As of April 01, 2025, the average annual salary for a Benefits Analyst I in Memphis, TN is $55,829. According to Salary.com, salaries can range from a low of $43,059 to a high of $64,741, with most professionals earning between $49,145 and $60,494.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $60,494 | $5,041 | $1,163 | $29 |
| Average | $55,829 | $4,652 | $1,074 | $27 |
| 25th Percentile | $49,145 | $4,095 | $945 | $24 |
An entry-level Benefits Analyst I with under 1 year experience makes about $55,330. With less than 2 years of experience, a mid-level Benefits Analyst I makes around $55,829. After 2-4 years, the Benefits Analyst I pay rises to about $56,665. Those senior Benefits Analyst I with 5-8 years of experience earn roughly $57,222, and those Benefits Analyst I having 8 years or more experience are expected to earn about $57,361 on average.
| Levels | Salary |
|---|---|
| Entry Level Benefits Analyst I | $55,330 |
| Intermediate Level Benefits Analyst I | $55,829 |
| Senior Level Benefits Analyst I | $56,665 |
| Specialist Level Benefits Analyst I | $57,222 |
| Expert Level Benefits Analyst I | $57,361 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 4% |
| Experienced | 4% |
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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.
Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
COBRA: The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan .
| Skill | Salary | Demand |
|---|---|---|
|
Insurance Products
|
$69,228 |
24%
|
|
Workday
|
$66,995 |
20%
|
|
Project Management
|
$66,437 |
19%
|
|
Insight
|
$65,320 |
17%
|
|
Insurance Sales
|
$63,645 |
14%
|
|
Initiative
|
$63,087 |
13%
|
