Human Resources Senior Vice President (SVP) Salary
Human Resources Senior VPs in the United States take home approximately $162K annually on average. In the world of Human Resources Senior VPs, overall cash allowance can occasionally include more than $103K from bonuses and, in some exceptional cases, $144K from profit sharing, causing incomes to vary widely between $108K and $327K. Residence is the biggest factor affecting pay for this group, followed by career duration. Women account for the majority of Human Resources Senior VPs who responded to the questionnaire — 63 percent to be exact. This field is filled with high levels of job satisfaction; most Human Resources Senior VPs are happy with their jobs. Medical and dental coverage is claimed by most, and a strong majority earn vision coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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
San Francisco offers some of the highest pay in the country for Human Resources Senior VPs, 111 percent above the national average. Human Resources Senior VPs will also find cushy salaries in Dallas (+30 percent) and New York (+26 percent). Human Resources Senior VPs in Philadelphia make 34 percent less than the national average, proving that location is a major factor in pay. Workers in Columbus and Atlanta earn salaries that trail the national average for those in this profession (17 percent less and 12 percent less, respectively).
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