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Careers / Compensation and Benefits Managers |
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Job Description |
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Job Requirements |
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Significant Points |
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(Abstract from Career Articles) |
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Compensation and Benefits Managers |
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Compensation managers plan, develop, and oversee programs to determine how much an organization pays its employees and how employees are paid. Benefits managers plan, direct, and coordinate retirement plans, health insurance, and other benefits that an organization offers its employees.
Compensation and benefits managers work in nearly every industry. They typically work in offices. About 1 in 3 worked more than 40 hours per week in 2014.
Workers need a combination of education and related work experience to become a compensation and benefits manager. Most jobs require at least a bachelor's degree.
The median annual wage for compensation and benefits managers was $111,430 in May 2015.
Employment of compensation and benefits managers is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Competition for jobs will be very strong because compensation and benefits manager positions typically offer high pay.
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. |
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Read More >> |
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Top Ten Industries |
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U.S. National Figures. |
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Compensation and Benefits Managers |
Management of Companies and Enterprises |
3,660 |
Local Government, excluding schools and hospitals (OES Designation) |
920 |
Management, Scientific, and Technical Consulting Services |
920 |
Agencies, Brokerages, and Other Insurance Related Activities |
660 |
Insurance Carriers |
660 |
General Medical and Surgical Hospitals |
600 |
Colleges, Universities, and Professional Schools |
530 |
Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
500 |
Computer Systems Design and Related Services |
430 |
State Government, excluding schools and hospitals (OES Designation) |
380 |
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Career Video |
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Related Careers |
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Salaries |
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Related Majors & Degrees |
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Next Page >> |
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Interesting Fact |
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Daniel Webster, Abraham Lincoln, John Marshall and Stephen A. Douglas are among the most famous lawyers in American history, but none went to Law School. |
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Did you know... |
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MyPlan.com has over 150,000 pages of free articles that profile various careers, industries, colleges, and majors! |
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