Average Compensation and Benefits Managers Salary in Florida
Compensation and Benefits Managers in Florida earn an average annual salary of $125,240. This figure is notably below the national average of $160,420, suggesting that while the demand exists, the compensation structure in Florida may differ. Local economic factors and industry concentrations likely influence this pay differential.
Executive Summary
- Average Salary: $125,240 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $201,550.
- Outlook: With a total local workforce of 1,480 Compensation and Benefits Managers, Florida presents a moderately sized market for these professionals. The Location Quotient of 1.15 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not overwhelmingly robust, demand for talent in this sector within the state.
Salary Overview
The average Compensation and Benefits Managers in Florida earns-21.9%below the national average.
$60.2
$2,408
$10,437
Compensation and Benefits Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Compensation and Benefits Managers in Florida have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by evolving compensation strategies, increased focus on employee benefits, and the need for specialized expertise in managing complex reward structures.
Compensation and Benefits Managers Salary Distribution in Florida
Salary progression for Compensation and Benefits Managers in Florida is significantly influenced by experience. Entry-level positions typically start at a lower percentile, while senior roles commanding higher salaries reflect accumulated expertise and strategic responsibility. The widening gap between entry-level and senior compensation percentiles underscores the substantial career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,380 | $29.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,930 | $45.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $114,030 | $54.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,550 | $75.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $201,550 | $96.9 |
Detailed Compensation and Benefits Managers Market Analysis
Relocation Context
Nominal Salary
$125,240
Gross Pay
Real Wage (Purchasing Power)
$122,424
Adjusted for COL (102.3)
The average annual salary of $125,240 in Florida for Compensation and Benefits Managers aligns closely with the state's Cost of Living Index of 102.3. This means that while the nominal salary is lower than the national average, the purchasing power of this salary is relatively stable when compared to the national baseline, indicating a balanced economic environment for these professionals.
Job Market Context
1,480
Total Jobs
0.15
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Florida has a slightly higher-than-average concentration of Compensation and Benefits Managers roles compared to the national norm.
A Location Quotient of 1.15 signifies that Florida has a slightly higher concentration of Compensation and Benefits Managers than the national average. This suggests a competitive job market where employers may have a good pool of local talent, but also indicates a sustained demand for these specialized roles within the state's industries.
Nearby Job Markets
Nearby Cities for Compensation and Benefits Managers
| City | Salary | Dist. |
|---|---|---|
| Lakeland-Winter Haven, FL Compensation and Benefits Managers Salary | $128,630↑ 3% | 26 mi |
| Tampa-St. Petersburg-Clearwater, FL Compensation and Benefits Managers Salary | $137,520↑ 10% | 49 mi |
| Orlando-Kissimmee-Sanford, FL Compensation and Benefits Managers Salary | $129,340↑ 3% | 57 mi |
Comparing salaries near Florida
Hiring Compensation and Benefits Managerss?
Frequently Asked Questions
How much does a Compensation and Benefits Managers make in Florida?
The median annual salary for a Compensation and Benefits Managers in Florida is $125,240. This typically ranges from $61,380 for entry-level positions to $201,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florida is 21.9% lower than the national median of $160,420.
Is Florida a lucrative place for Compensation and Benefits Managers?
No, not as lucrative as the national average.While Florida offers a solid average salary of $125,240, it falls short of the national average of $160,420. The cost of living is only slightly above the national average, making the lower salary more impactful.
Is Florida a good place to live for Compensation and Benefits Managers?
The Cost of Living Index in Florida is 102.3. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florida?
Some top paying nearby cities include Lakeland-Winter Haven, FL ($128,630) and Tampa-St. Petersburg-Clearwater, FL.
How does Florida's Compensation and Benefits Manager salary compare to the national average?
The average annual salary for Compensation and Benefits Managers in Florida is $125,240, which is lower than the national average of $160,420.
What is the concentration of Compensation and Benefits Managers in Florida?
Florida has a Location Quotient of 1.15, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living in Florida affect the salary?
Florida's cost of living index is 102.3, just above the national average. This means the $125,240 salary offers purchasing power slightly above the national norm, somewhat offsetting the lower nominal wage.
What is the total workforce size for this role in Florida?
There are approximately 1,480 Compensation and Benefits Managers employed in Florida.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,480 employees in the Florida area with a job density of 0.15 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Compensation and Benefits Managers Salaries by State
Top Jobs in Florida
- All Occupations Salary in Florida
- Office and Administrative Support Occupations Salary in Florida
- Sales and Related Occupations Salary in Florida
- Food Preparation and Serving Related Occupations Salary in Florida
- Transportation and Material Moving Occupations Salary in Florida
- Management Occupations Salary in Florida
- Business and Financial Operations Occupations Salary in Florida
- Healthcare Practitioners and Technical Occupations Salary in Florida
- Construction and Extraction Occupations Salary in Florida
- Educational Instruction and Library Occupations Salary in Florida
- Browse All Jobs in Florida →
Semantic Salary Analysis for Compensation and Benefits Managers • Data source: BLS OEWS 2024 •Jobs in Florida