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Senior Benefits Analyst Salary

With slightly more than half of Senior Benefits Analysts 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 $49K to $86K per year and averages out to $66K annually. Including potential bonuses and profit sharing proceeds (more than $9K for each in exceptional cases) overall income bottoms out near $49K and hits $86K on the high end. Location is the biggest factor affecting pay for this group, followed by years of experience. Female Senior Benefits Analysts make up most of the survey respondents at 78 percent. For the most part, Senior Benefits Analysts enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. This report is based on responses to the PayScale salary survey.

$49,035 - $82,986
(Median)
$49K
$66K
$83K
MEDIAN: $65,835
10%
50%
90%

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$15.62 - $31.62
(Median)
$16
$23
$32
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
$49,035 - $82,986  
   
Bonus
$0.00 - $8,960  
Profit Sharing
$503 - $8,840  
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).
)
$48,847 - $85,988  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 318
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
$15.62 - $31.62  
   
Overtime
$21.85 - $53.83  
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 - $8,960  
   
Profit Sharing
$503 - $8,840  
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).
)
$48,847 - $85,988  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 19

Find Out Exactly What You Should Be Paid

United States (change)


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

Senior Benefits Analyst Job Listings

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Senior Benefits Analysts only report a few specific skills. Most notably, facility with Vendor Management, Data Analysis, and Benefits Administration are correlated to pay that is above average, leading to increases ranging from 4 percent to 16 percent.

Pay by Experience Level for Senior Benefits Analyst

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


More years of relevant experience do not necessarily translate to higher paychecks. Salaries for the relatively untried average out to around $59K, but survey participants with five to 10 years of experience earn a significantly higher median of $66K. People with 10 to 20 years of experience make an average of about $72K in this role. Senior Benefits Analysts who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $73K.

Related Job Salaries

United States (change)

Experience Affects Senior Benefits Analyst Salaries

Late-Career
up arrow 9%

Experienced
up arrow 7%

National Average
$67,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 11%

Skills That Affect Senior Benefits Analyst Salaries

Vendor Management
up arrow 16%

Data Analysis
up arrow 11%

Benefits Administration
up arrow 4%

National Average
$67,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 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
36%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 86%
vision benefits Vision: 75% employee benefits None: 6%
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