|Quick Facts: Compensation and Benefits Managers|
$127,530 per year
$61.31 per hour
|5 years or more|
|2% (Slower than average)|
Compensation and benefits managers plan, develop, and oversee programs to pay employees.
Compensation and benefits managers work in nearly every industry. Some work more than 40 hours per week.
Compensation and benefits managers typically need a bachelor’s degree and related work experience.
The median annual wage for compensation and benefits managers was $127,530 in May 2021.
Employment of compensation and benefits managers is projected to grow 2 percent from 2021 to 2031, slower than the average for all occupations.
Despite limited employment growth, about 1,200 openings for compensation and benefits managers are projected each year, on average, over the decade. Most of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
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.