Median pay
$140,360
Median annual pay for Compensation and Benefits Managers.
U.S. Bureau of Labor Statistics · 2024
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Management
Compensation and Benefits Managers
Plan, direct, or coordinate compensation and benefits activities of an organization.
10-year growth
0.2%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Annual openings
1,500
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Employment
20,900
Estimated U.S. employment for Compensation and Benefits Managers in 2024.
U.S. Bureau of Labor Statistics · 2024
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Jobs added or lost
0
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Entry preparation
Bachelor's degree
Typical additional preparation: 5 years or more of related work experience.
U.S. Bureau of Labor Statistics · 2024 profile
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O*NET occupation profile
What the work involves
Strongest O*NET signals first.
Essential skills
- 1Active Listening
- 2Reading Comprehension
- 3Speaking
- 4Writing
- 5Critical Thinking
- 6Active Learning
Knowledge areas
- 1Personnel and Human Resources
- 2English Language
- 3Administration and Management
- 4Customer and Personal Service
- 5Economics and Accounting
- 6Mathematics
Abilities
- 1Oral Comprehension
- 2Oral Expression
- 3Written Comprehension
- 4Written Expression
- 5Problem Sensitivity
- 6Speech Clarity
Career interests
- 1Enterprising
- 2Conventional
- 3Social
- 4Investigative
- 5Artistic
- 6Realistic
Work styles
- 1Dependability
- 2Attention to Detail
- 3Integrity
- 4Leadership Orientation
- 5Cautiousness
- 6Cooperation
Work activities
- 1Communicating with Supervisors, Peers, or Subordinates
- 2Establishing and Maintaining Interpersonal Relationships
- 3Getting Information
- 4Working with Computers
- 5Making Decisions and Solving Problems
- 6Evaluating Information to Determine Compliance with Standards
Work context
- 1E-Mail
- 2Telephone Conversations
- 3Spend Time Sitting
- 4Face-to-Face Discussions with Individuals and Within Teams
- 5Determine Tasks, Priorities and Goals
- 6Contact With Others
Representative tasks
- Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
- Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
- Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
- Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
- Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
- Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
- Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
Software and tools
Workday software · in demandMicrosoft Excel · in demandMicrosoft Office software · in demandMicrosoft PowerPoint · in demandOracle HRIS · in demandIntuit QuickBooks · hot technologyMicrosoft Outlook · hot technologyMicrosoft Project · hot technologyMicrosoft SharePoint · hot technologyMicrosoft SQL Server · hot technologyMicrosoft Visio · hot technologyMicrosoft Word · hot technology
Sources
BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.