HR Salaries Are On The Rise

Here’s some great news for HR professionals: HR Salaries are on the rise!

While HR professionals’ salaries depend heavily on their employers and locations, as well as their education and certifications, we’re seeing an overall increase within the industry for the second year in a row. Average base pay will increase 3 percent in 2014 according to the seventh annual Compensation Planning Survey by Buck Consultants.

Numbers vary though. Earlier in the year (June of 2013) we shared a blog titled “How Much Does a New HR Manager Cost?” Salary.com stated that the median expected salary for a typical Human Resources Manager in the United States was $88,408. That number is now $88,960 – a smaller increase than what’s predicted in the Compensation Planning Survey, but an increase nonetheless.

If you’re an employer you may be trying to justify the expense of a fulltime HR professional, or an internal HR department. Not every small to medium sized business has the resources to support their own group of HR professionals at $80,000+/year, especially since these positions fall outside of the company’s core competences.

Even large companies may not be able to justify hiring an internal HR team; the amount of employee management necessary within the workplace may be tremendous, requiring a number of professionals to manage payroll, HR, administration, benefits and more.

If you’re currently indecisive about whether to outsource HR help or recruit an internal team, we encourage you to contact Employer Solutions Plus. Our team is skilled at designing cost-effective packages for accomplishing everything you need surrounding employee management. You don’t necessarily need to choose an internal or external department – you could utilize a little bit of both and only hire vendors within a specific area such as benefits or payroll. Each company’s situation is unique and requires a unique solution.

Click here to contact our team.