Employers are placing a high emphasis on employee value as a human asset to the company. The HR function is driving it and doing a good job of it. The results of the 2000 Human Resources Management Compensation Survey, conducted by SHRM and consulting firm William M. Mercer in June, confirm the fact that HR professionals are receiving larger and more varied compensation packages. Notable increases have occurred in incentives, including stock options. According to the survey, in recent years HR salaries have been growing faster than salaries in the general labor market.
Annual bonuses show a dramatic increase.
It's so important to attract and retain the right HR professionals. The 2000 survey was expanded to include positions such as top corporate training executive, training manager, trainer, technical trainer, diversity trainer and instructional designer. Survey results also indicated that variable pay programs continue to extend more broadly and deeply into HR departments. The annual Human Resource Management Compensation Survey reports competitive pay data from nearly 1,100 diverse organizations, covering 31,165 employees in 97 HR positions in the United States. The survey reports data for HR jobs ranging from clerks and benefits administration to top management.