Compensation And Benefits Managers

28/05/2012 20:41:00 // Careers | Compensation And Benefits Managers

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Compensation managers plan, direct, and coordinate how and how much an organization pays its employees. Benefits managers do the same for retirement plans, health insurance, and other benefits an organization offers its employees.

Work Environment

Compensation and benefits managers work throughout the economy. They typically work in offices and may work long hours.

How to Become a Compensation or Benefits Manager

Candidates need a combination of education and related work experience to become a compensation and benefits manager. Although most positions require at least a bachelor’s degree, some require a master’s degree.

Pay

The median annual wage of compensation and benefits managers was $89,270 in May 2010.

Job Outlook

Employment of compensation and benefits managers is expected to grow 3 percent from 2010 to 2020, slower than the average for all occupations. Continued contracting out of compensation and benefits work is expected to result in slow employment growth. Candidates will face competition for jobs.

Similar Occupations

Compare the job duties, education, job growth, and pay of compensation and benefits managers with similar occupations.

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