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Eligibility Specialist Average Salary in Guernsey 2020

How much money does an Eligibility Specialist make in Guernsey?


Average Yearly Salary
86,400 GBP
( 7,200 GBP monthly)

LOW
39,800
GBP
AVERAGE
86,400
GBP
HIGH
137,000
GBP

A person working as an Eligibility Specialist in Guernsey typically earns around 86,400 GBP per year. Salaries range from 39,800 GBP (lowest) to 137,000 GBP (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 Salary Distribution in Guernsey

Median and salary distribution yearly Guernsey Eligibility Specialist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Eligibility Specialist salaries in Guernsey range from 39,800 GBP per year (minimum salary) to 137,000 GBP per year (maximum salary).

  • Median Salary

    The median salary is 93,300 GBP per year, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 93,300 GBP while the other half are earning more than 93,300 GBP. 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 59,900 GBP while 75% of them are earning more than 59,900 GBP. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 125,000 GBP while 25% are earning more than 125,000 GBP.


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 yearly Guernsey Eligibility Specialist
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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 45,100 GBP per year.

While someone with an experience level between two and five years is expected to earn 60,300 GBP 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 89,100 GBP per year, 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 109,000 GBP 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 118,000 GBP 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 128,000 GBP per year, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Guernsey

0 - 2 Years
45,100 GBP
2 - 5 Years+34%
60,300 GBP
5 - 10 Years+48%
89,100 GBP
10 - 15 Years+22%
109,000 GBP
15 - 20 Years+9%
118,000 GBP
20+ Years+8%
128,000 GBP
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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 yearly Guernsey Eligibility Specialist
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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 52,500 GBP per year.

While someone with a Master's Degree gets a salary of 101,000 GBP per year, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Guernsey

Bachelor's Degree
52,500 GBP
Master's Degree+93%
101,000 GBP
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 Guernsey costs anywhere from 38,400 Pound Sterling(s) to 115,000 Pound Sterling(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
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Eligibility Specialist Salary Comparison By Gender

Salary comparison by gender yearly Guernsey Eligibility Specialist
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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 Guernsey earn 19% more than their female counterparts on average.

Male
94,000 GBP
Female-16%
78,900 GBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Guernsey for all Careers

Salary comparison by gender yearly Guernsey
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Eligibility Specialist Average Annual Salary Increment Percentage in Guernsey

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

Eligibility Specialist

Eligibility Specialist(s) in Guernsey 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 Guernsey Eligibility Specialist
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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.

Guernsey / 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 Guernsey is 2%.

Annual Increment Rate By Industry 2019

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

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

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Eligibility Specialist Bonus and Incentive Rates in Guernsey

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guernsey Eligibility Specialist
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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 Guernsey


42 GBP per hour

The average hourly wage (pay per hour) in Guernsey is 42 GBP. This means that the average Eligibility Specialist in Guernsey earns approximately 42 GBP 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 yearly Guernsey
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The average salary for Eligibility Specialist is 7% 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 Analyst124,000 GBP+43%
Actuarial Assistant86,100 GBP-0%
Actuary119,000 GBP+38%
Adjustment Insurance Clerk31,400 GBP-64%
Assistant Broker56,100 GBP-35%
Assistant Claims Manager94,700 GBP+10%
Associate Insurance Representative46,700 GBP-46%
Auditing Insurance Manager137,000 GBP+59%
Broker84,600 GBP-2%
Claim Advocacy Professional92,700 GBP+7%
Claims Adjuster34,000 GBP-61%
Claims Analyst47,100 GBP-46%
Claims Examiner46,700 GBP-46%
Claims Manager125,000 GBP+45%
Claims Processor32,700 GBP-62%
Claims Representative37,600 GBP-56%
Claims Resolution Specialist98,600 GBP+14%
Claims Supervisor86,200 GBP-0%
Complaints Specialist79,800 GBP-8%
Compliance Officer72,900 GBP-16%
Consultant86,200 GBP-0%
Eligibility Specialist86,400 GBP-0%
Insurance Account Manager111,000 GBP+28%
Insurance Accounts Executive98,600 GBP+14%
Insurance Agent52,800 GBP-39%
Insurance Analyst83,400 GBP-4%
Insurance Appraiser85,500 GBP-1%
Insurance Claims Clerk31,400 GBP-64%
Insurance Examiner84,700 GBP-2%
Insurance Investigator86,100 GBP-0%
Insurance Manager150,000 GBP+74%
Insurance Operations Manager150,000 GBP+74%
Insurance Policy Processing Clerk33,700 GBP-61%
Insurance Pricing Assistant71,400 GBP-17%
Insurance Program Manager118,000 GBP+37%
Insurance Project Manager110,000 GBP+27%
Insurance Quality Assurance Agent76,600 GBP-11%
Insurance Sales Agent53,300 GBP-38%
Insurance Sales Director150,000 GBP+74%
Insurance Team Leader90,700 GBP+5%
Insurance Underwriter68,600 GBP-21%
Loss Control Specialist83,200 GBP-4%
Loss Prevention Investigator88,700 GBP+3%
Loss Prevention Manager123,000 GBP+42%
Loss Prevention Specialist98,400 GBP+14%
Marine Underwriter64,700 GBP-25%
Medical Auditor88,800 GBP+3%
Monitoring and Performance Officer62,700 GBP-27%
Payment Services Specialist85,500 GBP-1%
Policy Change Director132,000 GBP+53%
Policy Change Supervisor99,500 GBP+15%
Policy Change Technician44,200 GBP-49%
Risk Analyst100,000 GBP+16%
Risk Management Director172,000 GBP+99%
Risk Management Supervisor110,000 GBP+27%
Risk Manager162,000 GBP+87%
Risk Modeling Manager160,000 GBP+85%
Title Insurance Typist74,400 GBP-14%
Training Manager97,900 GBP+13%

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 Guernsey earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
82,100 GBP
Public Sector+25%
102,000 GBP
Percentage increase and decrease are relative to the previous value

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