In today's world, human resource management has become an important aspect for any organization to properly function. The role of HR is to hire, manage, and develop the workforce that drives the success of an organization. However, one of the significant concerns when it comes to HR is their compensation. This article is going to take a closer look at how much HR earns in South Africa.
What is Human Resource Management?
Human Resource Management (HRM) is the strategic management of the employees within an organization with a primary purpose of maximizing employee performance to meet organizational goals. HRM also involves the implementation and management of workplace policies and benefits, as well as compensation and training.
What is the Average Salary for HR in South Africa?
According to Payscale, the average salary for HR in South Africa is R278,345 per year or an equivalent hourly rate of R134. This salary varies depending on the level of experience, the size of the organization, and the industry in which they work.
Salary Range based on Experience:
The salary range for HR professionals tends to increase with experience. A junior HR professional with less than a year of experience earns an average total compensation of R145,901, while an experienced HR professional with 10-19 years of experience earns an average total compensation of R447,211.
Salary Range based on Industry:
The industry in which an HR professional works can also impact their salary. For instance, the following industries offer different average salaries to HR professionals:
- Financial Services: R335,971 per year
- Consulting: R312,104 per year
- Manufacturing: R300,481 per year
- Retail: R287,695 per year
- Non-Profit organization: R227,948 per year
Conclusion
Human Resource Management is crucial for the success of any organization, and the compensation of HR professionals in South Africa depends on several factors such as experience, organization size, and industry.
As we have seen above, the pay for HR professionals in South Africa could range anywhere from R145,901 to R447,211 per annum. So, if you are considering pursuing a career in HR, it’s essential to determine what level of education, knowledge and experience you’ll need to earn a competitive salary.
