Understanding HR Earnings: Download PDF for Salary Information

Hi friends,

I want to have opinions here:

- Is HR really a lucrative field?
- In which sector are HR professionals highly paid? (IT/Manufacturing/Retail, etc.)
- Which part of HR is currently in demand? (Industrial Relations, Personnel, Recruitment, or other areas)
- What is the highest salary a Manager - HR can receive, and why?

Looking forward to your valuable opinions, friends.

Thanks in advance.
Rajeev Dixit

Hi Rajeev,

Good queries. See my opinions as below:

1. I don't see HR as a highly earning field compared to other fields.
2. It depends on the employer brand.
3. The current trend is towards having an all-in-one HR specialist who can manage all HR functions.
4. Additionally, it depends on the size of the company and its branding. To be honest, HR managers' salaries will be lower than those of managers in other departments.

Thanks

Hi guys,

So many professionals here and just one reply? Expecting more opinions.

Regards,
Rajeev Dixit

Hi Rajeev,

In response to your queries:

1) I cannot say that HR is not a lucrative field. HR professionals are being compensated more or less on par with other departments. However, the issue lies in the limited opportunities available in this field. One cannot shine in HR unless they prove themselves.

2) Every industry requires HR personnel to manage the employees and labor working for any organization.

3) As Nawaz rightly pointed out, the current trend is not to confine yourself to a specific HR division. One should strive to master all aspects in this competitive world.

4) There is no limit to the compensation for the most talented individuals.

I hope this clarifies your questions.

Best regards,
[Your Name]

Hi,

HR is an earning field, since they are paid well compared to others at the same level. Now, times are changing, but they are paid a bit less compared to core software professionals and marketing persons who have sales incentives. However, times are changing for all.

A Generalist HR is in demand.

I have seen a person with 2-3 years of experience in the position of HR Manager with a salary of 2-3 Lacs per annum and a person with 10 years of experience as an HR Manager with a salary of 10 Lacs per annum. So, you can determine the highest salary of a manager.

Thanks,
Ritu

Though I am new in this field, let's still try.

Obviously, HR can earn equal to any other employee (please try to avoid comparison with software guys!!). But as Rajiv said, opportunities are very less in this field, and you need to be patient. To start your career, you need a 2-year gestation period where you just increase your number of years of experience but don't expect a good salary.

Again, if you get a good placement from your college, you are the lucky one because getting a job on your own in this field is a bit difficult.

Sector-wise, IT HR is well-paid, but you don't have much work to do there (it's a matter of debate as officially nobody wants to accept it... but then IT employees think like that).

A Generalist role is always better as it has a broad scope of becoming a specialist in future years of your career, but starting from a specialist field (recruitment, IR, payroll, etc.) is something which restricts you from the start.

The salary of different companies depends on their salary structure as well as the experience of the candidate.

Hope this will help.

Rashmi

HR field is not like any other department for good earnings or money-making. It is a part of service. The main aim of the field is to recruit prospective employees, train, motivate, and retain them. Not everyone can be a good HR professional.

The IT industry is highly paid in the market, and this applies to the HR field as well. However, there is a lot of politics involved in this field. There is no importance given to performance or quality education. Many positions are filled through internal references.

Recruitment is particularly in high demand in the market due to the presence of numerous consultancies on every street corner. On the other hand, HR aspects like payroll and generalist roles are typically meant for experienced individuals with at least 3+ years of experience or those with references. These areas are not usually suitable for freshers, and the percentage of freshers in these roles is low.

The highest salary of a manager is based on their experience. For instance, a person with over 10 years of experience would typically receive around 10-12 lakhs.

Regards,

Saravanan
[IMG]https://www.citehr.com/misc.php?do=email_dev&email=c2FyYXZhbmFuZW NAZ21haWwuY29t[/IMG] / 09884211661.

I think this information will be of some help to you.

Thanks and Regards,
Sanjeev

Hi Rajeev,

Good question if I assume you're a fresher who is on the verge of graduating or trying to pursue your B-school degree after graduation!

HR, in terms of compensation, can be good or bad depending on the organization you are going to work for. Sales professionals typically receive higher salaries than other functions for obvious reasons as they are the driving force behind an organization's existence.

Apart from that, HR can be a rewarding career path if you possess the right skills, attributes, and experience in the field, or if you are willing to learn initially in your career and then grow with experience. HR encompasses specialist fields such as recruitment, training, compensation & benefits, compliance, industrial relations, and more.

I would recommend starting with recruitment in a reputable consulting firm initially to gain exposure to industry profiles and salary structures across different companies, which can help you target specific industries. After gaining around 2 years of experience, you can transition into corporate roles.

Alternatively, you can explore entering a corporate setting in a generalist role that involves recruitment, HR operations, business HR, compensation & benefits, training, and more.

Best of luck in making the right choice!

Cheers,
Ranjit

Hi Friends,

I am not saying HR is not a growing field, but the percentage is less when compared to other areas like Finance, Marketing, Developers, etc. Due to outsourcing, processes like Payroll, recruitment, and Training may lead to a booming stage in the near future. Currently, we have 7 HR personnel for every 100 employees. This ratio may even increase in the future.

Friends, feel free to post your comments. Your feedback and comments help me update my skills. This way, our knowledge sharing can develop. Thanks in advance.

Regards,
Saravanan

[IMG]https://www.citehr.com/misc.php?do=email_dev&email=c2FyYXZhbmFuZW NAZ21haWwuY29t[/IMG] / 09884211661.

Hi Rajeev,

No profession today is considered easy. You have to work smart and hard at the same time. Regarding the earnings in HR, they are high as well. Choose any job portal and check out the highest remunerations for HR equivalent to experience. Do some self-study. You can do the same for other professions as well, and then analyze yourself along with the study you did before deciding.

Just for information sharing, I know a few HR people who are earning more than 50-75K per month with just 3-4 years of experience. But again, it depends on the skills you have and the profession you can perform.

Regards,
Sapna

Hi,

In any department, salary depends upon the experience and exposure. You will get higher salaries in some departments other than HR, where the workload is heavier. Salaries also depend on other allowances. However, those departments may not have the same reputation as HR. We, HR personnel, command respect throughout the company. Therefore, my dear, your salary depends on the brand. If you are only interested in money, you should consider other types of work. HR is a dignified profession that allows you to interact with all employees in the organization.

I hope you understand. And sorry for any mistakes.

Hara

Hi Rajeev,

I am not sure why you are collecting this opinion on HR. Is HR really an earning field?

Yes, if you are not in the right industry.

Which is the sector where HR professionals are highly paid? IT, Manufacturing, Retail, etc.?

IT and Retail.

Which part of HR is in demand presently? (IR, Personnel, Recruitment, or other)

Currently, companies are looking for a variety of HR activities. Specifically, Talent Management and Talent Acquisition.

What is the highest salary a Manager - HR can get, and why?

I am aware that it is somewhere around 24 lakhs per annum.

I just want to write a few more lines on this. The first thing is not to select your profession based solely on salary or remuneration but on your interest in the field and what you enjoy the most.

If you want recognition and good pay, then the best option is Business Development. You will be well-paid, but you will also have deadlines and targets to meet. If you do not achieve them, you may have to resign and leave the company.

I hope this information helps you.

Regards,

Shravan Head - HR IT company

Dear Rajeev,

Herewith, I am also sharing my views on HRD.

1. Definitely, it is one of the Earning Fields. Generally, in every company, our HR Department takes care of employees from entry to exit levels.

2. In the manufacturing sector, salaries are lower compared to IT & Retail. However, we will gain good exposure to Trade Unions, Collective Bargaining, Layoffs, Strikes, Closures, and Dismissal Orders.

3. A Generalist role is always good for your career. If you aim to become a General Manager in HR in the future, you should have knowledge in all areas of HR, which will be helpful for your progression.

4. Knowledge is power; with talent, you can achieve goals in a shorter time and receive better salaries. However, this also depends on the company.

I believe this information will be useful for you.

With Regards,

Ramesh Andra

Hi,

Let me put it across this way! Any job which is related to 'Revenue Generation' for the organization, the price will go up. Then it doesn't matter if it's HR, Sales, or any other. Make your HR a 'Profit Center' Department & see the results!

Great Luck! Ashish Bubna

Hi all,

HR is not an earning field and has many problems and pressures. I have been working in HR for over 10 years in different companies. However, all companies offer low salaries and assign menial tasks to the HR department.

1) Technical people with diplomas earn more than HR (MBA) candidates in Mechanical and Textiles.
2) Candidates in Electronics (BSc, MSc, BE) receive higher salaries, experience better growth opportunities, and have more peaceful work environments compared to HR executives.
3) Software Engineers earn significantly higher salaries compared to HR professionals. HR professionals provide services to all employees, such as floor cleaning, ensuring smooth working environments, maintaining restrooms, providing water facilities, etc.

Please reconsider entering the HR field.

Regards,
Shan

Hi everybody,

This is the first time I'm posting the reason why I joined this site HR. Sorry for being selfish, but now I find it very interesting and helpful.

Till now in my life, I feel I haven't achieved anything very important because of not being properly guided. So now I need everybody's help to decide on a good career for myself.

I completed my graduation and then did MCA by IGNOU (correspondence). Due to some reasons, this took a long time to complete, and in the meantime, I had to join call centers and BPOs for money. I have also done C++ and Java courses from NIIT in 2002, and later in 2007, somebody suggested to me that Data Warehousing is having good scope. So, I did an Informatica course in that, but couldn't get any break.

Now I'm working in a computer institute as Astt. HR and at the same time pursuing MBA (ICFAI, Bangalore). This time, money and fate took my side, so till now I completed its group A and group B in one chance. Now, after group C, I have to decide for which field I'm going to do specialization. I'm totally confused. Should I go for HR or IT? I'm interested in finance, but without work experience, will it be too difficult?

Will my experience as an Assistant HR in this computer institute help in getting a job in any good organization if I go for HR?

At this point in my life, I want stability and a static route related to my career, even if I get less money, because I feel my life is dispersed career-wise till now. Please help me.

With regards,
energybooster

Hello friends, I am new to this forum. Anyhow, I will try to explore my opinions with you.

Many professionals have given good suggestions and opinions to you. It's not a matter of money; if you love the subject, just go and join in the HR field. Here, we can mold the employees. It's a great opportunity for you. Salary means starting a little bit critical, but after gaining good experience and exposure in practice (after 10 years), you can receive a very high pay.

Regarding the sector, I prefer manufacturing. There are a lot of openings and pay here for experience. Industrial Relations (IR) and Personnel area have great demand.

Thanks,
Naveen
Hyderabad
9966226409

Hi Rajeev,

HR is not really a high-earning field unless you get into a good industry that pays well, such as IT/BPO/Financial Services, etc. Currently, there is a preference for HR Generalists who can handle the entire spectrum of HR activities. This requires good experience in the field and the ability to multitask effectively.

However, some companies prefer specialists in specific HR roles like Recruitment, Employee Relations, Training & Development, Compensation & Benefits, etc., to handle these responsibilities independently.

Salaries of HR Managers vary from company to company and depend on factors such as industry type, brand, tenure, and the size of the company.

Regards,
Leena

Dear friends,

I feel newcomers have this choice before them. Those already in the field are obviously enjoying the profession of HR. Their staying in the function is proof of this.

Comparisons are always avoidable. Comparing with any other profession will bring out strengths and weaknesses.

I feel that HR is a service function in all industries and hence would occupy a staff function role. It will continue to assist the line function and be an internal consultant to the line functionaries.

However, as future predictions for HR indicate, more companies would be outsourcing HR functions in the days to come. This requires the availability of specialist HR organizations to meet such demands of the market. The HR persons engaged by these organizations would constitute the line functionaries of these organizations and provide the bread and butter for the organization.

I predict that in such a scenario, the HR line functionaries with critical skills in converting HR organizational targets into executables and meeting the client needs at a profit will always be in great demand. The market would offer very competitive compensation packages. If such persons have IT skills, IR skills, OD skills (in short, critical skills demanded by the market) in the same person, you can be damn sure that the sky is the limit as far as compensation is concerned.

It can be anyone's guess as to when such a golden era is going to come. Maybe it has started. The market would take off in another couple of years. But one thing is sure: HR would no longer be content with staff functions. It has to be business-savvy to survive and deliver value.

HR has never been regarded as a high-paying job in monetary terms. In the past, HR has always been regarded as a cost center whereby we command the least respect among employers and employees. However, the situation today is different; HR has more or less become a strategic partner in helping companies achieve their business objectives. HR practitioners must have business acumen and change their mindset from the traditional role of HR practice to modern responsibilities and requirements. Sadly, as HR is not a revenue-generating department, in terms of salary, it might not be as attractive as sales or engineering professions.

To me, practicing HR should be a noble intention to bridge the gap between employers and employees, focusing on employee well-being and simultaneously being a strategic partner in achieving company objectives.

Being an HR generalist may be in high demand now, but going forward, I strongly believe that being an HR specialist, such as in Compensation & Benefits or Training and Development, will be a higher selling point as most HR administrative jobs are being outsourced.

If you are considering a career now, you might want to think about whether being in HR aligns with your career objectives in terms of monetary rewards. Good luck to you.

Hi,

"Learning is better than earnings." Of course, you need more money, but knowledge is what truly makes an HR professional successful. A software engineer may gain experience in just 2 years in their field because they work with code every day. However, HR professionals face different and challenging problems daily, requiring them to possess practical knowledge.

HR generalists are currently in high demand. According to company standards and designations, compensation is distributed within the HR department.

Regards

To the guy who began this post,

I hope this article on TV Mohandas Pai (Infosys - Head HR) solves your queries regarding pay packages and whether HR is an "earning field."

TV Mohandas Pai HR Head of Infosys - Infosys Pays HR Head Pai More Than Nilekani, Infosys Salary (Search On Cite | Search On Google)

In my humble opinion, all fields have opportunities to earn; the quantum of earning depends on the amount of effort you are willing to put in.

Regards,
Vikram Bhonsle
SIES College of Management Studies
Nerul

Nice discussion, according to me HR is not a highly paid domain in comparison to sales and other IT guys but every domain has its own pros and corns. IF you are in to generalist profile it takes a long time to achieve a handsome package however if you are specialized in one particular field like recruitment i believe you can make good and quick money. To achieve more you have to prove you’re self.