HR salaries: Who’s making the most money?

by Janie Smith01 Jul 2014
Want to earn the big bucks in HR? Your best bet is to become a generalist HR director for a large company, according to the Michael Page Salary and Employment Forecast.

HR directors at large companies in the states surveyed – New South Wales, Victoria, Queensland, South Australia and Western Australia – topped the salary charts, with most of them earning more than $200,000 a year.

However, those in senior specialist roles are following close behind.

Those in large companies tend to earn from mid to high $100,000s, sometimes up to $200,000.

John MacLean, the regional director of Michael Page human resources, said remuneration specialists were in high demand, due to the entire recruitment market being less buoyant than hoped in the past year. 

“There’s not been a huge amount of recruitment happening in a lot of key areas. What organisations are trying to do is look after and keep their key people so part of retention of that nature is a major focus for most organisations. Part of that is what they’re paid so there has been an increase in making sure that that is correct,” he said.

Other specialist roles in demand included learning and development and internal recruitment specialists.

The sectors hiring the most HR professionals were banking, IT, retail and government, with the number of global retailers opening stores in Australia helping to drive the trend, while government positions were mostly temporary roles, especially in project and change management.

“There’s been a strong demand for contractors. We’ve seen that across the board but specifically in government organisations,” said MacLean.

“The reason for that, and what we’re seeing from clients, is that they’re looking to make sure they’ve got a flexible workforce. We’re starting to see the ramifications of that in HR. I think there’s a demand for flexible HR services, whether or not that’s a consultant or a contractor. Different organisations will have their own ways of approaching that, but a lot of it will come down to cost.”

He said that while most HR professionals would have had a pay increase this year, it would likely be in line with CPI and would performance-based.

“There’s no one salary level that is seeing massive increases. I think that reflects the cautious nature of most organisations out there on their cost base. I think that will get better, but it’s the trend for this year.”

The chance to broaden their skill set and take on new challenges was a leading reason for HR professionals to change jobs.

“That’s very often more important than salary. It’s about finding the right organisation and making sure that they’re going to be able to learn. Salary is a pretty close second, but people are more interested in the job and the opportunity to learn than purely the money.”

Highest generalist salaries:

HR director, large company, NSW: $210,000+
HR manager, large company, NSW: $131,000 - $184,000
HR consultant, business partner, large company, NSW: $105,000 - $158,000

Highest specialist salaries:

ER/IR manager, large company, NSW: $158,000 - $210,000
HRIS manager, large company, NSW: $139,000 - $208,000
Head of remuneration and benefits, large company, NSW: $195,000+
Head of learning and development, large company, NSW: $175,000+
 

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