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The median compensation for HR professionals at large US companies rose by 11% in 2012, increasing at the fastest rate in at least two years, according to the findings of a new study.
The research firm Equilar found that that pay jump is attributable to the additional responsibilities added to the HR professionals’ portfolio.
HCOnline.com has all the details:
Using publicly-disclosed information as well as data from Equilar’s 2012 Top 25 Senior Officer Compensation Survey, the following figures were revealed:
- For the 180 HR executives at companies that participated in both the 2012 and 2011 Top 25 Surveys, median total compensation increased 11.0% year-over-year.
- The median value of performance-based awards also rose by 23.3%.
- There is a 19.8% pay difference between male and female HR Named Executive Officers at Fortune 1,000 companies.
- HR executives in the Healthcare and Life Science industries were paid more than any other industry.
- 87.2% of HR executives in the Food and Beverage industry were eligible to receive perquisites, the highest level of any industry.
- Time-based stocks were the most commonly used incentive vehicle with 62.7% of HR executive receiving this perk.
Time to ask for a raise?