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Senior Benefits Analyst Salary

The majority of Senior Benefits Analysts in the United States — over one-half — boast more than 10 years of experience in their profession. Salaries stretch from $49K to $86K per year, and the median is $66K per year. Residence and tenure each impact pay for this group, with the former having the largest influence. Female Senior Benefits Analysts make up most of the survey respondents at 78 percent. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The majority of workers are highly satisfied with their job. Respondents to the PayScale salary survey provided the data for this report.

$48,893 - $83,264
(Median)
$49K
$66K
$83K
MEDIAN: $65,741
10%
50%
90%

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$15.71 - $32.78
(Median)
$16
$24
$33
MEDIAN: $23.00
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$29K$58K$87K
Salary
$48,893 - $83,264  
   
Bonus
$0.00 - $9,051  
Profit Sharing
$1,450 - $5,500  
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).
)
$48,803 - $86,246  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 316
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$18$36$54
Hourly Rate
$15.71 - $32.78  
   
Overtime
$21.93 - $53.33  
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 - $9,051  
   
Profit Sharing
$1,450 - $5,500  
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).
)
$48,803 - $86,246  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 20

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Job Description for Senior Benefits Analyst

A senior benefits analyst manages the day-to-day administration of employee benefits. The responsibilities include new hire benefit enrollment, as well as the life event and annual benefits enrollment processes. Another main task is to create and maintain the annual compliance calendar to ensure that every employee has received benefit information and completed any necessary steps. The typical workday takes place in an office setting during regular business hours. The opportunity to work from home is sometimes available, though the senior benefits analyst does need to be available to employees who may have questions or concerns.

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Senior Benefits Analyst Tasks

  • Provide ongoing analysis on trends, legislative changes and best practices within the benefits field.
  • Participate in cross-departmental budget review for benefit plans.
  • Work with insurance carriers to resolve issues regarding eligibility and claims.
  • Formulate solutions to solve needs regarding benefits.
  • Ensure benefit plans are administered according to plan provisions and company’s regulatory guidelines.

Common Career Paths for Senior Benefits Analyst


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Senior Benefits Analysts who go on to become Benefits Managers may see somewhat stagnant compensation. On average, a Benefits Manager, an upper-level role, pays $67K.

Senior Benefits Analyst Job Listings

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Senior Benefits Analysts report a narrow range of specific skills. Skill set and salary are closely correlated, and individuals who are practiced in Vendor Management, Data Analysis and Benefits Administration abilities will see corresponding pay increases between 5 percent and 16 percent.

Pay by Experience Level for Senior Benefits Analyst

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


Experience and pay tend to be weakly linked for Senior Benefits Analysts — those with more experience do not necessarily bring in higher earnings. Survey participants with less than five years' experience pocket $59K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. After working for 10 to 20 years, Senior Benefits Analysts make a median salary of $72K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $73K.

Related Job Salaries

United States (change)

Experience Affects Senior Benefits Analyst Salaries

Late-Career
up arrow 9%

Experienced
up arrow 8%

National Average
$67,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 12%

Skills That Affect Senior Benefits Analyst Salaries

Vendor Management
up arrow 16%

Data Analysis
up arrow 11%


National Average
$67,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
29%
10-19 years
35%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 86%
vision benefits Vision: 74% employee benefits None: 6%