Benefits managers: Salary, career path, job outlook, education and more
Benefits managers administer a companys employee benefits program, which may include retirement plans, leave policies, wellness programs, and insurance policies such as health, life, and disability. They select benefits vendors and manage enrollment, renewal, and delivery of benefits to the organizations employees. They frequently monitor government regulations and market trends to ensure that their programs are current, competitive, and legal.
- Education Required
- Compensation and benefits managers typically need a bachelors degree for most positions. Managers usually need a bachelors degree in human resources, business administration, business management, finance, or a related field.
- Job Outlook
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The projected percent change in employment from 2016 to 2026: 5% (As fast as average)
(The average growth rate for all occupations is 7 percent.) - Licenses/Certifications
- Although compensation and benefits managers are not legally required to be certified, certification can show expertise and credibility. Employers may prefer to hire candidates who are certified, and some positions may require certification.
- Median pay: How much do Compensation and Benefits Managers make?
- $116,240 Annual Salary
- $55.89 per hour
Careers for Compensation and Benefits Managers
- Compensation directors
- Compensation managers
- Employee benefits coordinators
- Employee benefits directors
- Employee benefits managers
- Managers
- Wage and salary administrators