Compensation & benefits managers

Detailed Occupation

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2024 Workforce

22k

Average Age

46.5

Estimated Job Growth

10-year projection

Average Salary

$118,217

Average Male Salary

$147,183

Average Female Salary

$109,317

About

Compensation & benefits managers are most often employed by the Agencies, brokerages, and other insurance related activities industry. The average yearly wage for Compensation & benefits managers was $118,217 in 2024.

The locations that employ the most Compensation & benefits managers are Atlanta Regional Commission (Northwest)--Cobb County (Southeast)--Smyrna City PUMA, GA, Volusia County (Southwest Central)--Deltona & Lake Helen Cities PUMA, FL, and Cook County (North)--Wheeling Township (North & East) PUMA, IL. The locations with a relatively high concentration of Compensation & benefits managers are Philadelphia City (North) PUMA, PA, Tulsa County (West)--Tulsa & Sand Springs Cities PUMA, OK, and York County (Central)--York City & Shiloh PUMA, PA.

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

Employment

Employment and salary information for the Compensation & benefits managers workforce. Compensation & benefits managers workforce in 2024 was 22,023 people, of which 76.5% were women and 23.5% were men. Compensation & benefits managers are paid most in Fairfax County (Central)--Fairfax City & Burke PUMA, VA but are relatively concentrated in Philadelphia City (North) PUMA, PA.

Employment Over Time

Metric

Grouping

5,176

Male Workforce

± 1.77k

16,847

Female Workforce

± 3.19k

The Compensation & benefits managers workforce in 2024 was 22,023 people (76.5% women and 23.5% men). This implies an average annual growth of 40.3% between 2014 (15,701) and 2024 (22,023).

Employment by Location

Level

Metric

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

During 2024, the states that concentrated the best average annual wage were California ($167,606), Minnesota ($150,850), and Washington ($143,894).

Yearly Wage Ranking

$118,217

AVERAGE WAGE

#34 in the ranking (2014)

$69,878

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2024, Compensation & benefits managers earned an average of $118,217, $48,339 more than the average national salary of $69,878

The graph shows the ranking of Compensation & benefits managers in relation to all Detailed Occupation in 2014.

Wage Distribution

Gender

0.331

WAGE GINI

In 2024, Compensation & benefits managers had a wage GINI coefficient of 0.331, which is lower than the national average of 0.474. 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. Agencies, brokerages, and other insurance 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 Other professional, scientific & technical services ($427,033).

Occupations by Industries

Metric

Value

22k

2024 Workforce

± 3,643

5.27%

1 YEAR GROWTH

± 22.5%

This graphic shows the share of Compensation & benefits managers employed by various industries. Agencies, brokerages, and other insurance related activities employs the largest share of Compensation & benefits managers at 30.1%, followed by Insurance carriers with 27.4% and Management, scientific & technical consulting services with 22.2%.

Diversity

Demographic information on Compensation & benefits managers in the US. The workforce of Compensation & benefits managers in 2024 was 22,023 people, with 76.5% woman, and 23.5% men. The average age of male Compensation & benefits managers in the workforce is 44 and of female Compensation & benefits managers is 47.3, and the most common race/ethnicity for Compensation & benefits managers is White.

Gender and Age

Metric

The workforce of Compensation & benefits managers in 2024 was 22,023 people, with 76.5% woman, and 23.5% men.

The age ranges that concentrated the largest workforce were 50 to 54 years (3,574 people), 45 to 49 years (3,102 people), and 35 to 39 years (2,845 people). Among them they concentrated 44.3% of the total workforce.

Ethnicity

Gender

In 2024, 10.7% of Compensation & benefits managers workers were Hispanic and 89.3% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (51.5%), Puerto Rican (38)%, and All Other Spanish/Hispanic/Latino (5.75)%

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

Races

In 2024, 72.7% of the Compensation & benefits managers workforce were White, of which 76.8% were women and 23.2% men. Other races that concentrated a significant number of workers were Two or More Races (9.77%) and Black (9.3%).

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 2024 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 2024 (counting all academic degrees) were Business (6,943 people), Psychology (1,465 people), and Social Sciences (1,387 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 (10,823 people), Graduate Degree (5,017 people), and Some college (2,616 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 3.07%, but Compensation and Benefits Managers are expected to see a growth of 0% 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.

Estimated Job Growth

10-year Projection

3.07%

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 3.07%, the average rate of national job growth.