Benefits Manager Salary (United States)

Benefits Managers in the United States tend to be well-versed in their field, and approximately two-thirds have more than 10 years of experience. Salary is expected to be around $71,386 annually, but may range from $45,365 to $103,150 per year. With some bonuses approaching $13,872 and certain profit sharing proceeds close to $9,826, overall incomes in the Benefits Managers from $47,686 to $97,690 depending on individual performance. Residency and career duration each impact pay for this group, with the former having the largest influence. Generous benefits are a perk in this profession; most claim both medical and dental insurance and more than half get vision coverage. The majority of workers are highly satisfied with their job. Replies to PayScale's salary questionnaire form the basis for this summary.
Benefits Manager Salary (?
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.
)
$47,686 - $97,690
(Median)
48K
58K
70K
83K
98K
MEDIAN: $69,656
10%
25%
50%
75%
90%
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Benefits Manager Salary (?
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.
)
$13.28 - $39.03
(Median)
13
17
24
39
MEDIAN: $19.00
10%
25%
75%
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
$47,686 - $97,690  
   
Bonus
$0.00 - $13,872  
Profit Sharing
$341.57 - $9,826  
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).
)
$45,365 - $103,150  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 896
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
$13.28 - $39.03  
   
Overtime
$0.00 - $33.52  
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 - $13,872  
   
Profit Sharing
$341.57 - $9,826  
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).
)
$45,365 - $103,150  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 42
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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.
Read More...
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, they may see a strong upturn in salary. For instance, a Compensation & Benefits Director may earn an extra $49K per year than his or her lower-level colleagues. 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, despite the fact that salaries take a $13,792 cut. Another frequent advance is for Benefits Managers to assume a Sr. Benefits Manager role; in this role, workers often enjoy a $21K raise in pay.

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, Project Management, and 401k Plan Administration are correlated to pay that is significantly above average, leading to increases of 41 percent, 15 percent, and 12 percent, respectively. Skills that seem to negatively impact pay include Payroll Administration, Human Resources Information System (HRIS), and Windows Operating System General Use. Most people experienced in Microsoft Excel also know Benefits & Compensation and Benefits Administration.

Pay by Experience Level for Benefits Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Though Benefits Managers can expect regular salary growth as they advance in their careers, experience does not seem to be a strong driver of pay increase. New salaries start at $57K and reach $68K in five to 10 years. Compensation is $77K after 10 to 20 years. Salaries grow more slowly as Benefits Managers approach the 20-year mark, when the pay stabilizes at $83K. Benefits Managers with 10 to 20 years in the field are most commonly found while those with one to 10 years of experience are harder to spot. The rarest group is the one with the most experience to boot—more than 20 years.

Pay Difference By Location

San Francisco
up arrow 28%
Minneapolis
up arrow 26%
Chicago
up arrow 22%
up arrow 20%
Boston
up arrow 15%
Phoenix
up arrow 9%
Philadelphia
up arrow 7%
Washington
up arrow 5%
Los Angeles
up arrow 5%
Atlanta
up arrow 3%
Dallas
up arrow 3%
0%
National Average
$71,000
Seattle
up arrow 16%
Rochester
up arrow 18%
Denver
up arrow 20%
Larger circles over a city indicate a job is popular in that location.
For those looking to make money, Benefits Managers in San Francisco enjoy an exceptional pay rate, 28 percent above the national average. Benefits Managers can also look forward to large paychecks in cities like Minneapolis (+26 percent), Chicago (+22 percent), New York (+20 percent), and Boston (+15 percent). Benefits Managers in Denver make 20 percent less than the national average, proving that location is a major factor in pay. Employers pay around -18 percent in Rochester and -16 percent in Seattle, below-median salaries for those in this field.

Related Job Salaries

Experience Affects Benefits Manager Salaries

National Average
$71,000

Skills That Affect Benefits Manager Salaries

Vendor Management
up arrow 41%
Project Management
up arrow 15%
Contract Negotiation
up arrow 9%
Retirement Plan Administration
up arrow 9%
Benefits Administration
up arrow 1%
Microsoft Office
0%
Benefits & Compensation
0%
Microsoft Word
0%
National Average
$71,000
Microsoft Excel
up arrow 1%
Windows Operating System General Use
up arrow 4%
Human Resources Information System (HRIS)
up arrow 6%
Payroll Administration
up arrow 10%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 231 votes.

Gender

Female
86%
female alumni
 
Male
14%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
25%
10-19 years
41%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 84%
vision benefits Vision: 68% employee benefits None: 8%
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