Human Resources Degree Salary: What You Can Expect?
May 6 2023 - Do you like working with people and ensuring that they have everything they need to provide their best possible performance? Are you someone who can easily encourage people and find out ways to make their life easier, especially in a corporate ecosystem?
Well, in that case, going for an HR degree will be perfect for you.
Although it's not the easiest job in the world, the salary of this segment is pretty good. And, it is also highly long-lasting. As long as the world requires humans to do something, the people working in the HR department would never go out of job.
But, here's the thing.
I'm pretty sure you're not just going to get into an HR course just because you love talking to people. You'll also want to know about the salaries and the benefits the job role comes with.
So, that's what we're going to talk about in this article. But, before we proceed, let us know a little about what Human Resource Managers do and what their job roles usually include.
The Job Roles of a Human Resources Manager
The HR department of a corporation takes care of anything and everything related to the staff of the company. Here are a few things that they tend to do as a part of their job role.
- Address various concerns expressed or experienced by the employees.
- Implementing a specific reward system for the staff members.
- Creating different career development programs and hiring top talents in the market.
- Solving different conflicts and other related issues.
- Designing and evaluating strategies to improve personnel retention.
- Building the culture of an organization and maintaining it accordingly.
- Creating an enjoyable and positive working environment.
- Integrating programs that reflect the basic values of the company.
- Evaluating an individual's work performance and rewarding them accordingly.
Apart from these, a Human Resource Manager can also take care of the law-related issues within a company. But, in that case, the department and job role would be quite different.
The Salary of an HR Manager
The salary package of an HR manager can depend on their job role, their overall experience and the skills they come with. Keep reading to get more information in this regard.
1: Compensation and Benefits Manager
The aforesaid manager, as the name implies, will solely focus on overseeing the compensation and benefits program of an organization. In addition to this, they will also:
- Assess and procure job openings of an organization
- Create salary scales and hierarchy throughout the company stature
- Developing a proper salary structure in a company
A C&B manager will also handle the entire pay structure of the corporation and consult about the same with the employees. It's a highly involved job role, as a whole.
Salary: £51,000 - 102,724 (estimated)
2: Training and Development Manager
Almost every organization, before implementing a new software program, for example, will offer a specific training session to their staff. And they will also need someone who can handle this procedure and ensure that everything's happening naturally.
This is where a training and development manager will come in and take the lead.
A training and development specialist will primarily focus on equipping an employee with an organization-specific skill. They will also administer and coordinate the training sessions as a whole. The content of a training program will be selected by them as well.
Salary: £44,393 to £53,429 (estimated)
3: Labour Relations Manager
These people tend to be an absolute expert in maintaining employee relations and following specific labour-related laws. In an organization, where the workers are unionized, labour relations specialists tend to work as an intermediary between the management department of a company and the union representatives. It's a more law-focused work than anything else.
A labour relations manager will primarily focus on conducting a draft of an employment contract. It is, then, used bargaining agreements that can cover benefits and wages.
Usually, if there are conflicts, especially in the law and enforcement department, these are the people who take an initiative in that regard. A risky job role, indeed.
Salary: £41,946 to £64,992 (estimated)
FAQs - Frequently Asked Questions
In this section, we are going to talk about a few things that we couldn't discuss previously. So, in this section, we have talked about the same and offered some additional information to you.
Let's review them.
1: What is Human Resources (HR)?
Human resources (HR) is a field that deals with managing and developing a company's workforce. HR professionals are responsible for tasks such as recruitment, hiring, training, employee relations, benefits administration, and compliance with labour laws.
2: What are the Different Roles in HR?
There are many different roles within HR, including HR generalist, recruiter, compensation and benefits specialist, training and development specialist, employee relations specialist, HR manager, and HR director.
3: What is the Recruitment Process?
The recruitment process involves identifying job vacancies, advertising them, screening and selecting candidates, conducting interviews, and making job offers.
4: What is Onboarding?
Onboarding is the process of integrating new employees into a company, including providing orientation, training, and support to help them adjust to their new role and become productive members of the team.
5: What is Performance Management?
Performance management is the process of setting goals, evaluating employee performance, providing feedback, and developing plans to improve performance. It is a continuous process that aims to improve employee performance and ultimately achieve the company's goals.
The Final Say!
An effective HR department has the potential to drive a company's growth and efficiency to a massive extent. Due to this reason, the salaries in HR departments are a lot higher too.
So, if you are efficient in your way of working, it might be best for you to begin your journey with an SME. This way, you can develop them from the ground and work accordingly.
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