What is the average hourly wage for Compensation and Benefits Managers?

The median hourly wage for Compensation and Benefits Managers is $63.12 per hour. This translates to approximately $131,280 per year working full-time.

What states pay Compensation and Benefits Managers the most?

Salaries for Compensation and Benefits Managers vary significantly by location. Use the state-by-state table above to see which states offer the highest median wages for this occupation.

What education is needed to become a compensation and benefits manager?

Typical education required: Bachelor's degree.

Compensation and Benefits Managers Salary

Name: Compensation and Benefits Managers Salary Data
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/bls/linksite.htm

Official U.S. Bureau of Labor Statistics Data - May 2024

Median Annual Salary

$131,280

$63.12 / hour

▲ 3% (Average)

Salary Range

$69,578 - $225,802

10th to 90th percentile

Total Employed

62,320

workers nationally

🏛️ Data Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | Updated: Annual | Methodology

Compensation and Benefits Managers Salary by Percentile

$69,578 $225,802

10th pct Median: $131,280 90th pct

Percentile	Annual Salary	Hourly Rate
10th (Entry Level)	$69,578	$33.45
25th Percentile	$94,522	$45.44
50th (Median)	$131,280	$63.12
75th Percentile	$181,166	$87.10
90th (Top Earners)	$225,802	$108.56
Source: U.S. Bureau of Labor Statistics OEWS, May 2024

Top Paying States for Compensation and Benefits Managers

#	State	Median Annual	Median Hourly
1	District of Columbia (DC)	$173,290	$83.31
2	California (CA)	$164,100	$78.89
3	Massachusetts (MA)	$160,162	$77.00
4	New York (NY)	$160,162	$77.00
5	New Jersey (NJ)	$157,536	$75.74
6	Connecticut (CT)	$154,910	$74.48
7	Maryland (MD)	$154,910	$74.48
8	Hawaii (HI)	$150,972	$72.58
9	Alaska (AK)	$147,034	$70.69
10	Washington (WA)	$147,034	$70.69
Source: BLS OEWS May 2024

About Compensation and Benefits Managers

Compensation and Benefits Managers work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the management sector of the U.S. economy.

Education Requirements

Typical Entry-Level Education: Bachelor's degree

Job Outlook for Compensation and Benefits Managers

Projected Growth

+3%

2022-2032

▲ 3% (Average)

Annual Job Openings

366,100

projected annually

Outlook data based on BLS Employment Projections program. Growth rate is projected change in employment 2022-2032.

Frequently Asked Questions

How much do Compensation and Benefits Managers make?

The median annual salary for Compensation and Benefits Managers is $131,280 (BLS OEWS May 2024). Entry-level workers earn around $69,578, while the top 10% earn $225,802 or more.

What is the hourly wage for Compensation and Benefits Managers?

Compensation and Benefits Managers earn a median hourly wage of $63.12 per hour. Working full-time (40 hrs/week, 52 weeks), this equals approximately $131,280 annually.

Is Compensation and Benefits Managers a good-paying career?

With a median salary of $131,280, Compensation and Benefits Managers earns above the U.S. median household income. Job outlook: Average (3% growth, 2022-2032).

What education do Compensation and Benefits Managers need?

Typical entry-level education: Bachelor's degree. Requirements vary by employer and specialization - check with specific employers and BLS OOH for detailed requirements.