Are Human Resource Managers In Demand?
"I’m looking to get into something where I could feasibly get a job in any industry. I’m thinking about job security here. So I got to wondering about HR. Every company in the world has an HR department. Maybe that would represent something with major opportunity. Are HR managers in demand?"
asked by Don from Fresno, CA
You are quite correct in your assertion that human resources is something that is needed everywhere. You could even argue that HR is the most important job in the world, because staffing determines everything about an organization. A company’s success or failure hinges on the performance and loyalty of its employees, from the highest executive to the lowest customer service agent.
It is up to the HR department to make staffing decisions, and HR managers are in charge of the HR department as a whole. A good HR manager can raise a company to new heights, while a poor one can be its undoing.
So, yes. All companies need excellent HR managers. It’s a good idea to think about the growth rate for the profession to get a gauge for opportunity, though. HR management is growing at a rate of 13%, which is about the same rate as all other occupations in the country. This represents 13,600 new openings between 2010 and 2020. Keep in mind that a lot of people go into HR, so you will encounter a lot of competition if you decide to pursue this field.
For that reason, you probably want to consider aiming for a higher degree. That will make you more competitive for openings in this field. You will probably need some experience in human resources before you move up to a management position.
How much can you make in HR? According to the Bureau of Labor Statistics (BLS) in 2010, the median annual salary for HR specialists was $52,690. That isn’t even for managers. If you become a manager, you can earn a median annual salary of $99,180 per year. If you divide that out by hours, you are looking at around $47.68 per hour. That doesn’t even represent the top 10%.
The highest earners had salaries in excess of $166,400. That’s one of the highest salary figures you’re going to come across, and for good reason. HR managers take on an incredible amount of responsibility. Their decisions determine the health of an entire company. HR managers that make executive hiring decisions are particularly valued.
A bachelor’s degree is often sufficient to become a human resources manager, but for some top positions, a master’s degree may be required. Work experience is just as important. You will need at least several years of experience in HR taking care of day-to-day tasks in the workplace before you are likely to land a spot in management either at your company or another. So look into bachelor’s degree programs and plan to stay in school to complete your master’s degree. Within a few more years, you could become a human resources manager.