The global economic crisis that has forced U.S. employers to slash their salary budgets has not spared HR salaries in the process.
A new Society for Human Resource (SHRM) report released in December says base pay and incentive compensation grew more slowly last year. Compensation isn’t expected to rebound in 2009, either.
Some of the most popular HR positions posted only small percentage gains in total cash compensation in 2008. For example, HR assistants’ pay was up only 2%, according to the SHRM survey.
and bonuses beyond base pay decreased for HR professionals in 2008. The average short-term incentive cash payouts to HR professionals in 2008 ran at about 11% of salary, down dramatically from 22% in 2006.
Some HR skills are more in demand these days and, thus, are paying better. In 2008, four of the top 20 HR positions with the highest annual increase in median compensation were thos...(register to read more)
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