Human Resources Senior Vice President (SVP) Salary
For Human Resources Senior VPs, yearly average wages total $165K annually. Including potential for bonuses and profit sharing — peaking near $91K and $146K, respectively — total cash payment to Human Resources Senior VPs can bottom out near $108K or peak near $314K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by tenure. Most people is this field find their work highly enjoyable. The majority of Human Resources Senior VPs (64 percent) who took the survey are women. Most claim medical and dental insurance and a strong majority get vision coverage. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Human Resources Senior Vice President (SVP)
Human resources senior vice presidents (SVPs) oversee human resources departments in large organizations. Alongside other executives, they work to establish policies and business strategies to ensure that their organization makes appropriate recruiting decisions, and they may be directly involved in interviewing applicants for higher-level positions. They must help ensure that the company is in compliance with all laws and regulations related to human resources (HR), and if their company operates globally, they must also understand the applicable laws and regulations in other countries.Read More...
Human resources SVPs must stay up-to-date with changes in employment laws and regulations in all countries of operation and effectively manage their company's relationships with federal, state, and local regulatory agencies. They must ensure that employee benefit programs and salaries are competitive within their industry to attract and retain skilled and talented employees, and they also serve as internal consultants for department managers and other executives.
A bachelor's degree in human resources, law, marketing, business administration, or a related field is generally required for this position, and some employers require a master's degree. Applicants should also have prior managerial experience, strong verbal and written communication skills, and leadership skills, and some may need to travel to visit their offices within the country or overseas. To keep their skills up-to-date, they may also attend relevant conferences and read professional business journals.
Human Resources Senior Vice President (SVP) Tasks
- Set workforce and training goals for the organization, including recruitment and talent growth.
- Enforce organizational policies and investigate misconduct.
- Direct performance assessment goals and standards.
- Oversee human resources department, including communication and policy training.
- Develop assessment and review strategies to determine current state, needs and outreach.
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Pay Difference by Location
With a pay rate for Human Resources Senior VPs that is 111 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Human Resources Senior VPs will also find cushy salaries in Dallas (+30 percent) and Los Angeles (+18 percent). Location significantly influences compensation, with Philadelphia Human Resources Senior VPs earning much less — 34 percent less — than the national average. Below-median salaries also turn up in Columbus and Atlanta (17 percent lower and 11 percent lower, respectively).
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