If you like working with money, becoming a compensation manager is the right fit for you. This role is focused on developing and overseeing how an organization pays its employees. Part of employee satisfaction is making sure people are paid appropriately for the work they do, so compensation managers must continuously monitor the market and government regulations, adjusting pay rates to stay competitive.
Compensation managers are needed in all industries and can work at any company. Employment of compensation managers is expected to rise 6% through 2024.
More and more companies will need roles like this to develop complex compensation plans that include bonuses and employee health and wellness programs.
In NLU’s Master of Science in Human Resource Management and Development (HRMD) program, you’ll gain the knowledge you need to stay up to date on state and federal regulations that affect today’s businesses. You’ll also gain the technical skills to manage employee relations and the law, total rewards, and performance management.