HR is in the money as average salaries rise by 5.5%

Basic pay for HR professionals increased by an average of 5.5% in the year to 1 September 2005, according to the latest report from Remuneration Economics.

The increase is significantly higher than the previous year’s 4.2%. Total earnings rose by 6.7%, compared with 4.6% in 2004, the survey of 4,396 HR professionals employed by 90 organisations showed.

HR directors saw the highest boost in total earnings at 9.4%, but increases to basic salary were worth an average of 5.1%, with the median basic annual salary now pitched at 112,000 a year.

Unsurprisingly, HR directors received the highest bonuses, pushing their total package up by more than 30,000. Personnel officers also did well, with bonuses adding nearly 1,000 to their median pay.

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Clerical staff enjoyed the highest rise in basic salary at 8.4%, with basic pay now worth a median 15,750 a year. Increases to total earnings stood at 8.7%.

Regional comparisons revealed that HR professionals working in central London received significantly higher increases (7.1%) than those in the rest of the UK (5.2% on average). Total earnings for staff based in central London rose by an average 9.4%, compared with 5.6% for both the South East and the rest of the UK.