The average annual salaries for compensation and benefits managers in the state of Tennessee are shown in Table 1. The comparison of the salary statistics of compensation and benefits managers amongst Tennessee cities is shown in Table 2. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile bracket | Average annual salary |
|---|---|
| 10th Percentile Wage | $55,310 |
| 25th Percentile Wage | $69,720 |
| 50th Percentile Wage | $94,810 |
| 75th Percentile Wage | $121,610 |
| 90th Percentile Wage | $156,340 |
Table 1 shows the average annual salary for compensation and benefits managers in Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $156,340. The median (50th percentile) annual salary is $94,810. The average annual salary for the bottom 10 percent is $55,310.
The table and chart below show the trend of the median salary of compensation and benefits managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $94,810 | -2.13% | 20.63% |
| 2018 | $96,830 | 4.09% | - |
| 2017 | $92,870 | 11.47% | - |
| 2016 | $82,220 | 1.74% | - |
| 2015 | $80,790 | 1.04% | - |
| 2014 | $79,950 | -1.73% | - |
| 2013 | $81,330 | 7.48% | - |
| 2012 | $75,250 | - | - |
Table 3 shows the median annual salary of compensation and benefits managers in some Tennessee cities and metropolitan areas. We note that the median annual salary of compensation and benefits managers in state of Tennessee ranges from $57,710 to $106,300. The highest paying area for compensation and benefits managers in Tennessee is Memphis with a median annual salary of $106,300. The second highest paying city/area in Tennessee State is Nashville-Davidson--Murfreesboro--Franklin (mean annual salary $95,220). The lowest paying area is Chattanooga with a median annual salary of $57,710.
| Cities/Areas | Median Annual Salary |
|---|---|
| Memphis | |
| Nashville-Davidson--Murfreesboro--Franklin | |
| Knoxville | |
| Chattanooga |