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Compensation and Benefits Managers

General Information

Description

Plan, direct, or coordinate compensation and benefits activities of an organization.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit71.02%
  2. Private, not for profit11.30%
  3. State and local government10.37%
  4. Federal government3.82%
  5. Self-employed3.48%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Business Management & Administration

Job Outlook

Projected Job Growth (2021 - 2031)
+2%
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Job Outlook

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Employment of compensation and benefits managers is projected to grow 2 percent from 2021 to 2031, slower than the average for all occupations. Despitelimitedemployment 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.

Similar Careers

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Salary

Average Salary

Salary

$127,530

State-by-state Salary

Gray states indicate no data available

$167,270
$76,670
No Information for this section

Education & Interests

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 80%
  • Master's degree 14%
  • Post baccalaureate 4%
  • High school 0%
  • Some college 0%
  • Doctoral degree 0%
  • Associate's degree 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%
  • Post-secondary certificate 0%

Related College Majors

Select major to see colleges that offer it

PERSONALITY CHARACTERISTICS

You may find this career fulfilling if you consider yourself to be:

  • Enterprising — You have an interest in managing, negotiating and marketing, or leading and advising others.
  • Conventional — You have an interest in following procedures and regulations to organize information or data.
  • Social — You have an interest in helping, teaching, advising, assisting or providing service to others.

Not sure what characteristics best describe you? Take the RIASEC Test.

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership

Knowledge

  • Personnel and Human Resources
  • Mathematics
  • Administration and Management
  • Customer and Personal Service
  • English Language

Gain insights into your knowledge by using the ASVAB Career Exploration Program

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* Military pay may be higher based on specialty pays or bonuses. Learn more about Military benefits.

Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.