Compensation and Benefits Managers Jobs Pay in Michigan, MI
Average Hourly Pay
$81.35
154.2%Above national average
Range: $77.48 – $85.23
Average Annual Pay
$169,216
154.2%Above national average
Range: $161,158 – $177,274
How much do Compensation and Benefits Managers make?
Your level of experience is a key factor in determining your earning potential. Here's what you can expect at different career stages:
Entry Level
0-2 years
Hourly Rate
$69.15/hr
Range: $65.86 – $72.45
Annual Rate
$143,834
Range: $136,984 – $150,683
Mid level
3-5 years
Hourly Rate
$81.35/hr
Range: $77.48 – $85.23
Annual Rate
$169,216
Range: $161,158 – $177,274
Senior level
6+ years
Hourly Rate
$93.55/hr
Range: $89.10 – $98.01
Annual Rate
$194,598
Range: $185,332 – $203,865
Compensation and Benefits Managers job description
Compensation and Benefits Managers professionals lead teams and departments to achieve organizational goals. They develop strategies, manage resources, and ensure operational excellence while fostering employee development.
Responsibilities
- •Lead and supervise team members
- •Develop and implement strategies
- •Manage budgets and resources
- •Set goals and monitor performance
- •Make decisions and solve problems
- •Report to senior leadership
Skills
- •Leadership and team building
- •Strategic planning
- •Communication and negotiation
- •Problem-solving
- •Financial acumen
- •Decision-making
Qualifications
- •Bachelor's degree in related field
- •Several years of relevant experience
- •Proven leadership track record
- •Industry-specific knowledge
