Do human resources make a lot of money?

It should come as no surprise that HR professionals know how to negotiate for competitive compensation. In fact, the Bureau of Labor Statistics (BLS) estimates that HR specialists bring home a median amount of $59,180 and HR Managers an impressive $106,910—well above the cross-industry median of $44,668.

What is the highest paid HR position?

Top 5 Highest Paying Human Resource Positions

1. Labor Relations Specialist. Median salary: $83,298 per annum.
2. Training and Development Manager. Median salary : $87,700 per annum.
3. Compensation and Benefits Manager. Median salary: $94,291 per annum.
4. Human Resources Manager.
5. Vice President of Human Resources.

How can I make a lot of money in human resources?

If you’re looking into getting some extra work on the side, then check out our 7 side income ideas for Human Resource Specialists below.

1. #1. Etsy.
2. #2. Resume Writer.
3. #3. Write an eBook.
4. #4. HR Consulting.
5. #5. Online Career Coach.
6. #6. Recruiting.
7. #7. Tutoring.
8. Getting Creative With Your Side Hustle.

What is the main purpose of human resource department?

An HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees.

Can HR make you money?

In fact, HR departments can make fiscal contributions to their companies through: 1. cost containment, 2. productivity improvement, and 3. actual profit generation – HR CAN MAKE YOU MONEY! Cost Containment . Saving money is code for making money!

What is the role of the HR department?

Susan Heathfield is an HR and management consultant with an MS degree. She has decades of experience writing about human resources. A human resource department is the division of a company that is responsible for effectively managing a company’s human resources, which are its employees.

Does Money matter in a human resource career?

Money isn’t everything, of course, but human resource salaries and earning potentials are still an important piece of the puzzle for anyone considering a career in this field.

What can HR do to help you save money?

Saving money is code for making money! Ask any coupon shopper. Part of the conventional HR department’s job is to study the costs of benefits, compensation, and even some overhead. After studying these costs, HR can make recommendations as to how costs can be controlled and reduced. Productivity Improvement.