$135,710. However, both of these industries combined got only 130 such managers, which was significantly less than 1 percent of the full total.
California and New York were the two most substantial claims regarding the amount of payroll service and benefits professionals, with 2,730 and 2,160, respectively. The pay in California averaged $111,300 each year, while in NY it averaged $124,330 per year. Rhode Island positioned first in average pay, with the 80 payroll managers working there getting a mean twelve-monthly income of $132,650.
2016 Salary Information for Reimbursement and Benefits Managers
Compensation and benefits managers gained a median twelve-monthly salary of $116,240 in 2016, based on the U.S. Bureau of Labor Figures. On the reduced end, settlement and benefits managers acquired a 25th percentile salary of $87,120, meaning 75 percent acquired more than this amount. The 75th percentile salary is $156,050, meaning 25 percent earn more. In 2016, 15,800 individuals were employed in the U.S. as payment and benefits professionals.
What you will receive in return
In return, the Payroll and Benefits Administrator will get the opportunity to join a recognized corporation in a managerial role. You will get the chance to work immediately with a vastly experienced Director of Accounting. As Payroll service and Benefits Manager, you will be offered a competitive salary which is up for negotiation. Also, you will be offered a solid benefits plan including a health and dental coverage as well as an RRSP contribution.
What you need to do now
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