|Quick Facts: Compensation and Benefits Managers|
$131,280 per year
$63.11 per hour
|5 years or more|
|2% (As fast as 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 $131,280 in May 2022.
Employment of compensation and benefits managers is projected to grow 2 percent from 2022 to 2032, about as fast as the average for all occupations.
About 1,100 openings for compensation and benefits managers are projected each year, on average, over the decade. Many 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.