Employee Benefits Manager Salary

With about three in five of Employee Benefits Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $40K to $95K per year and averages out to $62K annually. Total cash compensation to Employee Benefits Managers approaches anywhere from $40K on the lower end to $95K on the higher end; in exceptional cases, this can include more than $17K from bonuses and upwards of $20K from profit sharing. Job satisfaction is high and work is enjoyable for most Employee Benefits Managers. Medical benefits are awarded to most, and a strong majority earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.
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$40,654 - $88,760
(Median)
$41K
$62K
$89K
MEDIAN: $62,330
10%
50%
90%

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$11.63 - $37.24
(Median)
$12
$16
$37
MEDIAN: $16.00
10%
50%
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$32K$64K$96K
Salary
$40,654 - $88,760  
   
Bonus
$0.00 - $16,583  
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).
)
$39,762 - $94,749  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 190
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
$11.63 - $37.24  
   
Overtime
$11.96 - $72.72  
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 - $16,583  
   
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).
)
$39,762 - $94,749  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 17
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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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Employee Benefits Managers who go on to become Benefits Managers may see somewhat stagnant compensation. On average, a Benefits Manager, an upper-level role, pays $67K.

Benefits Manager Job Listings

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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 and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Folks with fewer than five years of experience take home $47K on average, and those who have worked for five to 10 years see a bigger median salary of $55K. Employee Benefits Managers see a median salary of $73K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $76K.

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Experience Affects Employee Benefits Manager Salaries

Late-Career
up arrow 23%

Experienced
up arrow 17%

National Average
$62,000

Mid-Career
up arrow 11%

Entry-Level
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 45 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
21%
10-19 years
33%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 60% employee benefits None: 11%
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