|Quick Facts: Compensation and Benefits Managers|
|2014 Median Pay||
$108,070 per year
$51.96 per hour
|Typical Entry-Level Education||Bachelor's degree|
|Work Experience in a Related Occupation||5 years or more|
|Number of Jobs, 2014||16,900|
|Job Outlook, 2014-24||6% (As fast as average)|
|Employment Change, 2014-24||1,100|
Compensation managers plan, develop, and oversee programs to determine how much an organization pays its employees and how employees are paid. Benefits managers plan, direct, and coordinate retirement plans, health insurance, and other benefits that an organization offers its employees.
Compensation and benefits managers work in nearly every industry. They typically work in offices. About 1 in 3 worked more than 40 hours per week in 2014.
Workers need a combination of education and related work experience to become a compensation and benefits manager. Most jobs require at least a bachelor’s degree.
The median annual wage for compensation and benefits managers was $108,070 in May 2014.
Employment of compensation and benefits managers is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Competition for jobs will be very strong because compensation and benefits manager positions typically offer high pay.
Explore resources for employment and wages by state and area for compensation and benefits managers.
Compare the job duties, education, job growth, and pay of compensation and benefits managers with similar occupations.
Learn more about compensation and benefits managers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.