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Compensation and Benefits Managers

Compensation and Benefits Managers
Quick Facts : Compensation and Benefits Managers*
2010 Median Pay$89,270
Entry Level EducationBachelor's degree
Work Experience in Related OccupationNone
Number of Jobs, 201231,800
Job Outlook3% (Slower than average)
Employment Change900


Compensation managers plan, direct, and coordinate how and how much an organization pays its employees. Benefits managers do the same for retirement plans, health insurance, and other benefits an organization offers its employees.

What Compensation and Benefits Managers Do

Compensation managers plan, direct, and coordinate how and how much an organization pays its employees. Benefits managers do the same for retirement plans, health insurance, and other benefits an organization offers its employees.

Work Environment

Compensation and benefits managers work throughout the economy. They typically work in offices and may work long hours.
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Job Outlook

Employment of compensation and benefits managers is expected to grow 3 percent from 2010 to 2020, slower than the average for all occupations. Continued contracting out of compensation and benefits work is expected to result in slow employment growth. Candidates will face competition for jobs.
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Pay

The median annual wage of compensation and benefits managers was $89,270 in May 2010.
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Compensation and Benefits Managers*
Average Annual Salary, May 2010

Compensation and Benefits Managers

89270

Business Occupations

58154.0909

All Jobs in the U.S.

52312.5223
Compensation and Benefits Managers*
Percent Change in Employment

Compensation and Benefits Managers

2.83019

Business Occupations

9.55203445933082

All Jobs in the U.S.

15.767561808929724

Becoming a Compensation and Benefits Managers

Candidates need a combination of education and related work experience to become a compensation and benefits manager. Although most positions require at least a bachelor's degree, some require a master's degree.
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