Average Benefits Specialist Salary in British Indian Ocean Territory for 2024

In this article, we will look at the average Benefits Specialist salary for 2024 in British Indian Ocean Territory and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Benefits Specialist Make in British Indian Ocean Territory?

A Benefits Specialist working in British Indian Ocean Territory will typically earn around 27,040 USD per year, and this can range from the lowest average salary of about 12,120 USD to the highest average salary of 41,660 USD.

Average Annual Salary
27,040 USD
Average Monthly Salary
2,253 USD

Lowest Annual Salary
12,120 USD
Lowest Monthly Salary
1,010 USD

Highest Annual Salary
41,660 USD
Highest Monthly Salary
3,471 USD

These are average salaries for a Benefits Specialist in British Indian Ocean Territory and include benefits such as housing and transport. It's also possible for a Benefits Specialist to earn more or less than the average salaries shown above.

Benefits Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Benefits Specialist Salaries in British Indian Ocean Territory

So we've looked at the average salaries a Benefits Specialist will earn in British Indian Ocean Territory. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Benefits Specialist can earn between 12,120 USD and 41,660 USD on average in British Indian Ocean Territory. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Benefits Specialist in British Indian Ocean Territory is 25,720 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 25,720 USD, and 50% of the population earn more than 25,720 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Benefits Specialist salary in British Indian Ocean Territory, 25% of the population are earning less than 16,140 USD while 75% of the population earn more than 16,140 USD.

75% of the population earn less than 35,300 USD, and 25% of the population earn more than 35,300 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Benefits Specialist Salary by Experience Level in British Indian Ocean Territory

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average benefits specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Benefits Specialist in British Indian Ocean Territory that has less than two years of experience can expect to earn somewhere in the region of 17,020 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Benefits Specialist salary would increase to 18,940 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Benefits Specialist, the average salary would be 25,660 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 34,240 USD.
  • 15 - 20 Years Experience. A Benefits Specialist with 15 to 20 years of experience can earn an average of 34,120 USD.
  • 20+ Years Experience. For a Benefits Specialist with more than 20 years, the expected average salary increases to 36,020 USD.

Average Salary by Experience Chart

0-2 Years
17,020 USD
2-5 Years +29%
18,940 USD
5-10 Years +38%
25,660 USD
10-15 Years +24%
34,240 USD
15-20 Years +7%
34,120 USD
20+ Years +7%
36,020 USD

Benefits Specialist Salary by Education Level in British Indian Ocean Territory

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Benefits Specialist in British Indian Ocean Territory based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Benefits Specialist in British Indian Ocean Territory with a bachelor's degree education can earn an average salary of 17,740 USD.

  • Master's Degree. A Benefits Specialist in British Indian Ocean Territory with a master's degree education can earn an average salary of 29,640 USD.

Average Salary by Education Chart

Bachelor's Degree
17,740 USD
Master's Degree +60%
29,640 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in British Indian Ocean Territory is around 13,400 to 40,200 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Benefits Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In British Indian Ocean Territory, a male benefits specialist will earn an average of 28,820 USD, while a female benefits specialist will earn around 23,260 USD.

This means that a male benefits specialist earns approximately 24% more than a female benefits specialist for performing the same job.

Average Salary by Gender Chart in British Indian Ocean Territory

Male
28,820 USD
Female -24%
23,260 USD

Benefits Specialist Average Pay Raise in British Indian Ocean Territory

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Benefits Specialist in British Indian Ocean Territory is around 7% every 29 months.

The national average pay raise across all professions and industries in British Indian Ocean Territory is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Benefits Specialist in British Indian Ocean Territory can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in British Indian Ocean Territory for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in British Indian Ocean Territory.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Benefits Specialist Bonus and Incentive Rates in British Indian Ocean Territory

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Benefits Specialist is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
38%
No Bonus
62%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in British Indian Ocean Territory earn approximately 35% more than private sector employees in the same role.

Public Sector
37,200 USD
Private Sector -35%
27,480 USD

Salaries for Jobs Similar to a Benefits Specialist

In the table below, we have salary information for jobs that are similar to a Benefits Specialist in British Indian Ocean Territory.

Job Title Category Salary
Benefits Administrator Human Resources 21,100 USD
Benefits Analyst Human Resources 23,700 USD
Benefits Manager Human Resources 43,520 USD
Chief Human Resources Officer Human Resources 51,900 USD
Chief People Officer Human Resources 56,100 USD
Compensation Analyst Human Resources 23,140 USD
Compensation and Benefits Manager Human Resources 45,560 USD
Compensation and Benefits Officer Human Resources 17,860 USD
Compensation and Benefits Specialist Human Resources 27,040 USD
Compensation Manager Human Resources 42,040 USD
Corporate Director of Human Resources Human Resources 52,300 USD
Corporate Recruiter Human Resources 36,580 USD
Corporate Trainer Human Resources 26,020 USD
Director of Talent Acquisition Human Resources 50,340 USD
Employee Benefits Administrator Human Resources 29,640 USD
Employee Benefits Consultant Human Resources 37,800 USD
Employee Benefits Coordinator Human Resources 15,580 USD
Employee Communications Manager Human Resources 36,940 USD
Employee Development Specialist Human Resources 34,960 USD
Employee Engagement Specialist Human Resources 34,540 USD
Employee Health and Wellness Administrator Human Resources 33,960 USD
Employee Performance Specialist Human Resources 25,440 USD
Employee Relations Analyst Human Resources 37,620 USD
Employee Relations Manager Human Resources 35,300 USD
Employee Relations Practitioner Human Resources 36,020 USD
Employee Relations Representative Human Resources 26,080 USD
Employee Relations Specialist Human Resources 32,420 USD
Employee Services Manager Human Resources 34,380 USD
Employee Services Specialist Human Resources 36,940 USD
Employee Wellness Officer Human Resources 29,040 USD
Employment Advice Worker Human Resources 15,300 USD
Employment Interviewer Human Resources 25,680 USD
Employment Relations Officer Human Resources 15,760 USD
Employment Service Specialist Human Resources 21,640 USD
Employment Services Coordinator Human Resources 22,400 USD
Enrollment Counselor Human Resources 32,960 USD
Equal Opportunity Representative Human Resources 25,680 USD
Executive Human Capital Management Human Resources 54,700 USD
Executive Recruiter Human Resources 35,420 USD
Expatriate Administration Manager Human Resources 35,520 USD
Expatriate Administration Supervisor Human Resources 23,080 USD
Global Mobility Manager Human Resources 47,180 USD
Head of Human Resources Human Resources 49,020 USD
Headhunter Human Resources 36,940 USD
Health Benefits Coordinator Human Resources 20,940 USD
HRIS Analyst Human Resources 19,020 USD
HRIS Manager Human Resources 32,960 USD
HRIS Officer Human Resources 14,820 USD
HRIS Supervisor Human Resources 18,780 USD
Human Resources Administration Specialist Human Resources 21,640 USD
Human Resources Administrative Assistant Human Resources 17,100 USD
Human Resources Administrative Coordinator Human Resources 21,100 USD
Human Resources Administrator Human Resources 20,000 USD
Human Resources Advisor Human Resources 35,260 USD
Human Resources Analyst Human Resources 31,540 USD
Human Resources Assessor Human Resources 19,480 USD
Human Resources Assistant Human Resources 11,880 USD
Human Resources Assistant Manager Human Resources 39,800 USD
Human Resources Associate Human Resources 14,540 USD
Human Resources Consultant Human Resources 39,080 USD
Human Resources Coordinator Human Resources 14,140 USD
Human Resources Data Analytics Manager Human Resources 31,940 USD
Human Resources Deputy Manager Human Resources 39,560 USD
Human Resources Development Manager Human Resources 45,600 USD
Human Resources Director Human Resources 50,620 USD
Human Resources Executive Human Resources 34,480 USD
Human Resources Generalist Human Resources 29,040 USD
Human Resources Manager Human Resources 51,080 USD
Human Resources Officer Human Resources 20,300 USD
Human Resources Recruiter Human Resources 34,120 USD
Human Resources Representative Human Resources 18,900 USD
Human Resources Section Head Human Resources 32,200 USD
Human Resources Services Manager Human Resources 41,820 USD
Human Resources Specialist Human Resources 25,660 USD
Human Resources Superintendent Human Resources 19,480 USD
Human Resources Training Executive Human Resources 36,940 USD
Human Resources Vice President Human Resources 46,880 USD
Industrial Organizational Psychologist Human Resources 45,560 USD
Job Evaluation Specialist Human Resources 34,980 USD
Labor Relations Director Human Resources 40,420 USD
Labor Relations Manager Human Resources 42,040 USD
Labor Relations Specialist Human Resources 20,120 USD
Learning and Development Manager Human Resources 44,800 USD
Occupational Health and Safety Officer Human Resources 19,220 USD
Organizational Development Consultant Human Resources 38,780 USD
Organizational Development Manager Human Resources 43,480 USD
Organizational Development Specialist Human Resources 20,760 USD
Payroll Assistant Human Resources 16,720 USD
Payroll Supervisor Human Resources 19,160 USD
People Development Officer Human Resources 25,660 USD
Personnel Officer Human Resources 14,920 USD
Personnel Recruiter Human Resources 38,140 USD
Records Clerk Human Resources 14,620 USD
Records Manager Human Resources 22,540 USD
Recruiter Human Resources 37,380 USD
Recruiting Coordinator Human Resources 17,760 USD
Recruiting Manager Human Resources 48,200 USD
Recruitment Consultant Human Resources 34,540 USD
Recruitment Officer Human Resources 19,160 USD
Recruitment Supervisor Human Resources 27,480 USD
Research Associate Human Resources 14,140 USD
SAP Resource Manager Human Resources 36,800 USD
Talent Acquisition Manager Human Resources 50,020 USD
Talent Acquisition Specialist Human Resources 28,820 USD
Talent Management Officer Human Resources 22,540 USD
Technical Recruiter Human Resources 22,660 USD
Training Administrator Human Resources 19,060 USD
Training and Development Manager Human Resources 44,300 USD
Training and Development Section Head Human Resources 35,260 USD
Training Executive Human Resources 40,640 USD
Training Manager Human Resources 42,040 USD
Training Officer Human Resources 19,200 USD
Training Specialist Human Resources 25,160 USD

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