Tracking salary trends is important for companies and job seekers. Yet, doing so becomes increasingly difficult as the digital world evolves. The rapid pace of change makes finding reliable salary data difficult.
In general, job seekers have the upper hand right now, especially when it comes to Human Resources talent. Unemployment is low, and businesses are hustling to not only find recruiters, but retain them. And so, while job seekers definitely want to know their worth, companies must also know what to expect to pay for these positions.
That’s why we’ve developed a tool to aggregate public-facing salary information with our own data. And with this data in hand, we can discuss what we’re seeing across the Human Resources sector, as well as salary ranges for the top positions in Human Resources.
This helps all of us make informed decisions. It also helps us help you.
What We’re Seeing in Human Resources
We’re noticing an uptick in hybrid roles. There is more recruiting happening, but it’s combined with more HR functions as well, such as building out the on-boarding function, increasing retention and improving the candidate experience.
Why is this? Because companies want to retain their recruiters, so they’re diversifying their job roles. They also want to speed-up the recruiting process.
Meanwhile, recruiters who speak “tech” are at a premium, and companies are now aggressively adding tech recruiters to fill out their IT teams.
The HR sector is becoming more specialized overall. For example, media companies want recruiters who specialize in media. It’s about the network these recruiters bring to the table and how quickly they can ramp-up.
Finally, Talent Acquisition, Total Rewards and HR Business Partners are all specialties, and all hot areas within HR, that are demanding higher salaries.
Human Resources candidates need to know their worth—and so do the companies hiring them. Demand for recruiters is high, and tech recruiters are at a premium. But regardless of the latest trends, we’re always about transparency, setting expectations and making sound decisions.
Hirewell is Your Partner in Understanding the Current Salary Trends for the Roles Your Organization is Looking to Fill
We’re also here to provide you with the insights you need to make smart decisions.
Finally, our data is specific to Chicago, but if you want to compare data in Chicago to other cities, we recommend Nerdwallet’s cost of living calculator.