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

Eligibility Specialist Average Salary in Cyprus 2020

How much money does an Eligibility Specialist make in Cyprus?


Average Monthly Salary
2,070 EUR
( 24,800 EUR yearly)

LOW
950
EUR
AVERAGE
2,070
EUR
HIGH
3,290
EUR

A person working as an Eligibility Specialist in Cyprus typically earns around 2,070 EUR per month. Salaries range from 950 EUR (lowest) to 3,290 EUR (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 Cyprus

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

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

  • Salary Range

    Eligibility Specialist salaries in Cyprus range from 950 EUR per month (minimum salary) to 3,290 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,240 EUR per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 2,240 EUR while the other half are earning more than 2,240 EUR. 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 1,430 EUR while 75% of them are earning more than 1,430 EUR. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 2,980 EUR while 25% are earning more than 2,980 EUR.


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 Cyprus Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/insurance/eligibility-specialist/salary-comparison-by-years-of-experience-monthly-cyprus-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 1,080 EUR per month.

While someone with an experience level between two and five years is expected to earn 1,440 EUR 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 2,130 EUR 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 2,600 EUR 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 2,830 EUR 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 3,070 EUR per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Cyprus

0 - 2 Years
1,080 EUR
2 - 5 Years+33%
1,440 EUR
5 - 10 Years+48%
2,130 EUR
10 - 15 Years+22%
2,600 EUR
15 - 20 Years+9%
2,830 EUR
20+ Years+8%
3,070 EUR
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 Cyprus Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/insurance/eligibility-specialist/salary-comparison-by-education-level-monthly-cyprus-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 1,260 EUR per month.

While someone with a Master's Degree gets a salary of 2,430 EUR per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Cyprus

Bachelor's Degree
1,260 EUR
Master's Degree+93%
2,430 EUR
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 Cyprus costs anywhere from 10,800 Euro(s) to 32,500 Euro(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 Cyprus Eligibility Specialist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/insurance/eligibility-specialist/salary-comparison-by-gender-monthly-cyprus-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 Cyprus earn 8% more than their female counterparts on average.

Male
2,150 EUR
Female-7%
1,990 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cyprus for all Careers

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

Eligibility Specialist Average Annual Salary Increment Percentage in Cyprus

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

Eligibility Specialist

Eligibility Specialist(s) in Cyprus 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.

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

Cyprus / 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 Cyprus is 2%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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

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


12 EUR per hour

The average hourly wage (pay per hour) in Cyprus is 12 EUR. This means that the average Eligibility Specialist in Cyprus earns approximately 12 EUR 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 Cyprus
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/cyprus/insurance/eligibility-specialist/salary-comparison-between-eligibility-specialist-and-insurance-monthly-cyprus.jpg

The average salary for Eligibility Specialist is 5% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst2,780 EUR+34%
Actuarial Assistant2,070 EUR+0%
Actuary2,970 EUR+44%
Adjustment Insurance Clerk810 EUR-61%
Assistant Broker1,320 EUR-36%
Assistant Claims Manager2,430 EUR+17%
Associate Insurance Representative1,090 EUR-47%
Auditing Insurance Manager3,090 EUR+49%
Broker2,180 EUR+5%
Claim Advocacy Professional2,260 EUR+9%
Claims Adjuster820 EUR-60%
Claims Analyst1,100 EUR-47%
Claims Examiner1,160 EUR-44%
Claims Manager3,010 EUR+45%
Claims Processor840 EUR-59%
Claims Representative930 EUR-55%
Claims Resolution Specialist2,320 EUR+12%
Claims Supervisor2,140 EUR+3%
Complaints Specialist2,060 EUR-0%
Compliance Officer1,700 EUR-18%
Consultant2,050 EUR-1%
Eligibility Specialist2,070 EUR+0%
Insurance Account Manager2,690 EUR+30%
Insurance Accounts Executive2,370 EUR+15%
Insurance Agent1,320 EUR-36%
Insurance Analyst2,140 EUR+3%
Insurance Appraiser2,150 EUR+4%
Insurance Claims Clerk760 EUR-63%
Insurance Examiner1,990 EUR-4%
Insurance Investigator1,950 EUR-6%
Insurance Manager3,650 EUR+76%
Insurance Operations Manager3,700 EUR+79%
Insurance Policy Processing Clerk810 EUR-61%
Insurance Pricing Assistant1,760 EUR-15%
Insurance Program Manager2,700 EUR+30%
Insurance Project Manager2,620 EUR+27%
Insurance Quality Assurance Agent1,840 EUR-11%
Insurance Sales Agent1,250 EUR-40%
Insurance Sales Director3,600 EUR+74%
Insurance Team Leader2,220 EUR+7%
Insurance Underwriter1,670 EUR-19%
Loss Control Specialist2,160 EUR+4%
Loss Prevention Investigator2,230 EUR+8%
Loss Prevention Manager2,980 EUR+44%
Loss Prevention Specialist2,310 EUR+12%
Marine Underwriter1,600 EUR-23%
Medical Auditor2,150 EUR+4%
Monitoring and Performance Officer1,440 EUR-30%
Payment Services Specialist2,150 EUR+4%
Policy Change Director3,260 EUR+58%
Policy Change Supervisor2,380 EUR+15%
Policy Change Technician1,020 EUR-51%
Risk Analyst2,390 EUR+16%
Risk Management Director3,950 EUR+91%
Risk Management Supervisor2,700 EUR+30%
Risk Manager3,850 EUR+86%
Risk Modeling Manager4,070 EUR+97%
Title Insurance Typist1,770 EUR-14%
Training Manager2,300 EUR+11%

Salary Comparison By City

CityAverage Salary
Larnaka1,980 EUR
Limassol2,420 EUR
Nicosia2,090 EUR

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 Cyprus earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
1,950 EUR
Public Sector+18%
2,290 EUR
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020