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 profit74.79%
  2. Private, not for profit13.56%
  3. State and local government7.95%
  4. Federal government2.60%
  5. Self-employed1.10%

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

Job Outlook

Employment of compensation and benefits managers is projected to grow 4 percent from 2020 to 2030, slower than the average for all occupations. Despite limited employment growth, about 1,500 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.

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Salary

Average Salary

Salary

$125,130

State-by-state Salary

Gray states indicate no data available

$182,530
$74,750
No Information for this section

Education

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%

Knowledge

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

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
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