What does a Compensation and Benefits Manager earn?

On average, compensation and benefits managers earn around $150,940 per year in the U.S.. They provide counsel to organisations on employee incentive programmes, salary structure, and other compensation-related issues. This role also requires keeping organised records of employee earnings and oversee regulatory compliance issues. A specialist in the area might focus on labour relations, job analysis, and public or private matters related to compensation and benefits.

How to earn more as a Compensation and Benefits Manager

To become a Compensation and Benefits Manager, you will need a degree in Human Resources, Industrial or Organizational Psychology or Business Management. Alternatively, you can go through a degree apprenticeship. To move up the career ladder, you can specialize in a particular area, such as benefits or labor law. You may also become a manager in a Human Resources department or become self-employed to provide compensation and benefits consulting services.