Due to the fact that the number of applicants often exceeds the number of job openings, there is avid competition in the field of office management. However, the demand for office managers is anticipated to grow steadily through 2012 in the U.S.
Currently, job openings are arising because the number of business firms and organizations are continually growing. Positions for office managers are also opening because of promotions within a company. A considerable number of openings stem from the need to replace those managers who have excelled to other positions within the company.
In 2002, the median pay rate for office managers was approximately $38,820 annually. The low end of this scale earned around $23,630 and the high end earned around $65,180 annually. In addition to other typical employment benefits, office managers may receive compensation through bonuses and stock options.
Like any other profession the pay range depends upon factors such as skills, experience, type of employment and geographic location.
Advancement opportunities within a company are very common with office management positions. Progression is possible by increasing knowledge about the company and acquiring the skills valued by an employer.