Average Compensation and Benefits Managers Salary in North Carolina
Compensation and Benefits Managers in North Carolina earn an average annual salary of $137,820. This figure is notably below the national average of $160,420, suggesting that while the demand is present, the compensation structure may be influenced by regional economic factors and the overall cost of doing business within the state.
Executive Summary
- Average Salary: $137,820 per year.
- Growth Trend: Salaries have shifted 0.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $233,640.
- Outlook: With a local workforce of 750 professionals in this field, North Carolina demonstrates a solid presence of Compensation and Benefits Managers. The Location Quotient of 1.18 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for specialized HR talent within the state's business ecosystem.
Salary Overview
The average Compensation and Benefits Managers in North Carolina earns-14.1%below the national average.
$66.3
$2,650
$11,485
Compensation and Benefits Managers Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Compensation and Benefits Managers in North Carolina have experienced growth over the past four years, mirroring national trends. Factors such as evolving compensation strategies, increased focus on employee well-being, and a competitive job market likely contribute to upward salary adjustments.
Compensation and Benefits Managers Salary Distribution in North Carolina
Salary progression for Compensation and Benefits Managers in North Carolina typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while senior roles, particularly those with strategic oversight and extensive experience in designing and implementing complex benefits programs, can command salaries well above the $137,820 average, reflecting the value of expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,360 | $29.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,365 | $49.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,650 | $60.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,275 | $82.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $233,640 | $112.3 |
Detailed Compensation and Benefits Managers Market Analysis
Relocation Context
Nominal Salary
$137,820
Gross Pay
Real Wage (Purchasing Power)
$145,227
Adjusted for COL (94.9)
The average annual salary of $137,820 in North Carolina presents a favorable financial outlook when considering the local Cost of Living Index of 94.9. This index is below the national average of 100, meaning that the purchasing power of the salary is likely higher in North Carolina than in many other parts of the country, making the nominal salary more attractive in real terms.
Job Market Context
750
Total Jobs
0.154
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, North Carolina has a slightly higher-than-average concentration of Compensation and Benefits Managers roles compared to the national norm.
A Location Quotient of 1.18 signifies that North Carolina has a slightly more concentrated job market for Compensation and Benefits Managers than the national average. This suggests a healthy demand for these professionals within the state, indicating that the market is competitive but also offers ample opportunities for skilled individuals to find employment.
Nearby Job Markets
Nearby Cities for Compensation and Benefits Managers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Compensation and Benefits Managers Salary | $127,070↓ 8% | 32 mi |
| Winston-Salem, NC Compensation and Benefits Managers Salary | $125,270↓ 9% | 41 mi |
| Durham-Chapel Hill, NC Compensation and Benefits Managers Salary | $105,180↓ 24% | 56 mi |
Comparing salaries near North Carolina
Hiring Compensation and Benefits Managerss?
Frequently Asked Questions
How much does a Compensation and Benefits Managers make in North Carolina?
The median annual salary for a Compensation and Benefits Managers in North Carolina is $137,820. This typically ranges from $61,360 for entry-level positions to $233,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Carolina is 14.1% lower than the national median of $160,420.
Is North Carolina a lucrative place for Compensation and Benefits Managers?
Yes, with a caveat.While the average salary is below the national average, North Carolina's cost of living is also lower, enhancing purchasing power. The slightly higher concentration of jobs (LQ 1.18) indicates a robust market.
Is North Carolina a good place to live for Compensation and Benefits Managers?
With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Carolina?
Some top paying nearby cities include Greensboro-High Point, NC ($127,070) and Winston-Salem, NC.
How does the North Carolina salary compare to the national average?
The average annual salary for Compensation and Benefits Managers in North Carolina is $137,820, which is lower than the national average of $160,420.
What is the concentration of Compensation and Benefits Managers in North Carolina?
North Carolina has a Location Quotient of 1.18 for this role, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living affect the salary in North Carolina?
With a Cost of Living Index of 94.9, North Carolina is more affordable than the national average (100), meaning the $137,820 salary offers better purchasing power locally.
What does the number of jobs per 1,000 workers indicate?
The figure of 0.154 jobs per 1,000 workers suggests that for every thousand individuals employed in North Carolina, approximately 0.154 are Compensation and Benefits Managers, providing a measure of job availability relative to the overall workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 750 employees in the North Carolina area with a job density of 0.154 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Compensation and Benefits Managers • Data source: BLS OEWS 2024 •Jobs in North Carolina