Compensation / Benefits Manager
What Does a Professional in this Career Do?
A Compensation or Benefits Manager manages compensation and benefits systems and records for an organization or company. Determines pay structure and job classifications for company employees. Supervises payroll, accounting of employee benefits, and payout of benefits such as pensions or disability insurance.
Job Outlook
There were 1409 Compensation / Benefits Manager job postings in North Carolina in the past year and 43813 in the United States.
In combination with other careers in the Compensation / Benefits Manager industry, which includes the Compensation / Benefits Manager career, the following graph shows the number of people employed for each year since 2015:
Salary
Many new Compensation / Benefits Manager jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.
National
The average estimated salary in the United States for this career, based on job postings in the past year, is $126,244.
State
The average estimated salary in North Carolina for this career, based on job postings in the past year, is $125,328.
Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Compensation / Benefits Manager postings in the United States in the past year were lower than $89,126.
Education and Experience
Posted Compensation / Benefits Manager jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.
| Education Level | Percentage |
|---|---|
| Associate's Degree | 0% |
| Bachelor's Degree | 41.26% |
| Master's Degree | 12.68% |
| Doctoral Degree | 1.95% |
| Other | 9.48% |
Posted Compensation / Benefits Manager jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.
| Years of Experience | Percentage |
|---|---|
| 0 to 2 years | 23.76% |
| 3 to 5 years | 49.09% |
| 6 to 8 years | 18.95% |
| 9+ years | 8.2% |
Skills
Below are listings of the most common general and specialized skills Compensation / Benefits Manager positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.
Baseline Skills
A skill that is required across a broad range of occupations, including this one.
- Communication (35.47%)
- Management (26.75%)
- Leadership (22.45%)
- Customer Service (22.45%)
- Sales (17.67%)
- Problem Solving (17.65%)
- Microsoft Excel (16.31%)
- Operations (15.26%)
- Detail Oriented (12.85%)
- Presentations (12.57%)
Necessary Skills
A skill that is requested frequently in this occupation but isn’t specific to it.
- Accounting (13.55%)
- Billing (17.31%)
- Auditing (20.63%)
- Benefits Administration (10.71%)
- Benchmarking (5.6%)
- Finance (21.84%)
- Human Resources Information System (HRIS) (12.41%)
- Data Analysis (10.15%)
- Job Evaluation (2.29%)
- Marketing (25.29%)
- Project Management (30.07%)
Distinguishing Skills
A skill that may distinguish a subset of the occupation.
- Benefits Strategies (2.07%)
- Patient Financial Assistance (6.61%)
- Managed Markets (5.12%)
- Employee Retirement Income Security Act (7.14%)
Salary Boosting Skills
A professional who wishes to excel in this career path may consider developing the following highly valued skills. The percentage of job postings that specifically mention each skill is listed.
- Benefits Strategies (28.82%)
- Managed Markets (71.18%)
Alternative Job Titles
Sometimes employers post jobs with Compensation / Benefits Manager skills but a different job title. Some common alternative job titles include:
- Field Reimbursement Manager
- Benefits Manager
- Compensation Manager
- Employee Benefits Account Manager
- Shift Manager
- Total Rewards Manager
- Compensation and Benefits Manager
- Access and Reimbursement Manager
- Sales Compensation Manager
- Benefits Account Manager
Similar Occupations
If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.
- Director of Compensation / Benefits
- Compensation / Benefits Specialist
- Compensation / Benefits Analyst
- Vice President (General)
- Business / Management Consultant
Common Employers
Here are the employers that have posted the most Compensation / Benefits Manager jobs in the past year along with how many they have posted.
United States
- Arby's (1320)
- Bausch Health (1017)
- Sanofi (846)
- Nsa Agency (564)
- Johnson & Johnson (531)
- Amazon (398)
- Britt Medical Search (374)
- Linde (345)
- GPAC (335)
- Hub International (316)
North Carolina
- Arby's (137)
- Archway Physician Recruitment (32)
- Bausch Health (32)
- Nsa Agency (30)
- Truist Financial (24)
- Sanofi (18)
- Equitable (17)
- Summit Recruiting Services, LLC. (17)
- Johnson & Johnson (16)
- Papa John's (15)
NC State Programs Relevant to this Career
If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!
All wages, job posting statistics, employment trend projections, and information about skill desirability on this page represents historical data and does not guarantee future conditions. Data is provided by and downloaded regularly from Lightcast. For more information about how Lightcast gathers data and what it represents, see Lightcast Data: Basic Overview on Lightcast's Knowledge Base website.