Benefits Manager in Philadelphia, Pennsylvania Salary
How much does a Benefits Manager make in Philadelphia, PA? The average salary for a Benefits Manager in Philadelphia is $66,866 annually. This is 10% below the national average for a Benefits Manager which is $73,497 annually. Salaries for a Benefits Manager in Philadelphia range from $58,421 annually to $124,795 per year. Total Annual Pay, which includes salary and bonus for a Benefits Manager in Philadelphia ranges from $58,421 to $130,690 annually. Job satisfaction is reported as 0 out of 5 stars. In Philadelphia, women make up the majority of the workforce (100 percent). Many report receiving medical and dental benefits from their employer.
Job Description for Benefits Manager
A benefits manager is a supervisory position in a company's Human Resources (HR) department. Benefits managers' primary role is to handle all issues related to employee benefits. Usually in most medium and large-sized companies, much of this benefit work revolves around employee health care insurance and related programs, but it can also include other aspects as well.Read More...
For employees, the two most important benefits they carry are their employer-sponsored health insurance and earned vacation time. Both of these (and more) are administered by benefits managers. They also help determine employees' benefit eligibility and process the documentation for new employees. In addition, benefits managers also help process and expedite claim forms of employees covered by company-sponsored health insurance.
While much of benefits managers' time is consumed with insurance work, they normally also maintain and update databases with employee sick day and vacation eligibility, and make the database available to the workers and supervisors at a company. This helps virtually all of the departments within a company ensure that employees' vacations do not adversely affect productivity.
A benefits manager normally must have at least a bachelor’s degree in a business-related discipline; larger companies may seek candidates with related postgraduate study in business management or human resources. Benefits managers normally work in an office environment during regular business hours. They must be organized, computer literate, good at working with others, and have an aptitude for understanding the complex and constantly changing insurance regulations and coverage terms, as well as changes in health care law. (Copyright 2017 PayScale.com)
Benefits Manager Tasks
- Ensure compliance of all plans and programs with governmental regulatory agencies.
- Manage vendors to ensure services are delivered within contractual agreements.
- 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.