A person working as an Eligibility Specialist in New Zealand typically earns around 96,200 NZD per year. Salaries range from 44,300 NZD (lowest) to 153,000 NZD (highest).
This is the average yearly 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 New Zealand range from 44,300 NZD per year (minimum salary) to 153,000 NZD per year (maximum salary).
The median salary is 104,000 NZD per year, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 104,000 NZD while the other half are earning more than 104,000 NZD. 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 66,700 NZD while 75% of them are earning more than 66,700 NZD. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 139,000 NZD while 25% are earning more than 139,000 NZD.
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 50,200 NZD per year.
While someone with an experience level between two and five years is expected to earn 67,100 NZD per year, 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 99,200 NZD per year, 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 121,000 NZD per year, 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 132,000 NZD per year, 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 143,000 NZD per year, 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 58,400 NZD per year.
While someone with a Master's Degree gets a salary of 113,000 NZD per year, 93% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in New Zealand costs anywhere from 40,500 New Zealand Dollar(s) to 122,000 New Zealand Dollar(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 New Zealand earn 6% more than their female counterparts on average.
Eligibility Specialist(s) in New Zealand are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 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 New Zealand 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.
65% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 35% 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% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||130,000 NZD||+35%|
|Actuarial Assistant||87,500 NZD||-9%|
|Adjustment Insurance Clerk||34,200 NZD||-64%|
|Assistant Broker||59,700 NZD||-38%|
|Assistant Claims Manager||108,000 NZD||+12%|
|Associate Insurance Representative||48,900 NZD||-49%|
|Auditing Insurance Manager||145,000 NZD||+51%|
|Claim Advocacy Professional||92,800 NZD||-4%|
|Claims Adjuster||34,600 NZD||-64%|
|Claims Analyst||51,200 NZD||-47%|
|Claims Examiner||48,900 NZD||-49%|
|Claims Manager||140,000 NZD||+45%|
|Claims Processor||35,300 NZD||-63%|
|Claims Representative||41,000 NZD||-57%|
|Claims Resolution Specialist||105,000 NZD||+9%|
|Claims Supervisor||99,400 NZD||+3%|
|Complaints Specialist||91,900 NZD||-4%|
|Compliance Officer||75,300 NZD||-22%|
|Eligibility Specialist||96,200 NZD||-0%|
|Insurance Account Manager||121,000 NZD||+26%|
|Insurance Accounts Executive||105,000 NZD||+9%|
|Insurance Agent||59,000 NZD||-39%|
|Insurance Analyst||99,100 NZD||+3%|
|Insurance Appraiser||102,000 NZD||+6%|
|Insurance Claims Clerk||36,000 NZD||-63%|
|Insurance Examiner||84,800 NZD||-12%|
|Insurance Investigator||92,100 NZD||-4%|
|Insurance Manager||164,000 NZD||+70%|
|Insurance Operations Manager||171,000 NZD||+78%|
|Insurance Policy Processing Clerk||34,700 NZD||-64%|
|Insurance Pricing Assistant||73,600 NZD||-24%|
|Insurance Program Manager||122,000 NZD||+27%|
|Insurance Project Manager||127,000 NZD||+32%|
|Insurance Quality Assurance Agent||85,600 NZD||-11%|
|Insurance Sales Agent||58,800 NZD||-39%|
|Insurance Sales Director||152,000 NZD||+58%|
|Insurance Team Leader||106,000 NZD||+10%|
|Insurance Underwriter||68,800 NZD||-29%|
|Loss Control Specialist||97,300 NZD||+1%|
|Loss Prevention Investigator||100,000 NZD||+4%|
|Loss Prevention Manager||134,000 NZD||+39%|
|Loss Prevention Specialist||104,000 NZD||+8%|
|Marine Underwriter||74,500 NZD||-23%|
|Medical Auditor||96,900 NZD||+1%|
|Monitoring and Performance Officer||70,100 NZD||-27%|
|Payment Services Specialist||96,700 NZD||+0%|
|Policy Change Director||151,000 NZD||+57%|
|Policy Change Supervisor||99,700 NZD||+4%|
|Policy Change Technician||47,300 NZD||-51%|
|Risk Analyst||110,000 NZD||+14%|
|Risk Management Director||183,000 NZD||+90%|
|Risk Management Supervisor||125,000 NZD||+30%|
|Risk Manager||177,000 NZD||+84%|
|Risk Modeling Manager||187,000 NZD||+94%|
|Title Insurance Typist||81,600 NZD||-15%|
|Training Manager||104,000 NZD||+8%|
Where can you get paid more, working for a private company or for the government? Public sector employees in New Zealand earn 5% more than their private sector counterparts on average across all sectors.