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Benefits Manager Salary

Just under two-thirds of Benefits Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $46K to $102K per year, but median earnings come to around $70K per year. In the world of Benefits Managers, overall income ranges from $46K near the bottom to $102K at the top; this can include more than $13K from bonuses and more than $10K from profit sharing in exceptional cases. Geography and career duration 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 greater part. Women make up the vast majority of Benefits Managers (85 percent) who answered the questionnaire. Job satisfaction is high and work is enjoyable for most Benefits Managers. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
$47,865 - $97,021
(Median)
48K
58K
70K
83K
97K
MEDIAN: $69,861
10%
25%
50%
75%
90%

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$15.72 - $39.44
(Median)
16
26
39
MEDIAN: $19.00
10%
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
$47,865 - $97,021  
   
Bonus
$0.00 - $13,138  
Profit Sharing
$344.36 - $9,696  
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).
)
$46,403 - $102,095  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 941
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 - $39.44  
   
Overtime
$0.00 - $27.13  
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 - $13,138  
   
Profit Sharing
$344.36 - $9,696  
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).
)
$46,403 - $102,095  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 38
United States (change)

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 $121K annually. 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 typical 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 $93K.

Benefits Manager Job Listings

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Popular Skills for Benefits Manager


Benefits Managers seem to wield many 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, 15 percent, and 14 percent, respectively. Skills that pay less than market rate include Payroll Administration, Human Resources Information System, and Windows Operating System General Use. Most people skilled in Microsoft Excel are similarly competent in 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.


Benefits Managers with a lot of experience do not necessarily enjoy more money. The average worker who claims fewer than five years of experience earns around $57K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $69K. Benefits Managers with one to two decades of relevant experience report an average salary of approximately $78K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $82K.

Pay Difference by Location


San Francisco is home to an above-average pay rate for Benefits Managers, 27 percent higher than the national average. Benefits Managers will also find cushy salaries in Minneapolis (+27 percent), Los Angeles (+27 percent), New York (+25 percent), and Chicago (+23 percent). The lowest-paying market is Colorado Springs, which sits 28 percent below the national average, proving that location is a significant contributor to overall pay. A couple other locations with smaller-than-average paychecks include Denver (23 percent lower) and Rochester (19 percent lower).

Related Job Salaries

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 15%

Project Management
up arrow 14%

Contract Negotiation
up arrow 9%


Retirement Plan Administration
up arrow 8%

Benefits Administration
0%

Microsoft Office
0%

Benefits & Compensation
0%

Microsoft Word
0%

National Average
$72,000

Microsoft Excel
up arrow 2%

Windows Operating System General Use
up arrow 4%

Human Resources Information System (HRIS)
up arrow 4%

Payroll Administration
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 227 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
25%
10-19 years
42%
20 years or more
21%

Common Health Benefits

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