How Much to Employee Benefits Professionals Make??

There is a large salary gap between what employee benefits professionals make when they work for an employer compared to if they are a consultant.

For example, a Head of Total Rewards at an Employer typically earns between $139,000 and $233,000.

In contrast, a Vice President at a Benefits Consulting Firm typically earns between $233,000 and $475,000... That's 90% MORE than their peer at the employer (i.e. almost double).

Employers, such as Walmart, that are highly focused on the performance of their employee health plan pay their employee benefits people MORE so they can hire benefits consultants away from consulting firms to work for them.

The increase in salaries needed to convince consultants to leave their job and work for an employer directly only represents a 1.3% increase in overall plan spend.

Sources:
https://www.payscale.com/research/US/...

https://www.glassdoor.com/Salaries/us...

https://www.glassdoor.com/Salaries/mi...

https://www.salary.com/research/compa...

https://www.glassdoor.com/Salary/Merc...

https://www.glassdoor.com/Salary/WTW...

https://www.glassdoor.com/Salary/Merc...

https://www.zippia.com/aoncareers57...

https://www.shrm.org/resourcesandtool....

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