|Quick Facts: Compensation and Benefits Managers|
|2010 Median Pay||
$89,270 per year
$42.92 per hour
|Entry-Level Education||Bachelor’s degree|
|Work Experience in a Related Occupation||1 to 5 years|
|Number of Jobs, 2010||31,800|
|Job Outlook, 2010-20||3% (Slower than average)|
|Employment Change, 2010-20||900|
Compensation managers plan, direct, and coordinate how and how much an organization pays its employees. Benefits managers do the same for retirement plans, health insurance, and other benefits an organization offers its employees.
Compensation and benefits managers work throughout the economy. They typically work in offices and may work long hours.
Candidates need a combination of education and related work experience to become a compensation and benefits manager. Although most positions require at least a bachelor’s degree, some require a master’s degree.
The median annual wage of compensation and benefits managers was $89,270 in May 2010.
Employment of compensation and benefits managers is expected to grow 3 percent from 2010 to 2020, slower than the average for all occupations. Continued contracting out of compensation and benefits work is expected to result in slow employment growth. Candidates will face competition for jobs.
Compare the job duties, education, job growth, and pay of compensation and benefits managers with similar occupations.
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