“Human resources” is a broad term that encircles a wide range of functions, implying numerous positions within the hr department. There are many different options and levels within this sector, ranging from HR administrator to recruiter and all in between.
You’ll want to understand the pay associated with positions in HR before deciding if it’s the perfect sector for you. They differ significantly based on the role and your background.
Let’s see what all you need to know about HR wages so you can evaluate whether or not a career in HR is suited for you.
What To Expect?
Because the hr department keeps an eye on employee compensation, those who work in this sector or want to work in it need to know how to bargain for a fair wage. As a result, you’ll need a salary guide and a good notion of what one in your desired position earns to take advantage of that information.
One thing to keep in mind is that your pay as an HR professional is highly dependent on the job role you play. For example, HR specialists earn an average of $59,000 per year, while HR managers earn an average of $107,000 per year, according to a renowned study. That’s a significant distinction.
Salaries in human resources range from low to high. While the HR position you choose has a significant impact on your income, the size of the company and the job role are also factors.
The Size Of The Company
It should come as no surprise that organizations in their early phases may not offer salaries as competitive as those that are more established. According to a recent study, an hourly employee working for a company with 500 or more people earns nearly twice as much as an individual working for a company with 50 or fewer employees.
That’s a significant difference. Those figures, however, do not pertain to specific employment in a given industry; they are general labor statistics. Human resources is a different issue, with a different salary guide.
The Position Matters
It should come as no surprise that the role you assume in the HR department has a significant impact on your salary–this is true in every sector. The higher your position and title, the more responsibilities you have and, hence, the more money you earn. The higher you climb the ladder, the more money you’ll make.
