Compensation & benefits managers

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Total Workforce

16.8k

Average Age

46.5

Estimated Job Growth

5.06%

10-year projection

Average Salary

$81,592

Average Male Salary

$94,906

Average Female Salary

$76,959

About

Compensation & benefits managers are most often employed by the Insurance carriers & related activities industry. The average yearly wage for Compensation & benefits managers was $81,592 in 2016. The top 3 most similar occupations to Compensation & benefits managers by wage are Public relations specialists, Other financial clerks, and Market research analysts & marketing specialists.

Compensation & benefits managers are part of the Management occupations, along with General & operations managers, Advertising & promotions managers, Marketing & sales managers, Public relations & fundraising managers, Administrative services managers, Computer & information systems managers, Financial managers, Industrial production managers, Purchasing managers, Transportation, storage, & distribution managers, Compensation & benefits managers, Human resources managers, Training & development managers, Farmers, ranchers, & other agricultural managers, Construction managers, Education administrators, Architectural & engineering managers, Food service managers, Gaming managers, Lodging managers, Medical & health services managers, Natural sciences managers, Property, real estate, & community association managers, Social & community service managers, Emergency management directors, Miscellaneous managers, and Chief executives & legislators

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 & related activities 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 Motor vehicles & motor vehicle equipment manufacturing. Compensation & benefits managers are paid most in false but are relatively concentrated in false.

Wages

Yearly Wage

$81,592

AVERAGE SALARY

± $10,170

In 2017, Compensation & benefits managers earned an average of $81,592, $29,528 more than than the average national salary of $52,065.

Other financial clerks make somewhat more than Compensation & benefits managers while Public relations specialists 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

0.275

WAGE GINI

In 2017, Compensation & benefits managers had a wage GINI coefficient of 0.275, which is lower than than the national average of 0.479. 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 & related activities, Management, scientific & technical consulting services, and Hospitals.

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Industries by Share

16.8k

2017 Workforce

± 3,185

-7.35%

1 YEAR GROWTH

± 28.3%

The number of people employed as Compensation & benefits managers has been declining at a rate of -7.35%, from 18,167 people in 2016 to 16,831 people in 2017.

This graphic shows the share of Compensation & benefits managers employed by various industries. Insurance carriers & related activities employs the largest share of Compensation & benefits managers at  18.7%, followed by Management, scientific & technical consulting services with 6.56% and Hospitals with 6.53%.

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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 43.6 and of female Compensation & benefits managers is 47.5, and the most common race/ethnicity for Compensation & benefits managers is White.

Gender Composition

4.35k

MALE WORKFORCE

± 1,618

12.5k

FEMALE WORKFORCE

± 2,743

74.2% 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

  2. Black

  3. Two or More Races

87.5% of Compensation & benefits managers are White, making that the most common race or ethnicity in the occupation. Representing 6.1% of Compensation & benefits managers, Black 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

43.6

AVERAGE MALE AGE

± 3.88

47.5

AVERAGE FEMALE AGE

± 2.31

The median age of Compensation & benefits managers is 46.5, and Male employees are generally 3.93 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 Communications.

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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Growth Projections

Projections on wages and job growth for Compensation & benefits managers from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Compensation & benefits managers are expected to see a growth of 5.06% over the same period. This occupation is expected to grow slower than the national average.

Job Growth

5.06%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Compensation & benefits managers. This profession is expected to grow lower than 7.4%, the average rate of national job growth.

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