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What is the possible salary range for a human resources manager?

#salary #financial-planning #money #financial-planning

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James Constantine’s Answer

Hello Branden,

Median Yearly Income

The median yearly income for a human resources manager in the United States is approximately $113,300, as reported by the Bureau of Labor Statistics (BLS) in May 2019. This number signifies the point where half of all HR managers earn more, and half earn less.

Income Range

The income range for HR managers can fluctuate greatly based on factors like the industry, location, experience level, and the size of the company. The BLS states that the top 10% of HR managers earn over $205,720 annually, while the lowest 10% earn under $66,360.

Factors Influencing Income
Industry

The income for HR managers can vary greatly from one industry to another. For instance, HR managers in the management of companies and enterprises sector have a median yearly income of $124,840, while those in the healthcare and social assistance sector have a median of $103,940. Other industries that pay HR managers well include professional, scientific, and technical services ($123,740), manufacturing ($115,860), and finance and insurance ($115,570).

Location

The location also significantly impacts an HR manager’s income. The BLS reports that the highest-paying states for HR managers are New Jersey ($149,860), New York ($145,380), Rhode Island ($144,720), California ($144,520), and Virginia ($139,350). The top-paying metropolitan areas include New York-Newark-Jersey City ($166,980), San Jose-Sunnyvale-Santa Clara ($156,940), San Francisco-Oakland-Hayward ($156,290), Mount Vernon-Anacortes, WA ($153,380), and Bridgeport-Stamford-Norwalk, CT ($152,250).

Experience

Experience is another key factor influencing an HR manager’s income. Generally, HR managers with more experience can expect higher incomes. Payscale.com reports that an entry-level HR manager with less than a year of experience can expect a median income of about $57,000 annually. However, an HR manager with five to nine years of experience can expect a median income of about $82,000 annually. Those with 20 or more years of experience can expect a median income of about $112,000 annually.

Company Size

Larger companies often provide their HR managers with higher incomes than smaller companies. Payscale.com reports that an HR manager at a company with over 10,000 employees can expect a median income of about $97,000 annually. However, an HR manager at a company with less than 50 employees can expect a median income of about $73,000 annually.

Benefits and Bonuses

Besides their base income, many HR managers also receive benefits like health insurance, retirement plans, and paid leave. Some may also qualify for bonuses based on their performance or the company's performance. Payscale.com states that the average bonus for an HR manager is about $7,800 annually.

GOD BLESS!
James Constantine Frangos.
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LeAnna’s Answer

It depends on where you live and and the industry as well. I recommend checking out glassdoor to find out more about the pay ranges for the specific roles that you are interested in.
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Nicole’s Answer

The starting salary for an HR Manager greatly depends on the state you live in and even the city/metropolitan area. There can also be some variances based on the industry you'll be working in.

A great resource I use to look up the salary for specific positions is O*NET. You can check out great information about being an HR Manager and the outlook of that career field, as well as search for salary information here: https://www.onetonline.org/link/summary/11-3121.00

I noticed your profile states you are in San Antonio, TX. For that area, the minimum starting salary for an HR Manager in that area is currently $73,610. The median salary is $119,680, and the max is around $198, 220.
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Michelle’s Answer

Depending on where you are looking and the type of industry you want to be working it all will play a role into the salaries you'll see for that position. I advise looking on Glassdoor for the salary breakdowns of specific positions in your local area!
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Erin’s Answer

According to Payscale.com, 90 percent of HR Manager salaries are under $88,000 while the lower paid 10 percent earns less than $41,000. The average HR Manager salary on Payscale is roughly $61,000. The combined average of all three sources is $81,481.

Yes salary should take in to account for a job you might want but don't let it stop you from doing what you love! Follow your path and take risks! These answers can also changed based on the company or position you take. Working very hard is the best piece of advice I can give you!!

https://www.salary.com/research/salary/benchmark/human-resources-manager-salary

https://www.payscale.com/research/US/Job=Human_Resources_(HR)_Manager/Salary

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