HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Eligibility Specialist Average Salary in Libya 2020

How much money does an Eligibility Specialist make in Libya?


Average Monthly Salary
2,470 LYD
( 29,700 LYD yearly)

LOW
1,140
LYD
AVERAGE
2,470
LYD
HIGH
3,930
LYD

A person working as an Eligibility Specialist in Libya typically earns around 2,470 LYD per month. Salaries range from 1,140 LYD (lowest) to 3,930 LYD (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 Salary Distribution in Libya

Median and salary distribution monthly Libya Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/median-and-salary-distribution-monthly-libya-eligibility-specialist.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Eligibility Specialist salaries in Libya range from 1,140 LYD per month (minimum salary) to 3,930 LYD per month (maximum salary).

  • Median Salary

    The median salary is 2,670 LYD per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 2,670 LYD while the other half are earning more than 2,670 LYD. 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.

  • Percentiles

    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 1,710 LYD while 75% of them are earning more than 1,710 LYD. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 3,560 LYD while 25% are earning more than 3,560 LYD.


What is the difference between the median and the average salary?

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

Eligibility Specialist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Libya Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/salary-comparison-by-years-of-experience-monthly-libya-eligibility-specialist.jpg

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 1,290 LYD per month.

While someone with an experience level between two and five years is expected to earn 1,720 LYD per month, 33% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,550 LYD per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Eligibility Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,110 LYD 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 3,390 LYD 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 3,660 LYD per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Libya

0 - 2 Years
1,290 LYD
2 - 5 Years+33%
1,720 LYD
5 - 10 Years+48%
2,550 LYD
10 - 15 Years+22%
3,110 LYD
15 - 20 Years+9%
3,390 LYD
20+ Years+8%
3,660 LYD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Eligibility Specialist Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Eligibility Specialist(s) who have the same experience but different education levels.

Salary comparison by education level monthly Libya Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/salary-comparison-by-education-level-monthly-libya-eligibility-specialist.jpg

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 1,500 LYD per month.

While someone with a Master's Degree gets a salary of 2,900 LYD per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Libya

Bachelor's Degree
1,500 LYD
Master's Degree+93%
2,900 LYD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Libya costs anywhere from 11,400 Libyan Dinar(s) to 34,300 Libyan Dinar(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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Eligibility Specialist Salary Comparison By Gender

Salary comparison by gender monthly Libya Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/salary-comparison-by-gender-monthly-libya-eligibility-specialist.jpg

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 Libya earn 24% more than their female counterparts on average.

Male
2,730 LYD
Female-19%
2,210 LYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Libya for all Careers

Salary comparison by gender monthly Libya
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/salary-comparison-by-gender-monthly-libya.jpg

Eligibility Specialist Average Annual Salary Increment Percentage in Libya

How much are annual salary increments in Libya for Eligibility Specialist(s)? How often do employees get salary raises?

Eligibility Specialist

Eligibility Specialist(s) in Libya are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Libya Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/annual-salary-increment-rate-libya-eligibility-specialist.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Libya / All Professions

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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Libya is 2%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Libya 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.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Eligibility Specialist Bonus and Incentive Rates in Libya

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Libya Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/annual-salary-bonus-rate-libya-eligibility-specialist.jpg

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.

Received Bonus
16%
No Bonus
84%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Eligibility Specialist Average Hourly Wage in Libya


14 LYD per hour

The average hourly wage (pay per hour) in Libya is 14 LYD. This means that the average Eligibility Specialist in Libya earns approximately 14 LYD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Eligibility Specialist VS Other Jobs

Salary Comparison Between Eligibility Specialist and Insurance monthly Libya
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/libya/insurance/eligibility-specialist/salary-comparison-between-eligibility-specialist-and-insurance-monthly-libya.jpg

The average salary for Eligibility Specialist is 8% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst3,120 LYD+26%
Actuarial Assistant2,250 LYD-9%
Actuary3,020 LYD+22%
Adjustment Insurance Clerk850 LYD-66%
Assistant Broker1,550 LYD-37%
Assistant Claims Manager2,540 LYD+3%
Associate Insurance Representative1,270 LYD-49%
Auditing Insurance Manager3,470 LYD+40%
Broker2,290 LYD-7%
Claim Advocacy Professional2,250 LYD-9%
Claims Adjuster890 LYD-64%
Claims Analyst1,270 LYD-49%
Claims Examiner1,170 LYD-53%
Claims Manager3,260 LYD+32%
Claims Processor880 LYD-64%
Claims Representative1,040 LYD-58%
Claims Resolution Specialist2,470 LYD-0%
Claims Supervisor2,390 LYD-3%
Complaints Specialist2,170 LYD-12%
Compliance Officer1,960 LYD-21%
Consultant2,440 LYD-1%
Eligibility Specialist2,470 LYD-0%
Insurance Account Manager2,930 LYD+19%
Insurance Accounts Executive2,570 LYD+4%
Insurance Agent1,340 LYD-46%
Insurance Analyst2,230 LYD-10%
Insurance Appraiser2,430 LYD-2%
Insurance Claims Clerk830 LYD-66%
Insurance Examiner2,100 LYD-15%
Insurance Investigator2,200 LYD-11%
Insurance Manager3,990 LYD+61%
Insurance Operations Manager4,110 LYD+66%
Insurance Policy Processing Clerk890 LYD-64%
Insurance Pricing Assistant1,770 LYD-28%
Insurance Program Manager3,070 LYD+24%
Insurance Project Manager3,110 LYD+26%
Insurance Quality Assurance Agent1,990 LYD-19%
Insurance Sales Agent1,450 LYD-41%
Insurance Sales Director3,900 LYD+58%
Insurance Team Leader2,440 LYD-1%
Insurance Underwriter1,670 LYD-32%
Loss Control Specialist2,290 LYD-7%
Loss Prevention Investigator2,520 LYD+2%
Loss Prevention Manager3,260 LYD+32%
Loss Prevention Specialist2,440 LYD-1%
Marine Underwriter1,790 LYD-28%
Medical Auditor2,360 LYD-4%
Monitoring and Performance Officer1,660 LYD-33%
Payment Services Specialist2,430 LYD-2%
Policy Change Director3,640 LYD+47%
Policy Change Supervisor2,570 LYD+4%
Policy Change Technician1,180 LYD-52%
Risk Analyst2,570 LYD+4%
Risk Management Director4,550 LYD+84%
Risk Management Supervisor3,000 LYD+21%
Risk Manager4,570 LYD+85%
Risk Modeling Manager4,230 LYD+71%
Title Insurance Typist2,100 LYD-15%
Training Manager2,700 LYD+9%

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Libya earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
2,200 LYD
Public Sector+7%
2,360 LYD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020