A person working as an Eligibility Specialist in Aruba typically earns around 2,280 AWG per month. Salaries range from 1,050 AWG (lowest) to 3,630 AWG (highest).
This is the average monthly salary including housing, transport, and other benefits. Eligibility Specialist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Eligibility Specialist salaries in Aruba range from 1,050 AWG per month (minimum salary) to 3,630 AWG per month (maximum salary).
The median salary is 2,470 AWG per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 2,470 AWG while the other half are earning more than 2,470 AWG. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Eligibility Specialist(s) are earning less than 1,580 AWG while 75% of them are earning more than 1,580 AWG. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 3,290 AWG while 25% are earning more than 3,290 AWG.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Eligibility Specialist salaries by experience level and this is what we found.
An Eligibility Specialist with less than two years of experience makes approximately 1,190 AWG per month.
While someone with an experience level between two and five years is expected to earn 1,590 AWG per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,350 AWG per month, 48% more than someone with two to five years of experience.
Additionally, Eligibility Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,870 AWG per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 3,130 AWG per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,380 AWG per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Eligibility Specialist salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of an Eligibility Specialist is 1,390 AWG per month.
While someone with a Master's Degree gets a salary of 2,680 AWG per month, 93% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Aruba costs anywhere from 11,300 Aruban Guilder(s) to 33,900 Aruban Guilder(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Eligibility Specialist employees in Aruba earn 19% more than their female counterparts on average.
Eligibility Specialist(s) in Aruba are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Aruba for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
An Eligibility Specialist is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Eligibility Specialist is 1% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||3,090 AWG||+35%|
|Actuarial Assistant||2,200 AWG||-4%|
|Adjustment Insurance Clerk||850 AWG||-63%|
|Assistant Broker||1,470 AWG||-36%|
|Assistant Claims Manager||2,640 AWG||+16%|
|Associate Insurance Representative||1,220 AWG||-47%|
|Auditing Insurance Manager||3,440 AWG||+51%|
|Claim Advocacy Professional||2,460 AWG||+8%|
|Claims Adjuster||870 AWG||-62%|
|Claims Analyst||1,230 AWG||-46%|
|Claims Examiner||1,250 AWG||-45%|
|Claims Manager||3,420 AWG||+50%|
|Claims Processor||910 AWG||-60%|
|Claims Representative||1,040 AWG||-54%|
|Claims Resolution Specialist||2,420 AWG||+6%|
|Claims Supervisor||2,230 AWG||-2%|
|Complaints Specialist||2,230 AWG||-2%|
|Compliance Officer||1,910 AWG||-16%|
|Eligibility Specialist||2,280 AWG||-0%|
|Insurance Account Manager||2,850 AWG||+25%|
|Insurance Accounts Executive||2,520 AWG||+10%|
|Insurance Agent||1,410 AWG||-38%|
|Insurance Analyst||2,250 AWG||-1%|
|Insurance Appraiser||2,450 AWG||+7%|
|Insurance Claims Clerk||830 AWG||-64%|
|Insurance Examiner||2,080 AWG||-9%|
|Insurance Investigator||2,160 AWG||-5%|
|Insurance Manager||3,990 AWG||+75%|
|Insurance Operations Manager||3,870 AWG||+70%|
|Insurance Policy Processing Clerk||860 AWG||-62%|
|Insurance Pricing Assistant||1,900 AWG||-17%|
|Insurance Program Manager||2,980 AWG||+31%|
|Insurance Project Manager||2,900 AWG||+27%|
|Insurance Quality Assurance Agent||2,090 AWG||-8%|
|Insurance Sales Agent||1,400 AWG||-39%|
|Insurance Sales Director||3,830 AWG||+68%|
|Insurance Team Leader||2,490 AWG||+9%|
|Insurance Underwriter||1,820 AWG||-20%|
|Loss Control Specialist||2,330 AWG||+2%|
|Loss Prevention Investigator||2,540 AWG||+11%|
|Loss Prevention Manager||3,260 AWG||+43%|
|Loss Prevention Specialist||2,410 AWG||+6%|
|Marine Underwriter||1,670 AWG||-27%|
|Medical Auditor||2,360 AWG||+3%|
|Monitoring and Performance Officer||1,580 AWG||-31%|
|Payment Services Specialist||2,450 AWG||+7%|
|Policy Change Director||3,640 AWG||+60%|
|Policy Change Supervisor||2,540 AWG||+11%|
|Policy Change Technician||1,150 AWG||-50%|
|Risk Analyst||2,720 AWG||+19%|
|Risk Management Director||4,320 AWG||+89%|
|Risk Management Supervisor||2,830 AWG||+24%|
|Risk Manager||4,260 AWG||+87%|
|Risk Modeling Manager||4,310 AWG||+89%|
|Title Insurance Typist||1,960 AWG||-14%|
|Training Manager||2,570 AWG||+13%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Aruba earn 14% more than their private sector counterparts on average across all sectors.