Employee Benefits Manager Salary

Employee Benefits Managers in the United States are often veterans in their line of work, with nearly three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $63K annually on average but can range from $40K to $95K per year. Cash earnings for Employee Benefits Managers — which occasionally include more than $16K from bonuses and more than $20K from profit sharing — stretch from around $40K to approximately $95K. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Employee Benefits Managers report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$40,935 - $88,902

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$11.67 - $36.99

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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$32K$64K$96K
Salary
$40,935 - $88,902  
   
Bonus
$0.00 - $15,947  
Profit Sharing
$511 - $19,574  
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).
)
$39,827 - $94,894  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 188
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
$11.67 - $36.99  
   
Overtime
$11.96 - $72.72  
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 - $15,947  
   
Profit Sharing
$511 - $19,574  
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).
)
$39,827 - $94,894  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 18
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Job Description for Employee Benefits Manager

An employee benefits manager is a key member of a company's human resources management team. The benefits manager helps administer the fringe benefits for employees throughout the company. These are primarily healthcare benefits, but they also include things like retirement savings plans, vacations, and anything else the organization offers as an employment perk or incentive to employees. The benefits manager not only helps keep employees advised of their benefit options. This person also seeks to continually improve the cost and performance of these benefits in a way that balances costs to the organization, while remaining an attractive perk for hiring and retaining personnel.

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Employee 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 Employee Benefits Manager


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For Employee Benefits Managers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Employee Benefits Managers earn similar salaries to those in higher-end positions like Benefits Manager.

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Pay by Experience Level for Employee Benefits Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Employee Benefits Managers. The median compensation for relatively untried workers is $46K; in the five-to-10 year group, it's higher at around $56K. On average, Employee Benefits Managers make $73K following one to two decades on the job. People who have worked for more than 20 years report a median income of $75K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Employee Benefits Manager Salaries

Late-Career
up arrow 21%

Experienced
up arrow 17%

National Average
$62,000

Mid-Career
up arrow 10%

Entry-Level
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
22%
10-19 years
33%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 61% employee benefits None: 11%
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