Compensation Manager

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Work Tasks

• Decide how much money workers at a company should make
• Do surveys to see how much other companies pay workers for the same job
• Check government laws, company policies, and labor contracts to make sure pay is fair
• Decide when workers should get pay raises and keep records about the raises
• Work in offices for labor unions, schools, hospitals, banks, large stores, the government, personnel agencies, and other businesses
• Work with statistics, data, surveys, report forms, laws, labor contracts, and computers

Salary, Size & Growth

• $83,000 average per year ($40.00 per hour)
• A medium occupation (132,700 workers in 2010)
• Expected to grow moderately (0.8% per year)

Education/Training

• Minimum for Entry: A 4-year degree
• Employers Prefer: A 4-year degree in human resources specializing in benefits and compensation
• Skills/Courses: College courses include management, industrial psychology, human resource management, and compensation.
• Certification/Licensing: Certification is available after passing courses and tests.