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Compensation and Benefits Manager

Money & Outlook

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National Earnings

Average Annual Wage

$143,140

Average Hourly Wage

$68.82

Average Annual Range

$77,230 to $217,650

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 stable
  The employment change from 2021 to 2031 is estimated to be +2%.
(The National average for all occupations is +5%)
Job Openings very small number
  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)
Employment very small occupation
  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)
Growth Slower than average growth
  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. 
Industries 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%)

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

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