Benefits Manager Salary

Benefits Managers in the United States are often veterans in their line of work, with just under two-thirds bringing more than 10 years of experience to the table. Salaries slide in at $72K annually on average but can range from $46K to $105K per year. In the world of Benefits Managers, overall income ranges from $46K near the bottom to $105K at the top; this can include more than $15K from bonuses and more than $8K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by years of experience. The majority of Benefits Managers claim high levels of job satisfaction. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Women make up the vast majority of Benefits Managers (86 percent) who answered the questionnaire. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$47,708 - $99,611
(Median)
$48K
$72K
$100K
MEDIAN: $71,670
10%
50%
90%

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$16.52 - $36.62
(Median)
$17
$21
$37
MEDIAN: $20
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
$47,708 - $99,611  
   
Bonus
$0.00 - $14,778  
Profit Sharing
$207.29 - $7,808  
Commission
$2,250  
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).
)
$46,368 - $105,199  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,281
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
$16.52 - $36.62  
   
Hourly Tips
$0.00  
Overtime
$0.00 - $48.31  
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
$0.00 - $14,778  
   
Commission
$2,250  
Profit Sharing
$207.29 - $7,808  
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).
)
$46,368 - $105,199  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 46
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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. More often than not, a Human Resources Manager role is the next step for Benefits Managers moving up in the field. Pay for Human Resources Managers is usually $58K. Many Benefits Managers choose to take on a Senior Benefits Manager role instead, where salaries are typically $94K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Benefits Managers seem to require a rather large skill set. 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 35 percent, 20 percent, and 14 percent, respectively. At the other end of the pay range are skills like Health and Wellness, Payroll Administration, and Leave of Absence Administration. Most people skilled in Benefits Administration are similarly competent in 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.


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 $70K. Benefits Managers bring in $79K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $84K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $73,246

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

Surpassing the national average by 32 percent, Benefits Managers in New York receive some of the highest pay in the country. Benefits Managers can also look forward to large paychecks in cities like Minneapolis (+28 percent), San Francisco (+24 percent), Chicago (+23 percent), and Los Angeles (+21 percent). The lowest-paying market is Denver, which sits 10 percent below the national average.

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Experience Affects Benefits Manager Salaries



National Average
$73,000



Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 35%

Pension Plan Administration
up arrow 20%

Project Management
up arrow 14%


Contract Negotiation
up arrow 7%

Human Resources Information System (HRIS)
up arrow 3%

Benefits Administration
up arrow 1%

National Average
$73,000

Benefits & Compensation
up arrow 1%

Microsoft Office
up arrow 1%

Microsoft Excel
up arrow 2%

Microsoft Word
up arrow 2%

Windows Operating System General Use
up arrow 4%

Leave of Absence Administration
up arrow 4%

Health and Wellness
up arrow 7%

Payroll Administration
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 240 votes.

Gender

Female
86 %
Male
14 %

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: 88%
dental benefits
Dental: 82%
medical benefits
Vision: 69%
dental benefits
None: 9%
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