Benefits November 26, 2001

Compensation Pros Fare Better

November 26, 2001(PLANSPONSOR.com) - HR professionals who specialize in compensation continue to take home paychecks that are almost 3% fatter than those of their colleagues who hold mixed or benefits-only job titles, a new survey finds.
Reported by

According to the 2001 Human Resource Management Compensation Survey, conducted by William M Mercer and the Society for Human Resource Management:

  • a top corporate compensation executive earns $133,000 per annum,
  • while a benefits executive at the same level earns per year $129,300

In addition, at the lower levels

  • compensation managers earn more $90,000, while
  • while compensation and benefits managers earn $85,600, and
  • benefits managers earn $84,100

The research also shows that compensation managers have been paid between 6.2% and 7.5% more than benefits managers over the last three years.

The pattern continues in pay raises, with benefits clerks, benefits analysts and compensation analysts, the HR jobs with the smallest salaries, receiving the smallest raises – 2% or less. In comparison, top executives received the largest pay hike – 7.4% in 2001.

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