Average Compensation and Benefits Managers Salary in Tampa-St. Petersburg-Clearwater, FL
Compensation and Benefits Managers in the Tampa-St. Petersburg-Clearwater, FL area earn an average annual salary of $137,520. This figure is notably below the national average of $160,420, suggesting localized market dynamics and potentially different industry demands influence compensation in this region. The specific economic landscape and the concentration of relevant industries play a significant role in shaping these pay scales.
Executive Summary
- Average Salary: $137,520 per year.
- Growth Trend: Salaries have shifted 24.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,580.
- Outlook: With a total local workforce of 250 Compensation and Benefits Managers, the Tampa-St. Petersburg-Clearwater area demonstrates a moderate presence in this specialized field. The Location Quotient of 1.34 indicates a higher concentration of these roles compared to the national average, suggesting a robust demand for professionals skilled in compensation and benefits strategy within the region's business ecosystem.
Salary Overview
The average Compensation and Benefits Managers in Tampa-St. Petersburg-Clearwater, FL earns-14.3%below the national average.
$66.1
$2,645
$11,460
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 have experienced steady growth over the past four years, mirroring broader economic trends and increasing demand for specialized HR functions. This upward trajectory is likely driven by evolving labor laws, the need for competitive compensation packages to attract talent, and the increasing complexity of benefits administration.
Compensation and Benefits Managers Salary Distribution in Tampa-St. Petersburg-Clearwater, FL
Salary progression for Compensation and Benefits Managers is strongly tied to experience. Entry-level positions typically command lower salaries, while senior roles, requiring extensive expertise in strategy, compliance, and analytics, can significantly exceed the average. The percentile gaps in salary distribution reflect this career ladder, with experienced professionals earning substantially more as they move into leadership and strategic oversight positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,990 | $37.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,140 | $49.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $126,780 | $61 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $171,900 | $82.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,580 | $97.4 |
Detailed Compensation and Benefits Managers Market Analysis
Relocation Context
Nominal Salary
$137,520
Gross Pay
Real Wage (Purchasing Power)
$137,520
Adjusted for COL (100)
The average annual salary of $137,520 in Tampa-St. Petersburg-Clearwater, FL, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Compensation and Benefits Manager's salary in this region is comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
250
Total Jobs
0.174
Per 1K Jobs
1.34
Location Quotient
With a location quotient of 1.34, Tampa-St. Petersburg-Clearwater, FL has a slightly higher-than-average concentration of Compensation and Benefits Managers roles compared to the national norm.
A Location Quotient of 1.34 signifies that Compensation and Benefits Managers are more concentrated in the Tampa-St. Petersburg-Clearwater, FL area than the national average. This suggests a relatively competitive market with a good number of opportunities for skilled professionals, but also indicates that employers may be actively seeking this specialized talent, potentially leading to more negotiation power for experienced candidates.
Nearby Job Markets
Nearby Cities for Compensation and Benefits Managers
| City | Salary | Dist. |
|---|---|---|
| Lakeland-Winter Haven, FL Compensation and Benefits Managers Salary | $128,630↓ 6% | 32 mi |
Comparing salaries near Tampa-St. Petersburg-Clearwater, FL
Hiring Compensation and Benefits Managerss?
Frequently Asked Questions
How much does a Compensation and Benefits Managers make in Tampa-St. Petersburg-Clearwater, FL?
The median annual salary for a Compensation and Benefits Managers in Tampa-St. Petersburg-Clearwater, FL is $137,520. This typically ranges from $77,990 for entry-level positions to $202,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tampa-St. Petersburg-Clearwater, FL is 14.3% lower than the national median of $160,420.
Is Tampa-St. Petersburg-Clearwater, FL a lucrative place for Compensation and Benefits Managers?
Moderately lucrative, with potential for growth.While the average salary is below the national average, the higher concentration of these roles (LQ of 1.34) and a cost of living at the national average suggests a stable and potentially growing market for skilled professionals.
Is Tampa-St. Petersburg-Clearwater, FL a good place to live for Compensation and Benefits Managers?
The Cost of Living Index in Tampa-St. Petersburg-Clearwater, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tampa-St. Petersburg-Clearwater, FL?
Some top paying nearby cities include Lakeland-Winter Haven, FL ($128,630) and others.
How does the Tampa-St. Petersburg-Clearwater salary compare to the national average?
The average salary of $137,520 in Tampa-St. Petersburg-Clearwater is approximately 14% lower than the national average of $160,420 for Compensation and Benefits Managers.
What is the significance of the Location Quotient (LQ) of 1.34?
An LQ of 1.34 indicates that there are 34% more Compensation and Benefits Managers employed in the Tampa-St. Petersburg-Clearwater area relative to the national average, suggesting a higher demand or concentration of these roles.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the Tampa-St. Petersburg-Clearwater area has a cost of living that is exactly at the national average. This means the $137,520 salary has purchasing power equivalent to the national average.
What is the total number of Compensation and Benefits Managers in the Tampa-St. Petersburg-Clearwater area?
There are approximately 250 Compensation and Benefits Managers working within the Tampa-St. Petersburg-Clearwater, FL metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Tampa-St. Petersburg-Clearwater, FL area with a job density of 0.174 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 Tampa-St. Petersburg-Clearwater, FL