Compensation and Benefits Manager

Money & Outlook

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National Earnings

Average Annual Wage

$162,640

Average Hourly Wage

$78.19

Average Annual Range

$89,160 to $256,570

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 2024 to 2034 is estimated to be +0%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
Employment small occupation
  This was a small occupation in the United States, employing 20,900 workers in 2024.
(The National average for all occupations is 152,838 workers)
Growth Slower than average growth
  Organizations continue to focus on reducing compensation and benefits costs, such as by introducing pay-for-performance and health and wellness programs. Organizations will need managers to evaluate and direct these compensation and benefits policies and plans. However, organizations may 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. 
Industries Large concentrations of this occupation are found in these industries
  • Management of companies and enterprises (NAICS551000) (20.2%)
  • Finance and insurance (NAICS520000) (19.6%)
  • Insurance carriers and related activities (NAICS524000) (13.5%)
  • Professional, scientific, and technical services (NAICS540000) (12.5%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (8.8%)
  • Educational services (NAICS610000) (6.7%)
  • Health care and social assistance (NAICS620000) (6.3%)