Benefits Supervisor Salary
Benefits Supervisors in the United States are often veterans in their line of work, with around three in five bringing more than 10 years of experience to the table. Salaries slide in at $64K annually on average but can range from $37K to $96K per year. Nearly all claim medical and dental insurance and most get vision coverage. Among survey respondents, women are more common than men; 80 percent of Benefits Supervisors are female. Benefits Supervisors largely appreciate their work and find this position highly satisfactory. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Benefits Supervisor
Benefits supervisors are responsible for administering employees' benefits, such as 401K and pension retirement plans, medical insurance, dental insurance, vision plans, wellness programs, life insurance plans, and disability programs. These supervisors work with approved vendors and may be involved in negotiations with vendors, such as insurance companies, which provide benefits programs to their company's employees.Read More...
Benefits supervisors must ensure that benefits packages are sent to employees in a timely manner and comply with relevant government rules and regulations. When executing benefits documentation, they must consult with their legal department and may be required to develop and analyze bargaining proposals related to unionized employees' benefits. They must also ensure that their company complies with provisions of the Affordable Care Act and Employee Retirement Income Security Act (ERISA) and be able to explain current benefits to employees.
Leadership and relevant prior experience are generally required for this position, and a bachelor's degree or higher in business administration or a related field is also required. Proficiency in Microsoft Office programs is often necessary, and they must also be familiar with their company's software and computer applications. They must also stay up-to-date with all relevant laws and regulations related to employees' benefits.
Benefits Supervisor Tasks
- Participate in the development and management of annual benefit budgets.
- Coordinate activities of the benefits team in responding to employee questions about benefits.
- Assist with planning, development, implementation, and maintenance of the company's benefit programs.
- Assist in hiring, training and reviewing performance of benefits staff.
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Pay by Experience Level for Benefits Supervisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Benefits Supervisors with a rich background of experience are typically rewarded with larger paychecks. Those in the early stages of their career can expect to make around $46K; however, individuals with five to 10 years of experience bring in $63K on average — a distinctly larger sum. Benefits Supervisors bring in $67K after working for 10 to 20 years. Benefits Supervisors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $72K.