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Compensation and Benefits Manager

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AVG. SALARY

$121,010

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Stable

Money & Outlook

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Oklahoma Earnings

Average Annual Wage

$121,010

Entry Annual Wage

$71,990

Experienced Annual Wage

$184,420

Average Hourly Wage

$58.18

Entry Hourly Wage

$34.61

Experienced Hourly Wage

$88.66

Median Hourly Wage

$51.98

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Oklahoma City MSA $113,570 or $54.60/hr $71,990 or $34.61/hr $165,120 or $79.38/hr
Tulsa MSA $137,020 or $65.88/hr $76,910 or $36.97/hr $197,380 or $94.90/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 4%
Job Openings 20 estimated annual job openings
Employment 240 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Tulsa MSA 90 0% 1 N/A 7
Oklahoma City MSA 60 17% N/A 5

National Earnings

Average Annual Wage

$143,140

Average Hourly Wage

$68.82

Average Annual Range

$77,230 to $217,650

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2021 to 2031 is estimated to be +2%.
(The National average for all occupations is +5%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
Employment very small occupation
  This was a very small occupation in the United States, employing 15,700 workers in 2021.
(The National average for all occupations is 142,207 workers)
Growth Slower than average growth
  Organizations continue to focus on reducing compensation and benefits costs. Many firms have attempted to reduce costs by introducing various strategies, such as pay-for-performance and health and wellness programs. Organizations will need managers to evaluate and direct these compensation and benefits policies and plans. However, many organizations contract out a portion of their compensation and benefits functions to human resources consulting firms in order to reduce costs and gain access to technical expertise. These consulting firms can automate tasks and operate call centers to handle employee questions, thereby reducing the need for compensation and benefits managers. 
Industries Large concentrations of this occupation are found in these industries
  • Management of companies and enterprises (NAICS550000) (24.7%)
  • Management of companies and enterprises (NAICS551000) (24.7%)
  • Finance and insurance (NAICS520000) (18.1%)
  • Professional, scientific, and technical services (NAICS540000) (14.7%)
  • Insurance carriers and related activities (NAICS524000) (12.2%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (7.3%)
  • Educational services (NAICS610000) (7.1%)
  • Health care and social assistance (NAICS620000) (6.4%)

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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