Head of HR Salary – Earnings and Hourly Wages
Are you curious about the salary of a Head of HR? Wondering how much HR directors, managers, executives, and department heads earn? In this article, we will explore the average salary, hourly wages, and various factors that influence the compensation of these HR professionals in the US market.
Key Takeaways:
- The average base salary for a Human Resources Director in the United States ranges from $159,331 to $203,513 per year.
- The total cash compensation, including base salary and annual incentives, can range from $175,663 to $240,367.
- The average hourly wage for a Head of HR in the United States is estimated to be between $77 and $98.
- Location, industry, company size, experience level, and education can significantly impact the salary of a Head of HR.
- Career progression in HR can lead professionals from roles like HR Manager to HR Director and eventually to top HR leadership positions.
Average Salary for Head of HR
When considering a career as a Head of HR, one important aspect to explore is the average salary for this role. Having an understanding of the salary range can help professionals make informed decisions about their career path and future earning potential.
According to data from Salary.com, the average base salary for a Human Resources Director in the United States falls between $159,331 and $203,513 per year. This figure represents the base compensation excluding other benefits and incentives.
However, it’s worth noting that the total cash compensation, which includes base salary as well as annual incentives, can range from $175,663 to $240,367. This broader range takes into account the additional financial rewards that may be available, depending on factors such as company performance and individual achievements.
It’s important to emphasize that these figures represent averages and that actual salaries can vary depending on factors such as location, industry, company size, and level of experience. It’s always recommended to research specific salary data for the local market and consider personal qualifications and achievements within that context.
Now that we’ve explored the average salary for a Head of HR, let’s delve deeper into the various factors that can influence compensation in this role.
Hourly Wages for Head of HR
When considering the salary of a Head of HR, it’s important to examine the hourly wages as well. On average, a Head of HR in the United States can expect to earn between $77 and $98 per hour. This range takes into account factors such as years of experience, industry, and company size.
When looking at the total hourly cash compensation, which includes base wages and short-term incentives, the range expands to $84 to $116 per hour. Short-term incentives, such as bonuses or profit-sharing, can significantly impact overall compensation for this role.
It’s worth noting that the specific hourly wage for a Head of HR may vary depending on the location and industry. The wage range provided gives a general idea of what professionals in this role can expect, but individual circumstances may influence the actual hourly rate.
Keep in mind that hourly wages are just one aspect of a Head of HR’s compensation package. Additional benefits, such as healthcare plans, retirement options, and bonuses, can further enhance the overall earning potential. It’s essential to consider all aspects of compensation when evaluating the attractiveness of a career as a Head of HR.
Hourly Wage | Total Hourly Cash Compensation |
---|---|
$77 | $84 |
$98 | $116 |
Factors Affecting Head of HR Salary
Several factors can influence the salary of a Head of HR. Let’s take a closer look at each of these factors:
1. Location of the Job
The geographical location where the Head of HR position is based can have a significant impact on salary. Salaries vary across states and cities due to differences in cost of living and demand for HR professionals.
2. Industry
The industry in which the Head of HR works also plays a role in determining their compensation. Certain industries, such as finance, healthcare, and technology, may offer higher salaries for HR leadership positions compared to others.
3. Company Size
The size of the company can affect the salary of a Head of HR. Larger organizations often have more complex HR needs and may allocate more resources to attract and retain top HR talent.
4. Level of Experience
A Head of HR with more experience typically commands a higher salary. Years of experience in HR leadership roles demonstrate expertise and a track record of successfully managing HR functions.
5. Level of Education
The level of education attained by the Head of HR can also impact their salary. Advanced degrees, such as a Master’s in Human Resources or a related field, may result in higher compensation.
6. Certifications and Additional Responsibilities
Obtaining relevant certifications, such as the Professional in Human Resources (PHR) or the Senior Professional in Human Resources (SPHR), can contribute to increased salary potential. Additionally, taking on additional responsibilities, such as overseeing multiple HR departments or leading special projects, may also lead to higher compensation.
These factors interact with each other and can vary in their influence depending on individual circumstances and the specific job market. Organizations assess a combination of these factors when determining the salary for a Head of HR.
In the next section, we will explore how the salary of a Head of HR can differ based on location.
Location-Based Salary Differences for Head of HR
The salary of a Head of HR can vary depending on the location. Factors such as the cost of living, supply and demand of HR professionals, and local market dynamics can influence the compensation packages offered in different cities.
To provide a glimpse of the salary variations, let’s take a look at some cities across the United States:
- San Francisco, CA: The salary for a Head of HR in San Francisco is significantly higher than the national average. On average, salaries in this role are approximately 25.0% above the national average.
- Miami, FL: In Miami, the salary for a Head of HR is slightly lower compared to the national average, with a difference of 2.9%.
- Washington, DC: Salaries for HR leaders in the nation’s capital tend to be on par with the national average.
- Chicago, IL: HR Directors in Chicago typically earn salaries close to the national average.
- Boston, MA: The salary for a Head of HR in Boston can be slightly higher than the national average, reflecting the higher cost of living in the city.
- New York, NY: In New York City, Head of HR salaries can vary depending on the industry and company size; however, they generally align with the national average.
- Dallas, TX: Head of HR salaries in Dallas are often on par with the national average.
These examples demonstrate how location plays a significant role in determining the salary range for HR leaders. It is important for professionals in this position to consider the cost of living, industry trends, and market demand when evaluating potential opportunities.
Career Path for Head of HR
The journey to becoming a Head of HR usually starts with roles such as Human Resources Manager or HR Generalist. These positions provide a solid foundation in the field and allow professionals to gain valuable experience in various HR functions.
As individuals progress in their careers, they can advance to more senior roles, such as HR Director. In this position, they oversee the HR department and play a crucial role in developing and implementing HR strategies and policies.
From there, ambitious HR professionals can continue their upward trajectory and strive for top positions in HR leadership. These positions include the Top Division Human Resources Executive or the Top Human Resources Executive. As HR leaders, they are responsible for shaping the overall HR strategy of an organization and steering its workforce towards success.
Embarking on the path to HR leadership offers not only opportunities for professional growth but also the potential for increased earning potential. As individuals climb the career ladder, they gain expertise and leadership skills that make them valuable assets to organizations, leading to higher salaries and greater compensation.
Skills and Competencies for HR Leaders
To excel as a Head of HR, professionals need to possess a diverse range of skills and competencies that contribute to their success in leading and managing the HR function within an organization. These essential skills enable HR leaders to effectively navigate the complexities of the modern workplace and drive impactful change. Some of the key skills and competencies for HR leaders include:
Strategic Thinking
HR leaders must have a strategic mindset that allows them to align HR practices and initiatives with the broader organizational goals. This involves understanding the business strategy, anticipating future challenges, and developing HR strategies that support the overall success of the company. Strategic thinking allows HR leaders to proactively address workforce needs, contribute to decision-making processes, and drive positive organizational outcomes.
Leadership Abilities
Effective HR leaders are skilled in leading and managing diverse teams. They possess the ability to provide guidance, support, and motivation to HR professionals, fostering a positive work environment and encouraging high performance. Strong leadership abilities enable HR leaders to advocate for employees, champion organizational values, and drive cultural and organizational transformation.
Communication and Interpersonal Skills
HR leaders need excellent communication and interpersonal skills to effectively collaborate with various stakeholders within and outside the organization. They must be able to communicate complex information clearly and concisely, actively listen and empathize, and build strong relationships based on trust and credibility. These skills empower HR leaders to connect with employees, influence decision-making, and effectively address organizational challenges.
Knowledge of Employment Laws and Regulations
HR leaders must have a solid understanding of relevant employment laws and regulations to ensure compliance and mitigate legal risks. They need to stay updated on labor laws, equal employment opportunity regulations, wage and hour laws, and other relevant legislation. This knowledge enables HR leaders to create policies and practices that align with legal requirements, promote fair and inclusive workplaces, and protect the rights and well-being of employees.
Talent Management Expertise
HR leaders play a critical role in attracting, developing, and retaining top talent within the organization. They must have expertise in various aspects of talent management, including recruitment and selection, performance management, career development, succession planning, and employee engagement. By effectively managing the talent pipeline, HR leaders contribute to the overall organizational success and drive HR practices that support employee growth and development.
Ability to Drive Organizational Change
HR leaders are instrumental in driving organizational change initiatives that enable the company to adapt to evolving market conditions and remain competitive. They must possess change management skills, including the ability to effectively communicate and implement change, engage employees in the change process, and overcome resistance. HR leaders who excel in change management can help create a culture of agility, innovation, and continuous improvement within the organization.
These are just some of the key skills and competencies that HR leaders must possess to thrive in their role and contribute to the success of their organization’s HR function. By continuously developing and honing these skills, HR leaders can enhance their performance, increase their value as strategic partners, and potentially command higher salaries and compensation as a result.
Education and Certifications for Head of HR
While there is no specific educational requirement to become a Head of HR, most professionals in this role have at least a bachelor’s degree in human resources, business administration, or a related field. Obtaining certifications such as the Professional in Human Resources (PHR) or the Senior Professional in Human Resources (SPHR) can also enhance career prospects and potentially lead to higher salaries.
These certifications demonstrate a strong understanding of HR principles, practices, and legal compliance. They validate the knowledge and skills required to excel in HR leadership roles, including strategic planning, employee relations, compensation and benefits, talent acquisition, and performance management.
A survey conducted by the Society for Human Resource Management (SHRM) revealed that HR professionals with certifications earn higher salaries compared to those without certifications. The study found that HR executives with the PHR or SPHR certification earned a median salary of $122,00, while those without certification earned a median salary of $96,000.
The benefits of certifications for HR professionals:
- Enhanced credibility and professional recognition
- Increased opportunities for career advancement
- Expanded network of HR professionals
- Access to ongoing professional development resources
Earning a certification not only demonstrates a commitment to continuous learning and professional growth but also highlights a candidate’s dedication to excellence in the field of HR. Employers often value certified HR professionals for their expertise and potential to drive organizational success.
Salary | Median | With Certification (PHR or SPHR) | Without Certification |
---|---|---|---|
25th Percentile | $87,000 | $92,000 | $80,000 |
50th Percentile | $110,000 | $122,000 | $96,000 |
75th Percentile | $142,000 | $163,000 | $124,000 |
Industry Impact on Head of HR Salary
The salary of a Head of HR can vary depending on the industry in which they work. Certain sectors, such as finance, healthcare, and technology, tend to offer higher salaries for HR leadership positions compared to other industries.
When it comes to HR director salary and HR manager salary, professionals in finance can expect to earn competitive compensation due to the critical role HR plays in managing employee benefits, payroll, and compliance in the financial industry. Similarly, HR professionals working in the healthcare sector can enjoy attractive salaries since healthcare organizations prioritize talent acquisition, workforce planning, and other HR functions to deliver high-quality patient care. Additionally, the technology sector, known for its rapid growth and focus on innovation, compensates HR leaders well to attract and retain top talent.
Here’s how the salaries of HR directors and managers in these industries compare:
Industry | Average HR Director Salary | Average HR Manager Salary |
---|---|---|
Finance | $160,000 – $230,000 | $85,000 – $130,000 |
Healthcare | $150,000 – $220,000 | $80,000 – $120,000 |
Technology | $170,000 – $240,000 | $90,000 – $140,000 |
These figures represent approximate salary ranges, and actual compensation may vary based on factors such as location, experience, and company size. It’s important to note that while these industries often offer higher salaries for HR leadership positions, other sectors also provide competitive compensation based on market demand and organizational needs.
Company Size and Compensation for Head of HR
The size of the company has a significant impact on the compensation package for a Head of HR. Larger organizations, with their complex HR needs and extensive resources, often offer higher salaries and additional benefits to attract top talent for this critical leadership role. On the other hand, smaller companies may have more limited budgets allocated to HR leadership positions, resulting in comparatively lower compensation packages.
Head of HR compensation is influenced by various factors, and company size is one of the key determinants. Below, we compare the compensation and benefits offered to HR heads in small, medium, and large companies:
Company Size | Average Salary | Bonus | Additional Benefits |
---|---|---|---|
Small Companies | $$ | $$ | $$ |
Medium Companies | $$$ | $$$ | $$$ |
Large Companies | $$$$ | $$$$ | $$$$ |
Note: The above figures are for illustrative purposes only and may vary based on various factors such as location, industry, and level of experience.
Large companies, which often employ a larger HR team and serve a greater number of employees, typically offer more attractive compensation packages to compensate for the complexity and demands of the role. This can include higher base salaries, substantial performance-related bonuses, and generous benefits such as stock options, executive perks, and comprehensive healthcare and retirement plans.
Smaller companies, operating with more limited financial resources, may offer comparatively lower base salaries but can still attract talented HR professionals by providing unique opportunities for growth, autonomy, and the chance to make a significant impact on the organization’s HR strategy and initiatives.
In summary, while the size of the company plays a significant role in determining HR head compensation, it is essential to consider other factors such as company culture, industry, and individual negotiation skills when evaluating the overall attractiveness and fit of a compensation package.
Additional Benefits and Perks for Head of HR
In addition to salary, Heads of HR may receive various benefits and perks as part of their compensation package. These benefits can include:
- Health and retirement plans
- Bonuses
- Stock options
- Flexible work arrangements
- Professional development opportunities
These additional perks and benefits serve to enhance the overall compensation package and provide valuable incentives for individuals in HR leadership positions.
“The ability to offer competitive benefits and perks is essential for attracting and retaining top HR talent. By providing comprehensive healthcare coverage, retirement plans, and other enticing perks, organizations can demonstrate their commitment to employee well-being and satisfaction.”
– HR Industry Expert
These perks not only contribute to a well-rounded compensation package but also help create a positive work environment and increase employee morale. Additionally, they can serve as powerful recruitment tools, attracting highly skilled professionals to HR leadership positions.
With attractive benefits and perks in place, organizations can effectively reward and recognize the contributions of their Head of HR, ensuring a competitive compensation package that aligns with industry standards and employee expectations.
Conclusion
In conclusion, the salary for a Head of HR can vary significantly depending on various factors. Factors such as location, industry, company size, experience level, and education all play a role in determining the compensation for this role. It is important for professionals in HR leadership positions to stay informed about industry trends, continually develop their skills, and actively seek opportunities for career advancement in order to maximize their earning potential.
Professionals in the HR field should be aware of the average salary for a Head of HR, which ranges from $159,331 to $203,513 per year, according to Salary.com. Hourly wages for this role can range from $77 to $98. However, these figures can fluctuate based on the aforementioned factors.
Furthermore, professionals should also consider the impact of location-based salary differences, as the salary for this role can vary depending on the city and state. It is worth noting that industries such as finance, healthcare, and technology often offer higher salaries for HR leadership positions compared to other sectors.
To succeed as a Head of HR, individuals should possess a range of skills and competencies such as strategic thinking, leadership abilities, strong communication and interpersonal skills, and knowledge of employment laws and regulations. Obtaining relevant certifications like the Professional in Human Resources (PHR) or the Senior Professional in Human Resources (SPHR) can also enhance career prospects and potentially lead to higher salaries.
FAQ
What is the average salary for a Head of HR?
According to Salary.com, the average base salary for a Human Resources Director in the United States is between 9,331 and 3,513 per year.
What are the hourly wages for a Head of HR?
The average hourly wage for a Head of HR in the United States is estimated to be between and .
What factors can influence the salary of a Head of HR?
Several factors can impact the salary of a Head of HR, including location, industry, company size, level of experience, education, certifications, and additional responsibilities.
How does location affect the salary of a Head of HR?
The salary of a Head of HR can vary depending on the location. For example, in San Francisco, CA, the salary for this role is 25.0% above the national average, while in Miami, FL, it is 2.9% lower than the national average.
What is the career path for a Head of HR?
The career path for a Head of HR typically starts with roles such as Human Resources Manager or HR Generalist. Professionals can then progress to become an HR Director and advance to top positions in HR leadership.
What skills and competencies are required for a Head of HR?
To excel as a Head of HR, professionals need skills such as strategic thinking, leadership abilities, strong communication and interpersonal skills, knowledge of employment laws, talent management expertise, and the ability to drive organizational change.
What education and certifications are preferred for a Head of HR?
Most Head of HR professionals have at least a bachelor’s degree in human resources, business administration, or a related field. Obtaining certifications such as the Professional in Human Resources (PHR) or the Senior Professional in Human Resources (SPHR) can enhance career prospects and potentially lead to higher salaries.
How does industry impact the salary of a Head of HR?
Industries such as finance, healthcare, and technology tend to offer higher salaries for HR leadership positions compared to other sectors.
How does company size affect the compensation for a Head of HR?
The size of the company can influence the compensation package for a Head of HR. Larger organizations often have more complex HR needs and may offer higher salaries and additional benefits, while smaller companies may have more limited budgets for HR leadership positions.
What are the additional benefits and perks for a Head of HR?
In addition to salary, Heads of HR may receive various benefits and perks, including health and retirement plans, bonuses, stock options, flexible work arrangements, and professional development opportunities.
What is the conclusion regarding the salary of a Head of HR?
The salary for a Head of HR can vary based on factors such as location, industry, company size, experience level, and education. Professionals in this role should stay updated on industry trends, develop their skills, and seek opportunities for career advancement to maximize their earning potential.