Compensation & benefits managers

Detailed Occupation

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2023 Workforce

20.9k

Average Age

46.6

Estimated Job Growth

2.09%

10-year projection

Average Salary

$114,879

Average Male Salary

$145,953

Average Female Salary

$105,274

About

Compensation & benefits managers are most often employed by the uninformed industry. The average yearly wage for Compensation & benefits managers was $114,879 in 2023.

The locations that employ the most Compensation & benefits managers are Cuyahoga County (East)--Shaker Heights, Solon, Mayfield Heights & Lyndhurst Cities PUMA, OH and Lake County (East Central)--Warren, Shields & Libertyville (North & West) Townships PUMA, IL. The locations with a relatively high concentration of Compensation & benefits managers are Philadelphia City (North) PUMA, PA, York County (Central)--York City & Shiloh PUMA, PA, and Tulsa County (West)--Tulsa & Sand Springs Cities PUMA, OK.

Management occupations Management, business, & financial occupations Management, business, science, & arts occupations

Employment and salary information for the Compensation & benefits managers workforce. Compensation & benefits managers workforce in 2023 was 20,921 people, of which 76.4% were women and 23.6% were men. Compensation & benefits managers are paid most in Lake County (East Central)--Warren, Shields & Libertyville (North & West) Townships PUMA, IL but are relatively concentrated in Philadelphia City (North) PUMA, PA.

Employment Over Time

Metric

Grouping

4,940

Male Workforce

± 1.73k

15,981

Female Workforce

± 3.1k

The Compensation & benefits managers workforce in 2023 was 20,921 people (76.4% women and 23.6% men). This implies an average annual growth of 33.2% between 2014 (15,701) and 2023 (20,921).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Compensation & benefits managers.

During 2023, the states that concentrated the best average annual wage were California ($169,830), Washington ($150,822), and Minnesota ($144,614).

Yearly Wage Ranking

$114,879

AVERAGE WAGE

#46 in the ranking (2023)

$67,727

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2023, Compensation & benefits managers earned an average of $114,879, $47,152 more than the average national salary of $67,727

The graph shows the ranking of Compensation & benefits managers in relation to all Detailed Occupation in 2023.

Wage Distribution

Gender

0.33

WAGE GINI

In 2023, Compensation & benefits managers had a wage GINI coefficient of 0.33, which is lower than the national average of 0.476. In other words, wages are distributed more evenly for Compensation & benefits managers (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Compensation & benefits managers compared to the entire workforce in the country.

Industry

Information on the industries that employ Compensation & benefits managers and on wages for those in the field. uninformed is the industry that employs the most Compensation & benefits managers, both by share and by number, though the highest paid industry for Compensation & benefits managers, by average wage, is Other professional, scientific & technical services ($402,114).

Occupations by Industries

Metric

Value

20.9k

2023 Workforce

± 3,551

1.4%

1 YEAR GROWTH

± 23.8%

This graphic shows the share of Compensation & benefits managers employed by various industries. uninformed employs the largest share of Compensation & benefits managers at 37.1%, followed by Insurance carriers with 25.2% and Agencies, brokerages, and other insurance related activities with 22.5%.

Diversity

Demographic information on Compensation & benefits managers in the US. The workforce of Compensation & benefits managers in 2023 was 20,921 people, with 76.4% woman, and 23.6% men. The average age of male Compensation & benefits managers in the workforce is 44.5 and of female Compensation & benefits managers is 47.2, and the most common race/ethnicity for Compensation & benefits managers is White.

Gender and Age

Metric

The workforce of Compensation & benefits managers in 2023 was 20,921 people, with 76.4% woman, and 23.6% men.

The age ranges that concentrated the largest workforce were 50 to 54 years (3,216 people), 55 to 59 years (3,081 people), and 45 to 49 years (2,948 people). Among them they concentrated 45.1% of the total workforce.

Ethnicity

Gender

In 2023, 11.3% of Compensation & benefits managers workers were Hispanic and 88.7% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (54.1%), Puerto Rican (41.9)%, and Cuban (3.93)%

You can review this information by gender using the selectors above.

Races

In 2023, 73.2% of the Compensation & benefits managers workforce were White, of which 77.3% were women and 22.7% men. Other races that concentrated a significant number of workers were Black (9.78%) and Two or More Races (8.47%).

Education & Skills

Data on higher education choices for Compensation & benefits managers from The Department of Education and Census Bureau. The most common major for Compensation & benefits managers is Business but the most specialized major according to RCA in 2023 were Business.

Among the necessary skills for Compensation & benefits managers, Reading Comprehension stands, but the revealed comparative advantage (RCA) shows that Compensation & benefits managers need more than the average amount of Management of Financial Resources.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

Type of Majors

Degree

The most common majors achieved by Compensation & benefits managers in 2023 (counting all academic degrees) were Business (6,859 people), Psychology (1,358 people), and Social Sciences (1,351 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Compensation & benefits managers workers were Bachelors Degree (10,499 people), Graduate Degree (4,603 people), and Some college (2,611 people).

The graphic shows the Compensation & benefits managers workforce by gender and educational level.

Skills

Chart

Value

Data on the critical and distinctive skills necessary for Compensation & benefits managers from the Bureau of Labor Statistics. Compensation & benefits managers need many skills, but most especially Reading Comprehension, Active Listening, Writing.

Projections

Projections on job growth for Compensation and Benefits Managers from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 4.02%, but Compensation and Benefits Managers are expected to see a growth of 2.09% over the same period. This occupation is expected to grow less than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Compensation and Benefits Managers.

2.09%

Estimated Job Growth

10-year Projection

4.02%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Compensation & benefits managers. This profession is expected to grow less than than 4.02%, the average rate of national job growth.