Find Schools

Study Area & Zipcode

Compensation and Benefits Managers

Find Schools Near

All About Compensation and Benefits Managers

Job Description: Plan, direct, or coordinate compensation and benefits activities of an organization.

Life as a Benefits Manager: What Do They Do?

  • Represent organization at personnel-related hearings and investigations.
  • Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
  • 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.
  • Contract with vendors to provide employee services, such as food services, transportation, or relocation service.
  • Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.

Qualities of a Benefits Manager

Below is a list of the skills most Compensation and Benefits Managers say are important on the job.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking: Talking to others to convey information effectively.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

  • Payroll Manager
  • Benefits Administrator
  • Account Manager
  • Employee Benefits Coordinator
  • Employee Benefits Director

Job Outlook for Compensation and Benefits Managers

There were about 15,800 jobs for Compensation and Benefits Managers in 2016 (in the United States).

New jobs are being produced at a rate of 5% which is lower than average. The Bureau of Labor Statistics predicts 800 new jobs for Compensation and Benefits Managers by 2026. The BLS estimates 1,200 yearly job openings in this field per year.

Forecasted Number of Jobs for Compensation and Benefits Managers in U.S.

The states with the most job growth for Compensation and Benefits Managers are California, New York, and Florida.

Watch out if you plan on working in Rhode Island, North Dakota, or New Mexico. These states have the worst job growth for this type of profession.

How Much Does a Benefits Manager Make?

The typical yearly salary for Compensation and Benefits Managers is somewhere between $70,560 and $205,470. The median salary for this occupation is $121,010.

Salary Ranges for Compensation and Benefits Managers

How much do Compensation and Benefits Managers make in each U.S. state?

Annual Mean Salary by State
State Annual Mean Salary

New Jersey

$174,730

Delaware

$174,380

Connecticut

$164,240

New York

$161,950

Colorado

$155,570

California

$150,480

Maryland

$149,160

Virginia

$148,800

Pennsylvania

$144,320

Washington

$143,180

Minnesota

$139,350

District of Columbia

$136,050

Michigan

$133,450

Massachusetts

$131,250

North Carolina

$128,400

Ohio

$128,020

Missouri

$126,480

Illinois

$126,470

Georgia

$125,710

New Hampshire

$123,170

Nevada

$121,620

New Mexico

$119,050

Nebraska

$118,870

Texas

$118,400

West Virginia

$117,970

Wisconsin

$114,280

Iowa

$113,390

Kansas

$112,330

Alabama

$108,580

Florida

$108,330

Oregon

$108,130

Maine

$106,200

Arizona

$105,980

Oklahoma

$104,800

Arkansas

$103,740

Indiana

$102,850

Tennessee

$102,550

South Carolina

$102,540

Alaska

$101,670

Utah

$100,330

Kentucky

$95,820

Idaho

$87,100

Mississippi

$86,740

Louisiana

$84,970

What Tools do Compensation and Benefits Managers Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Compensation and Benefits Managers:

  • Oracle E-Business Suite
  • Microsoft SharePoint
  • IBM Notes
  • Brainworks
  • Enterprise resource planning ERP software
  • ADP Workforce Now
  • Microsoft Office
  • Intuit QuickBooks
  • Microsoft Project
  • Microsoft Word

Where Compensation and Benefits Managers Work

Benefits Manager Sectors

You May Also Be Interested In…

Are you already one of the many Compensation and Benefits Managers in the United States? If you’re thinking about changing careers, these fields are worth exploring:

  • Accountants
  • Regulatory Affairs Managers
  • Financial Managers, Branch or Department

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

Find Schools Near You

Our free school finder has matched thousands of students with colleges.