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

Eligibility Specialist Average Salary in Trinidad and Tobago 2020

How much money does an Eligibility Specialist make in Trinidad and Tobago?


Average Monthly Salary
10,600 TTD
( 127,000 TTD yearly)

LOW
4,850
TTD
AVERAGE
10,600
TTD
HIGH
16,800
TTD

A person working as an Eligibility Specialist in Trinidad and Tobago typically earns around 10,600 TTD per month. Salaries range from 4,850 TTD (lowest) to 16,800 TTD (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 Trinidad and Tobago

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

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

  • Salary Range

    Eligibility Specialist salaries in Trinidad and Tobago range from 4,850 TTD per month (minimum salary) to 16,800 TTD per month (maximum salary).

  • Median Salary

    The median salary is 11,400 TTD per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 11,400 TTD while the other half are earning more than 11,400 TTD. 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 7,310 TTD while 75% of them are earning more than 7,310 TTD. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 15,200 TTD while 25% are earning more than 15,200 TTD.


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 Trinidad and Tobago Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/trinidad-and-tobago/insurance/eligibility-specialist/salary-comparison-by-years-of-experience-monthly-trinidad-and-tobago-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 5,510 TTD per month.

While someone with an experience level between two and five years is expected to earn 7,360 TTD 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 10,900 TTD 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 13,300 TTD 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 14,500 TTD 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 15,600 TTD per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Trinidad and Tobago

0 - 2 Years
5,510 TTD
2 - 5 Years+34%
7,360 TTD
5 - 10 Years+48%
10,900 TTD
10 - 15 Years+22%
13,300 TTD
15 - 20 Years+9%
14,500 TTD
20+ Years+8%
15,600 TTD
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 Trinidad and Tobago Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/trinidad-and-tobago/insurance/eligibility-specialist/salary-comparison-by-education-level-monthly-trinidad-and-tobago-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 6,400 TTD per month.

While someone with a Master's Degree gets a salary of 12,400 TTD per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Trinidad and Tobago

Bachelor's Degree
6,400 TTD
Master's Degree+93%
12,400 TTD
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 Trinidad and Tobago costs anywhere from 48,800 Trinidad and Tobago Dollar(s) to 147,000 Trinidad and Tobago 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.


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 Trinidad and Tobago Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/trinidad-and-tobago/insurance/eligibility-specialist/salary-comparison-by-gender-monthly-trinidad-and-tobago-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 Trinidad and Tobago earn 9% more than their female counterparts on average.

Male
11,000 TTD
Female-8%
10,100 TTD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Trinidad and Tobago for all Careers

Salary comparison by gender monthly Trinidad and Tobago
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/trinidad-and-tobago/salary-comparison-by-gender-monthly-trinidad-and-tobago.jpg

Eligibility Specialist Average Annual Salary Increment Percentage in Trinidad and Tobago

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

Eligibility Specialist

Eligibility Specialist(s) in Trinidad and Tobago are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Trinidad and Tobago Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/trinidad-and-tobago/insurance/eligibility-specialist/annual-salary-increment-rate-trinidad-and-tobago-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.

Trinidad and Tobago / 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 Trinidad and Tobago is 2%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Trinidad and Tobago 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 Trinidad and Tobago

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


61 TTD per hour

The average hourly wage (pay per hour) in Trinidad and Tobago is 61 TTD. This means that the average Eligibility Specialist in Trinidad and Tobago earns approximately 61 TTD 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 Trinidad and Tobago
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/trinidad-and-tobago/insurance/eligibility-specialist/salary-comparison-between-eligibility-specialist-and-insurance-monthly-trinidad-and-tobago.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 Analyst13,600 TTD+29%
Actuarial Assistant9,770 TTD-7%
Actuary13,400 TTD+27%
Adjustment Insurance Clerk3,710 TTD-65%
Assistant Broker6,090 TTD-42%
Assistant Claims Manager10,400 TTD-1%
Associate Insurance Representative5,390 TTD-49%
Auditing Insurance Manager15,100 TTD+43%
Broker10,500 TTD-0%
Claim Advocacy Professional9,910 TTD-6%
Claims Adjuster3,860 TTD-63%
Claims Analyst5,500 TTD-48%
Claims Examiner5,070 TTD-52%
Claims Manager14,000 TTD+33%
Claims Processor3,770 TTD-64%
Claims Representative4,640 TTD-56%
Claims Resolution Specialist10,900 TTD+3%
Claims Supervisor10,200 TTD-3%
Complaints Specialist9,090 TTD-14%
Compliance Officer8,100 TTD-23%
Consultant9,630 TTD-9%
Eligibility Specialist10,600 TTD+0%
Insurance Account Manager12,500 TTD+18%
Insurance Accounts Executive10,600 TTD+0%
Insurance Agent6,270 TTD-41%
Insurance Analyst9,490 TTD-10%
Insurance Appraiser9,930 TTD-6%
Insurance Claims Clerk3,750 TTD-64%
Insurance Examiner9,430 TTD-11%
Insurance Investigator9,860 TTD-7%
Insurance Manager17,100 TTD+62%
Insurance Operations Manager17,100 TTD+62%
Insurance Policy Processing Clerk3,590 TTD-66%
Insurance Pricing Assistant8,240 TTD-22%
Insurance Program Manager13,400 TTD+27%
Insurance Project Manager12,300 TTD+17%
Insurance Quality Assurance Agent8,570 TTD-19%
Insurance Sales Agent5,860 TTD-44%
Insurance Sales Director17,000 TTD+61%
Insurance Team Leader10,300 TTD-2%
Insurance Underwriter7,340 TTD-30%
Loss Control Specialist9,870 TTD-6%
Loss Prevention Investigator10,800 TTD+2%
Loss Prevention Manager14,000 TTD+33%
Loss Prevention Specialist10,400 TTD-1%
Marine Underwriter7,670 TTD-27%
Medical Auditor10,100 TTD-4%
Monitoring and Performance Officer7,300 TTD-31%
Payment Services Specialist10,400 TTD-1%
Policy Change Director15,400 TTD+46%
Policy Change Supervisor10,900 TTD+3%
Policy Change Technician4,960 TTD-53%
Risk Analyst10,800 TTD+2%
Risk Management Director19,000 TTD+80%
Risk Management Supervisor12,500 TTD+18%
Risk Manager19,000 TTD+80%
Risk Modeling Manager19,400 TTD+84%
Title Insurance Typist8,740 TTD-17%
Training Manager10,600 TTD+0%

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 Trinidad and Tobago earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
9,280 TTD
Public Sector+14%
10,600 TTD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020