Are you interested in becoming a human resources professional? If you are planning on applying to an online human resources program or a traditional college to attend a human resources degree program, it is important to educate yourself about the career paths that you can take before you invest your valuable time and your hard-earned money. Many people take time to research employment opportunities and growth within the field when they are considering a profession or a specific degree. While these are important indicators to keep in mind when you are choosing an occupation, you should also consider your entry-level earning potential and long-term earning professional in human resources. Here is your guide to the human resources salary:
Related Resource: Entry Level Human Resources Jobs
What is the Average Human Resources Salary?
If you are wondering what your earning potential will be once you earn a degree, the first thing you should do is research the average human resources salary reported in the United States. The United States Bureau of Labor Statistics is dedicated to gathering data on the salaries that all tax-paying human resources professionals earn each year and then calculate an average of the high and the low salaries to come up with a median figure. While it is possible to earn significantly more or less than the average salary, the figure can help you see what entry-level earning potential averages out to. Out of all of the titles in Human Resources, the average salary reported is $49,000 per year.
How Do Salaries Range in the Field of HR?
Human resources has come a long way in the recent years. Now, there are a variety of different titles within the HR department, and all of these titles contribute in their own unique way. You could become an HR generalist when you graduate college and eventually work your way up to becoming an HR manager or Coordinator once you gain experience. Earning potential is directly related to your title and the organization that you work for. If you work in an organization that employs a huge base of employees, the employer will generally pay HR professionals higher salary bases and raises.
As a specialist in the field of HR, you can earn significantly more than the average salary in the field as a whole. For example, the average salary of mid-level HR Generalists is reported to be $58,090 per year, but the average salary of an HR Manager is $99,130. If you gain experience and prove yourself to be an asset, you can work up to the top 10 percentile of salaries and earn as much as $166,400 per year. Compensation also includes a quality benefits package that includes medical, dental, vision, and paid time off. These are all worth additional value.
You must consider the size of the employer, the type of employer, required educational level, and experience when you are calculating your earning potential. Once you earn your degree, you can start searching for job openings and see how much you can earn in your region. While experience in HR is important, so is a formal education. Choose a specialty that pays well and that interests you, and once you set your sights to this specialty you can focus on professional development in the future.
Related Resource: Is an HR Degree Worth It?