1. What is the average salary of a Benefits Manager?
The average annual salary of Benefits Manager is $124,176.
In case you are finding an easy salary calculator,
the average hourly pay of Benefits Manager is $60;
the average weekly pay of Benefits Manager is $2,388;
the average monthly pay of Benefits Manager is $10,348.
2. Where can a Benefits Manager earn the most?
A Benefits Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Benefits Manager earns the most in San Jose, CA, where the annual salary of a Benefits Manager is $156,623.
3. What is the highest pay for Benefits Manager?
The highest pay for Benefits Manager is $150,968.
4. What is the lowest pay for Benefits Manager?
The lowest pay for Benefits Manager is $101,579.
5. What are the responsibilities of Benefits Manager?
Develops, implements, administers, and maintains benefits programs, policies, and procedures. Ensures programs are equitable, meet employee needs, comply with legal requirements, and are cost effective. Develops benefits communications and counsels employees on benefits related issues. Evaluates existing benefits programs against peer organizations to determine competitiveness, trends and developments. Requires a bachelor's degree. May require Certified Employee Benefits Specialist (CEBS). Typically reports to director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
6. What are the skills of Benefits Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
2.)
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
3.)
Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.