Compensation & benefits managers

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2019 Workforce
18.1k
Average Age
48
Estimated Job Growth
2.22%
10-year projection
Average Salary
$90,470
Average Male Salary
$113,815
Average Female Salary
$83,506

About

Compensation & benefits managers are most often employed by the Insurance carriers industry. The average yearly wage for Compensation & benefits managers was $90,470 in 2016. The top 3 most similar occupations to Compensation & benefits managers by wage are Computer systems analysts, Sales representatives of services, except advertising, insurance, financial services, and travel, and Locomotive engineers & operators.

The top 3 locations that employ the most Compensation & benefits managers are . The top 3 locations with a relatively high concentration of Compensation & benefits managers are .

Employment

Information on the businesses and industries that employ Compensation & benefits managers and on wages and locations for those in the field. Insurance carriers 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 Computer Systems Design. Compensation & benefits managers are paid most in false but are relatively concentrated in false.

Wages

Yearly Wage

$90,470
AVERAGE SALARY
± $10,082

In 2019, Compensation & benefits managers earned an average of $90,470, $34,946 more than than the average national salary of $55,524.

Locomotive engineers & operators make somewhat more than Compensation & benefits managers while Computer systems analysts make somewhat less. This chart shows the various occupations closest to Compensation & benefits managers as measured by average annual salary in the US.

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Wage Distribution

0.304
WAGE GINI

In 2019, Compensation & benefits managers had a wage GINI coefficient of 0.304, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Compensation & benefits managers (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Compensation & benefits managers.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Compensation & benefits managers.

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Industries

Most Common

The most common industries employing Compensation & benefits managers, by number of employees, are Insurance carriers, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, and Computer Systems Design.

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Highest Paying

The highest paying industries for Compensation & benefits managers, by average wage, are Computer Systems Design, Offices of physicians, and Electronic shopping and mail-order houses.

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Industries by Share

18.1k
2019 Workforce
± 3,301
−9.14%
1 YEAR GROWTH
± 27.8%

The number of people employed as Compensation & benefits managers has been declining at a rate of −9.14%, from 19,898 people in 2018 to 18,079 people in 2019.

This graphic shows the share of Compensation & benefits managers employed by various industries. Insurance carriers employs the largest share of Compensation & benefits managers at  8.91%, followed by General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals with 4.81% and Computer Systems Design with 4.32%.

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Diversity

Demographic information on Compensation & benefits managers in the US. The average age of male Compensation & benefits managers in the workforce is 47.3 and of female Compensation & benefits managers is 48.2, and the most common race/ethnicity for Compensation & benefits managers is White (Non-Hispanic).

Gender Composition

4.15k
MALE WORKFORCE
± 1,582
13.9k
FEMALE WORKFORCE
± 2,897

77% of Compensation & benefits managers are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Compensation & benefits managers.

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Race & Ethnicity

Most Common Race or Ethnicity of Compensation & benefits managers
  1. White (Non-Hispanic)
  2. Black (Non-Hispanic)
  3. White (Hispanic)

75.1% of Compensation & benefits managers are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 13.1% of Compensation & benefits managers, Black (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Compensation & benefits managers.

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Age by Gender

47.3
AVERAGE MALE AGE
± 4.65
48.2
AVERAGE FEMALE AGE
± 2.21

The median age of Compensation & benefits managers is 48, and Male employees are generally 0.94 years younger than than their Female counterparts.

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Education

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 a relatively high number of Compensation & benefits managers hold a major in Business.

Majors

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

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 Active Listening, Reading Comprehension, and Speaking. The revealed comparative advantage (RCA) shows that Compensation & benefits managers need more than the average amount of Management of Financial Resources, Operations Analysis, and Management of Personnel Resources.

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Bar Chart

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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 3.71%, but Compensation and Benefits Managers are expected to see a growth of 2.22% 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.
2.22%
Estimated Job Growth
10-year Projection
3.71%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Compensation and Benefits Managers. This profession is expected to grow less than than 3.71%, the average rate of national job growth.

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