Salary of an HR Manager in India

The role of an HR manager, while often perceived as prestigious, carries a multitude of responsibilities and tasks. These responsibilities encompass endeavors such as optimizing employee productivity to enhance profitability and assisting employees in attaining predefined objectives. It is noteworthy that, in accordance with research findings, the demand for human resource managers has been steadily escalating. 

The HR industry experienced a 26% increase in employment opportunities from Q1 2017 to Q1 2018, with the profession poised to evolve into a fusion of technology and people analytics.

Below, there is a comprehensive overview of the remuneration structure for HR managers, examining influential determinants and additional benefits and incentives that are integral to their profession.

HR Manager Qualifications

Prospective candidates must pass Class 12 board exams from a recognized board, and undergraduate programs in commerce with a specialization in human resource management are preferred.

Candidates for post-graduation must hold an MBA degree, with specialization options including human resource management, sales and leadership, business intelligence and analytics, entrepreneurship, and general management. 

To pursue an MBA in Human Resources, candidates must successfully clear various management entrance exams such as CAT, MAT, XAT, MAH CET, and PGCET, among others. 

Alternatively, those interested can also consider enrolling in diploma courses related to human resource management. 

Salary of an HR manager in India

The average annual salary for a human resources manager in India stands at 9,00,000, ranging from 6 lakhs to 15 lakhs INR per annum. Additionally, the typical supplementary cash compensation for individuals in this role amounts to 1,00,000, with a range spanning from 40,000 to 2,00,000. 

According to Michael Page India's HR Salary Benchmark 2018, HR professionals in India can expect a salary increase of 16% to 20% when changing jobs. 

The average annual salary of an HR Manager in India Company-wise 

The average annual salary of an HR manager in India significantly impacts the decision-making process of companies when considering their recruitment. Consequently, presented below are the average annual salaries offered by the 5 most renowned companies with the best HR departments in this regard. 

Factors Influencing HR Manager Salaries in India

India's HR professionals need to enhance skills in employee relations, performance management, recruiting, benefits, compensation, team management, sourcing, administrative proficiency, and soft skills for higher salaries.

Experience: The salary structure for HR managers in India varies significantly, with entry-level managers earning 47% less than the industry average and seasoned practitioners earning 43% more. Industry experience can lead to more lucrative roles.

Geographical location is another pivotal determinant of HR manager salaries across India. Urban centers like Mumbai and Bangalore offer higher salaries, surpassing the national average by 30.2%, while Kolkata and Coimbatore offer lower salaries due to lower demand.

Here is the list of average annual salaries offered to HR managers in different cities: 

• Mumbai: 12.7 Lakhs per annum 
• Kolkata: 12.6 Lakhs per annum 
• Bangalore: 12 Lakhs per annum 
• Delhi: 12 Lakhs per annum 

Employer: The employing organization also exerts a substantial influence on HR manager salaries in India. HR managers should research competitive HR salary structures, industry trends, and career prospects when considering employment decisions, especially in sectors like information technology, banking, manufacturing, and healthcare, where HR manager salaries are notably influenced. For better salary package, you should know how to negotiate

The role of an HR manager in India carries significant responsibilities and opportunities. Factors such as skills, experience, location, and employer greatly influence HR salary levels.

With a surge in demand and the integration of technology into HR practices, this profession offers potential for substantial income growth, making it a promising field for those with the right skills and experience.

FAQs

Question 1: Do HRs have the highest salary?

Ans. In India, the typical yearly wage for a human resources manager is $90,000, with additional cash benefits ranging from $40,000 to $2,000,000.

Question 2: Which is the highest position in HR?

Ans. Chief HR Office (CHRO) is the highest position in the field of HR and works with the CEO and other senior staff.

Question 3: Is HR a powerful job?

Ans. Undoubtedly, HR and HR managers are the backbone of an organization’s success. Their work leads to smooth business operations and a happy and productive workforce. So, yes, HR is a powerful position one can hold. 

Ques. 4: What are the qualifications of an HR manager?

Ans. A bachelor's degree, HR expertise, interpersonal skills, and leadership experience are often required.

Question 5. Which stream is best for HR managers? 

Ans. Typically, candidates with a degree in human resources or business are often preferred for HR jobs.