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Figure out how much you’re worth

by on
in HR Management,Human Resources,Leaders & Managers,Management Training

Issue: The recent slow growth in HR pay hikes picked up speed in 2003.

Benefit: Stronger pay growth nationwide gives you more bargaining power in your shop ... or on the open market.

Action: Use these numbers to push for a raise and/or justify your request for a beefed-up HR compensation budget.

While the slumping economy kept HR pay hikes in check the past three years, the dam finally broke in 2003.

Among the 12 most highly populated HR positions, pay increased in 11 positions in 2003, rising an average of 4 percent in those jobs, according to a new survey by Mercer HR Consulting and the Society for Human Resource Management (SHRM). That's better than the 3.6 percent increase the typical U.S. worker received.

"The increases in HR salaries this year, despite a challenging job climate, indicate the value placed on HR professionals," says Debra Cohen, SHRM vice president of knowledge development.

The flip side of this trend: If you're the HR director, expect your staff to push for fatter raises in the coming months.

Which HR salaries are increasing fastest? Not surprisingly, it's security-related positions. Corporate security managers saw median total cash compensation soar 16 percent, to $110,000, in 2003.

Reflecting the growth of HR service centers, senior HR service center reps' median pay jumped 12.7 percent, to $42,900.

For more details on the survey, which polled 1,300 organizations, visit www.shrm. org/press/cms_005976.asp.

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