Benefits Manager Salary

Benefits Managers in the United States tend to be well-versed in their field, and just below two-thirds have more than 10 years of experience. Average salary is expected to be around $70K per year, but may range from $46K to $103K per year. Cash earnings for Benefits Managers — which occasionally include more than $14K from bonuses and more than $10K from profit sharing — stretch from around $46K to approximately $103K. Location and tenure 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 the larger part. The majority of workers are highly satisfied with their job. The vast majority of Benefits Managers (85 percent) who participated in the survey are women. The data in this summary comes from the PayScale salary survey.

$47,093 - $98,152
(Median)
$47K
$70K
$98K
MEDIAN: $70,188
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
$47,093 - $98,152  
   
Bonus
$0.00 - $14,268  
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).
)
$46,044 - $103,112  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,113
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 - $14,268  
   
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).
)
$46,044 - $103,112  
Country: United States | Currency: USD | Updated: 2 Jul 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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As Benefits Managers transition into upper-level roles such as Director of Compensation & Benefits, they may see a strong upturn in salary. Directors of Compensation & Benefits earn $121K on average per year. As Benefits Managers progress in their field, many go on to become Human Resources Managers. In fact, this transition is more common than anything else, and median pay for the role is $58K. Another common career choice for Benefits Managers is to move into a Senior Benefits Manager role — this promotion usually pays $94K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Survey respondents exploit a significant toolbox of skills in their work. 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 39 percent, 22 percent, and 14 percent, respectively. Skills that pay less than market rate include Payroll Administration and Windows Operating System General Use. Most people skilled in Microsoft Excel are similarly competent 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.


More years of relevant experience do not necessarily translate to higher paychecks. 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 with one to two decades of relevant experience report an average salary of approximately $78K. 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, New York provides a pay rate that is 36 percent greater than the national average. Benefits Managers will also find cushy salaries in Minneapolis (+28 percent), Los Angeles (+26 percent), San Francisco (+25 percent), and Chicago (+15 percent). The smallest paychecks in the market, 18 percent south of the national average, can be found in Rochester. A couple other locations with smaller-than-average paychecks include Denver (18 percent lower) and Seattle (10 percent lower).

Related Job Salaries

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Experience Affects Benefits Manager Salaries



National Average
$72,000



Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 39%

Pension Plan Administration
up arrow 22%

Project Management
up arrow 14%

Contract Negotiation
up arrow 8%

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%

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 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: 69% employee benefits None: 8%
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