A human resource manager plays a critical role in an organization by creating a workplace beneficial to its employees and the employer. Large organizations may employ human resources managers in designated specialty areas such as compensation and benefits, recruitment and retention or training and development. For some organizations, a human resource manager takes on all of the responsibilities of each specialized area of human resources. In April 2011, PayScale estimated salaries for these professionals based on 10,501 individuals reporting their wages.
The average base salary for a human resource manager ranges from $46,619 to $72,007 per year. Some employers offer bonuses and profit-sharing. Average bonuses range from $1,932 to $7,740 per year and average profit-sharing ranges from $1,017 to $4,607 per year. Total compensation ranges from $44,954 to $73,398 per year.
Most employers require at least a bachelor’s degree in human resources or a related discipline for this occupation. Those who obtained a bachelor’s degree earned average salaries ranging from $43,642 to $80,285 per year. Those who obtained a master’s degree in business administration earn average salaries ranging from $53,991 to $78,260 per year.
Many human resource professionals obtain credentials related to human resources. Highly recognized credentials include the Professional in Human Resources (PHR), Senior Professional in Human Resources (SPHR) and Global Professional in Human Resources (GPHR) administered by the Society for Human Resource Management. Those who obtained the PHR credential earn average salaries ranging from $50,153 to $72,539 per year. Human resource managers who obtained the SPHR credential earn average salaries ranging from $59,627 to $84,547 per year and those who obtained the GPHR credential earn average salaries ranging from $76,436 to $92,003 per year.
Human resource managers can increase their salary as they gain professional experience. Those with less than four years of experience earn average salaries ranging from $30,878 to $55,924 per year. Those with five to nine years of experience earn average salaries ranging from $46,992 to $67,941 per year and those with 10 to 19 years of experience earn average salaries ranging from $52,893 to $77,995 per year. Human resource managers with more than 20 years of experience earn average salaries ranging from $56,221 to $85,445 per year.