We’re still in the Great Resignation and HR talent is just as susceptible to turnover as any other type of talent. From recruiting and training to compensation and benefits management, properly managing the employee lifecycle for everyone — including HR workers — is central to company success.
Offering competitive pay is key to attracting and retaining top talent, and that is also true for positions in human resources where the market has been changing fast. In 2020, HR gained more recognition for its strategic influence. HR employees had to step up their game and have been making more of an impact. But are HR employees seeing that growth reflected in their own career development and wage increases?
When pay is not competitive, employees are more likely to search for a new opportunity where they will receive a considerable pay increase — and that includes compensation professionals! When it comes to fair and competitive pay, the folks most in the know need to feel heard by executive leadership and people managers.
Of course, keeping up with how the market has changed can be challenging. Market pricing jobs and analyzing pay trends can be time consuming, especially if you have a lot of jobs in a lot of locations. HR can easily feel overburdened. This is where compensation management software like Payscale can help.
In this report, we look at just one of the salary data sources available from Payscale — compensation surveys that aggregate employer-sourced data from Payscale customers — to reveal the hottest jobs in HR. Our rank lists include the fastest-growing jobs by wages and the highest-paid HR jobs excluding executive positions. We also look at Payscale’s employee-sourced salary data to identify the hottest skills for HR by pay differential.* *Definition: % Pay Differential The average positive impact that a skill has on pay for the given occupational group. For example, if an HR employee sees, on average, a 14 percent impact on pay with a skill like performance management, then they will, on average, earn 14 percent more than their counterparts who lack that skill. This calculation controls for compensable factors, including job title, experience, location, etc.
Offering competitive pay is key to attracting and retaining top talent, and that is also true for positions in human resources where the market has been changing fast. In 2020, HR gained more recognition for its strategic influence. HR employees had to step up their game and have been making more of an impact. But are HR employees seeing that growth reflected in their own career development and wage increases?
When pay is not competitive, employees are more likely to search for a new opportunity where they will receive a considerable pay increase — and that includes compensation professionals! When it comes to fair and competitive pay, the folks most in the know need to feel heard by executive leadership and people managers.
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