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National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
Outlook
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stable
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The employment change from 2021 to 2031 is estimated to be +2%.
(The National average for all occupations is +5%)
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Job Openings
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very small number
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Less than 1000 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
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Employment
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very small occupation
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This was a very small occupation in the United States, employing 15,700 workers in 2021.
(The National average for all occupations is 142,207 workers)
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Growth
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Slower than average growth
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Organizations continue to focus on reducing compensation and benefits costs. Many firms have attempted to reduce costs by introducing various strategies, such as pay-for-performance and health and wellness programs. Organizations will need managers to evaluate and direct these compensation and benefits policies and plans.
However, many organizations contract out a portion of their compensation and benefits functions to human resources consulting firms in order to reduce costs and gain access to technical expertise. These consulting firms can automate tasks and operate call centers to handle employee questions, thereby reducing the need for compensation and benefits managers.
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Industries
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Large concentrations of this occupation are found in these industries
- Management of companies and enterprises (NAICS550000) (24.7%)
- Management of companies and enterprises (NAICS551000) (24.7%)
- Finance and insurance (NAICS520000) (18.1%)
- Professional, scientific, and technical services (NAICS540000) (14.7%)
- Insurance carriers and related activities (NAICS524000) (12.2%)
- Agencies, brokerages, and other insurance related activities (NAICS524200) (7.3%)
- Educational services (NAICS610000) (7.1%)
- Health care and social assistance (NAICS620000) (6.4%)
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