HR salaries rise – but is it good news?

HR salaries rise - but is it good news?
HR salaries rise – but is it good news?

Throughout 2018, HR salaries grew by 1.4% according to Reed.

Analysis across more than 10million job postings found that pay had been boosted by well over a percent since the start of last year.

Yet, HR seems to have been outstripped by good UK pay growth overall. At the end of last year, The Guardian reported that UK weekly pay growth has risen by 3.3%.

Yet, much of this is put down to inflated City bonuses.

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Regardless, HR wage growth is in decline from previous years. In 2017, advertised HR wages grew by 2.7%. In 2016, they shot up by a staggering 4.1%.

And rises in wages aren’t uniform across the entire HR function. The continued growth of salaries in the past 12 months for HR professionals is led by roles such as reward manager, which has increased by an average of 4.2 per cent to more than £60,000 per annum.

The take home of internal recruiters shot up by almost five per cent (4.7%) and HR Directors enjoyed a boost in pay of over three per cent.

This trend of growing interest in rewards and internal recruitment roles was mirrored in the Reed HR State of Skills research with a large increase in interest for both benefits manager and internal recruiter.

Reed’s study also found the type of HR roles on offer was also changing. Over the last five years, interest in HR analyst roles has shot up by over a quarter whilst the HR function has also grown.

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Chris Adcock, Director, Reed HR, added that this reflected the strength of the HR jobs market.

He said: “Overall, the HR market is strong and growing. We’ve gone from around one HR person per 200 employees to about one per 25, depending on the size of the business.”

“HR staff are proving to be more important and valuable, which is why we’re still in a candidate driven market.”

“As a result, HR needs to embrace technology to attract, retain and keep talent motivated and enthused.”

Reed’s data also found that the UK region where HR salaries were growing fastest was the North West.

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