At Capability Jane, we like to keep a keen eye on average salaries. Understanding salary expectations is key to attracting top-tier talent. If you want to hire the talent your business needs, you need to know what they want.
According to Reed, the average salary for a full-time HR director stands at £91,408 a year; this amount has risen by £4,799 since 2017. HR managers and HR officers have seen similar boosts in fortune with salaries rising to an average of £47,047 and £30,508 respectively. Across the board, HR salaries have remained buoyant, highlighting the importance of HR professionals to the success of growing companies.
A good HR department plays an essential role in building an employee-oriented, productive workforce. If you truly want an energised workforce that is engaged by your company’s mission and culture, developing a winning HR department is a good place to start.
So, what can affect an HR professional’s salary?
According to the annual HR Salary Survey by pay and benefits experts Croner Reward, location is a key factor. Their recent survey found that pay for people working in HR roles in much of the UK lags well behind London, by as much as 24%.
Another key factor when it comes to an HR professional’s salary is the industry. Our experience at Capability Jane shows HR Professionals within Financial Services are the best paid and the lower paid industries tend to be Not For Profit firms or Manufacturing. Croner also explains that the HR specialism is important and those HR professionals that specialise in recruitment are the lowest paid – 2.5% behind the overall average.
In addition, of the different sectors HR professionals work in, directors in the voluntary sector earn over £20,000 less than their private and public-sector counterparts.
The other major factor affecting salaries across the UK is gender. According to analysis of managers’ salaries conducted by the Chartered Management Institute (CMI) and XpertHR, male managers in HR on average earn £4,469 more than their female peers. While the average salary of a female manager stands at £40,177 this rises to £44,646 for men. Whilst this is disappointing, it’s interesting to note that this represents a pay gap of 10%, considerably lower than the average gender pay gap across all UK industries, which stands at 26.8%.
As an SME, how can you compete for quality HR talent?
At Capability Jane we often hear from SMEs that are struggling to attract HR talent to their organisation. Limited budgets and brand exposure often make it difficult to compete with larger employers.
Fortunately, there is a solution. There’s a relatively untapped talent pool out there of highly experienced professionals who are looking for part-time or flexible opportunities. Rather than competing with large employers who largely want full-time talent, why not focus on attracting flexible or part-time workers? Often, they’ve left blue chip companies in search of new challenges and more flexible working environments. Over the years, Capability Jane have built a vibrant talent pool of high-calibre men and women who want flexible or part-time work. By attracting them to your business, you’ll get the experience and skill-set your business needs at a fraction of the cost of a full-time salary. Are you looking in the right place for your HR talent?
Capability Jane Recruitment specialise in sourcing part-time professionals for SMEs. If you’re looking to expand your team, call us on 0845 604 1916, email us at email@example.com or visit our contact page to find out how we could support your business.