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 salaries in Trinidad and Tobago range from 4,850 TTD per month (minimum salary) to 16,800 TTD per month (maximum 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.
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.
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 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.
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.
|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 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.
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.
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.
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.
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 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.
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 8% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||13,600 TTD||+29%|
|Actuarial Assistant||9,770 TTD||-7%|
|Adjustment Insurance Clerk||3,710 TTD||-65%|
|Assistant Broker||6,090 TTD||-42%|
|Assistant Claims Manager||10,400 TTD||-1%|
|Associate Insurance Representative||5,390 TTD||-49%|
|Auditing Insurance Manager||15,100 TTD||+43%|
|Claim Advocacy Professional||9,910 TTD||-6%|
|Claims Adjuster||3,860 TTD||-63%|
|Claims Analyst||5,500 TTD||-48%|
|Claims Examiner||5,070 TTD||-52%|
|Claims Manager||14,000 TTD||+33%|
|Claims Processor||3,770 TTD||-64%|
|Claims Representative||4,640 TTD||-56%|
|Claims Resolution Specialist||10,900 TTD||+3%|
|Claims Supervisor||10,200 TTD||-3%|
|Complaints Specialist||9,090 TTD||-14%|
|Compliance Officer||8,100 TTD||-23%|
|Eligibility Specialist||10,600 TTD||+0%|
|Insurance Account Manager||12,500 TTD||+18%|
|Insurance Accounts Executive||10,600 TTD||+0%|
|Insurance Agent||6,270 TTD||-41%|
|Insurance Analyst||9,490 TTD||-10%|
|Insurance Appraiser||9,930 TTD||-6%|
|Insurance Claims Clerk||3,750 TTD||-64%|
|Insurance Examiner||9,430 TTD||-11%|
|Insurance Investigator||9,860 TTD||-7%|
|Insurance Manager||17,100 TTD||+62%|
|Insurance Operations Manager||17,100 TTD||+62%|
|Insurance Policy Processing Clerk||3,590 TTD||-66%|
|Insurance Pricing Assistant||8,240 TTD||-22%|
|Insurance Program Manager||13,400 TTD||+27%|
|Insurance Project Manager||12,300 TTD||+17%|
|Insurance Quality Assurance Agent||8,570 TTD||-19%|
|Insurance Sales Agent||5,860 TTD||-44%|
|Insurance Sales Director||17,000 TTD||+61%|
|Insurance Team Leader||10,300 TTD||-2%|
|Insurance Underwriter||7,340 TTD||-30%|
|Loss Control Specialist||9,870 TTD||-6%|
|Loss Prevention Investigator||10,800 TTD||+2%|
|Loss Prevention Manager||14,000 TTD||+33%|
|Loss Prevention Specialist||10,400 TTD||-1%|
|Marine Underwriter||7,670 TTD||-27%|
|Medical Auditor||10,100 TTD||-4%|
|Monitoring and Performance Officer||7,300 TTD||-31%|
|Payment Services Specialist||10,400 TTD||-1%|
|Policy Change Director||15,400 TTD||+46%|
|Policy Change Supervisor||10,900 TTD||+3%|
|Policy Change Technician||4,960 TTD||-53%|
|Risk Analyst||10,800 TTD||+2%|
|Risk Management Director||19,000 TTD||+80%|
|Risk Management Supervisor||12,500 TTD||+18%|
|Risk Manager||19,000 TTD||+80%|
|Risk Modeling Manager||19,400 TTD||+84%|
|Title Insurance Typist||8,740 TTD||-17%|
|Training Manager||10,600 TTD||+0%|
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.