correlated to lower pay, on the other hand, include Payroll Administration and Windows Operating System General Use. Those proficient in Microsoft Excel are, more often than not, also skilled 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, experience does not seem to be a major factor in determining pay. 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. Benefits Managers bring in $77K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $83K.

Pay Difference by Location


New York is home to an above-average pay rate for Benefits Managers, 30 percent higher than the national average. Benefits Managers can also look forward to large paychecks in cities like Minneapolis (+29 percent), Los Angeles (+29 percent), San Francisco (+26 percent), and Chicago (+15 percent). Benefits Managers in Colorado Springs take home the lowest salaries, earning a whopping 27 percent less than the national average. A couple other locations with smaller-than-average paychecks include Denver (25 percent lower) and Seattle (10 percent lower).

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 14%

Project Management
up arrow 14%

Contract Negotiation
up arrow 9%


Retirement Plan Administration
up arrow 8%

Benefits Administration
up arrow 1%

National Average
$72,000

Microsoft Office
up arrow 1%

Benefits & Compensation
up arrow 1%

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 236 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
23%
10-19 years
42%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 68% employee benefits None: 8%
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