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.

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.

Comments are closed.