As of April 01, 2025, the average annual salary for a Benefits Manager in Elgin, IL is $126,200. Salary.com reports that pay typically ranges from $114,179 to $140,453, with most professionals earning between $103,235 and $153,429.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $138,200 | $11,517 | $2,658 | $66 |
| Average | $124,176 | $10,348 | $2,388 | $60 |
| 25th Percentile | $112,348 | $9,362 | $2,161 | $54 |
An entry-level Benefits Manager with under 1 year experience makes about $121,715. With less than 2 years of experience, a mid-level Benefits Manager makes around $122,253. After 2-4 years, the Benefits Manager pay rises to about $123,509. Those senior Benefits Manager with 5-8 years of experience earn roughly $124,944, and those Benefits Manager having 8 years or more experience are expected to earn about $127,689 on average.
| Levels | Salary |
|---|---|
| Entry Level Benefits Manager | $121,715 |
| Intermediate Level Benefits Manager | $122,253 |
| Senior Level Benefits Manager | $123,509 |
| Specialist Level Benefits Manager | $124,944 |
| Expert Level Benefits Manager | $127,689 |
| Entry Level | 2% |
| Mid Level | 2% |
| Senior Level | 1% |
| Top Level | 1% |
| Experienced | 3% |
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Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
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
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.
| Skill | Salary | Demand |
|---|---|---|
|
Vendor Management
|
$133,772 |
6%
|
|
Project Management
|
$132,510 |
5%
|
|
Workday
|
$132,510 |
5%
|
|
Budgeting
|
$132,510 |
5%
|
|
Analysis
|
$131,248 |
4%
|
|
Vendor Relationships
|
$131,248 |
4%
|
