Human Resources (HR) is a core business area and profession which has risen in stature and demand over the years. Most of the highest paying HR jobs in India are also the most rewarding in job satisfaction and professional growth.
In recent years, the practice of strategic human resource management has gained prominence across industries. It is all about effective planning for organizational HR needs, managing the workforce, and supporting employee development in a way that improves business performance.
Human resources determine the success and failure of any enterprise, driving its vision and profitability. Therefore, the management of this business function is critical to creating a sustained competitive advantage in the industry. Moreover, the corporate culture expressed in the mission and value statements can be reinforced through the training, communications, learning and development, and performance management processes.
Organizations are supposed to be harmonious and integrated spaces where goal-sharing and team-orientation hold fundamental significance. This standpoint makes the task of human resources personnel all the more relevant.
Now, before we talk about the potential career options and highest salary HR jobs in India can get you, let us first list the primary HR activities:
- Human resource planning
- Job design and analysis
- Recruitment and selection
- Compensation and employee welfare
- Performance management
- Training and development
- Maintenance of managerial and labor relations
With this in the backdrop, let us look at some possible career paths you can take after earning a degree in this domain. Based on your profile and aspirations, you can shortlist and come down in favor of the roles that generate your interest.
So, let us describe the different job prospects one by one. We have also mentioned the median annual compensation associated with these positions in India, estimated by the salary search platform PayScale.
Highest paying HR Jobs in India
1. HR Manager
Human Resource Managers are generalists who act as links between the directors and the executive level of corporate management. They spearhead teams of recruiters and other specialists to tackle particular HR-related problems and deliver successful projects. They also ensure that all procedures are in line with business laws and company policies.
Additionally, HR managers look after staffing, compensation and benefits, training, and labor relations. Since they have to juggle multiple HR components, having effective communication and time management skills is vital to do this job. Moreover, you would need to develop your analytical skills and a team-oriented mindset to facilitate productive workplace solutions.
Although a business administration background is not essential for an entry-level job, specialized credentials can improve your chances of getting an interview call. Organizations that offer lucrative managerial remuneration prefer individuals who exhibit the required knowledge and competencies and have three to five years of industry exposure.
In India, HR managers can earn an average salary of Rs 7,09,361 per annum, depending upon the company and the city.
2. Training and Development Manager
These HR professionals work involves supporting the employees through education, training, and career planning interventions. These activities range from organizing orientation sessions for new employees to facilitating in-person workshops for existing staff to conducting personal and professional development courses.
Training and development managers are adept at composing training collaterals, such as booklets and manuals. They hold meetings to gauge employee interests and motivations and interact with external trainers, experts, and agencies.
Therefore, they need excellent people skills to do their job effectively. Besides, they must be abreast of regulatory procedures and compliance requirements and communicate the same to employees.
According to PayScale, mid-career training and development managers in India are paid total compensation of Rs 7,76,418 per year.
3. Compensation and Benefits Manager
This HR managerial position involves the preparation of compensation and benefits programs for organizations. Their work includes selecting and implementing plans by synchronizing their company’s budgetary constraints with the employees’ demands. The end goal is to pick the remuneration policy that allows for attracting and retaining talent.
As a compensation and benefits manager, you would be required to have a grasp of pay and perks, allowances, pension, insurance, corporate policy, and employment and compensation laws. Modern and globalized workplaces also necessitate that managers understand the fundamentals of strategic management.
While developing compensation and benefits plans, you would be faced with assessing factors like the region’s general economic conditions, acceptable standard of living, political and social environment, and competitors’ paying capacity.
In India, the average annual salary of compensation and benefits managers is estimated at Rs 12,99,064.
4. Recruitment and Placement Manager
The person at the helm of hiring new employees in a corporate is generally given the Employment, Recruitment, and Placement Manager title. The primary job duties include directing the team in:
- Selecting sources of recruitment
- Screening qualified candidates
- Deciding which individuals to pursue
These managers typically work under the guidance of HR managers or directors. Moreover, they have to communicate with the hiring managers of different departments to get an idea about their personnel needs and vacancies.
Apart from working with teams, recruitment managers should have an eye for detail and good interviewing skills. They should be trained in recognizing high potential candidates from a pool of applicants and discern how they fit within the corporate culture.
The expected pay for this position in India is about Rs 4,97,351 annually. The earnings increase as you move up the corporate chain to occupy senior roles.
5. HR Consultant
HR consultants are skilled in analyzing a company’s human resources situation and devising policies, employment structure, benefits packages, performance incentives, and many other issues. These experts usually work in a contractual capacity, helping HR managers with specific tasks.
They study the existing employment and provide recommendations to bring about the desired changes and maximize the advantages. For example, they advise the leadership and suggest how to deal with labor-management conflicts.
To work as an independent consultant, one needs to have accumulated years of experience working in-house in an HR role. In India, you can make Rs 4,00,852 per annum on average with a private HR consulting practice. And as you take up more assignments, you can expect to get a higher salary.
Also Read: Highest Paying Cities for MBA
6. Executive Recruiter
Executive recruiters or headhunters are responsible for finding senior executives to fill leadership roles in corporations and large nonprofits. They need to have some idea about the hiring industry to convince prospects to join their client organization. It is a high-responsibility job as it requires you to develop a plan for why a senior professional should leave their current place of work and work for the competitor.
Other than identifying the appropriate skill and culture match from the job market, presenting top talent to the employer company is another vital aspect.
Successful executive search professionals enjoy a handsome remuneration. They get paid on a retainer basis, in full upon a candidate’s presentation, or a portion/percentage of the hired executive’s compensation. PayScale estimated the starting annual earnings of an executive recruiter in India at Rs 4,50,000.
7. International HR Associate
As the title suggests, this HR position comes with global responsibility. International HR associates perform generalist tasks, such as posting jobs, screening applicants, reviewing compensation and benefits packages, and so on. For a multinational corporation, these standard activities have to be adjusted according to the employment markets around the world. Therefore, their role encompasses fine-tuning HR strategies accordingly.
The pay grade for international associates is slightly higher than their national peers. Moreover, multilingual individuals who have lived experience in certain countries may have an advantage in landing this job position.
The median annual salary is approximated at Rs 4,65,434.
8. Employee Relations Specialist
These specialists act as a bridge between management and labor unions in large corporations. They draw up employment contracts adhering to labor regulations and demands. They also represent their client company in any legal action and sometimes serve as public relations specialists.
To work as a labor relations specialist, you need to have a sound understanding of the laws, politics, and other issues at the local, state, and national levels. Other must-have competencies include excellent negotiation and communication skills and the ability to write and interpret legal documents. So, Law graduates may find this career path particularly attractive.
PayScale reports the average total compensation for employee relations professionals in India to be Rs 4,54,505 a year.
9. HR Director
An HR Director is the person-in-charge of the company-wide policies on recruitment, compensation, promotion, termination, and other human resource areas. It is a senior-level position concerned with setting the tone for all HR activities in the organization.
Directors are responsible for designing the overall compensation and benefits policy to keep the employee morale and motivation intact. Additionally, they keep a finger on the industry’s pulse and analyze the employer’s paying capacity for different positions. Therefore, budget management, logical reasoning, and leadership qualities are central to their role.
HR Directors in leading companies can earn as high as Rs 27,50,196 per annum.
10. Vice President of Human Resources
The Vice President of Human Resources may be referred to as the Chief Human Resources Officer (CHRO) in some situations. As a member of executive management, they are closely involved in setting the company’s strategic direction. CHROs oversee every aspect of the HR department and report directly to the CEOs.
Generally, it would be best if you had at least a decade of progressively responsible work experience to work at this senior position. If you aspire to advance to this stage, master the intricacies of corporate human resources and focus on building your decision-making and judgment skills.
According to PayScale, a VP position in Corporate HR pays about Rs 21,60,616 yearly.
What to do to build a career in HR?
You can opt for a Global MBA and specialize in a relevant area like Human Resource Management or Strategic Management. It comes with dual certification from LBS and IMT and a week-long immersion program at the university campus. Here is an overview of what these courses intend to teach you:
- Introduction to HR for Non-HR managers
- Organizational Behaviour as a discipline
- Workforce Planning and Recruitment
- Employee Training and Development
- Employee Engagement, Retention, and People Performance
- Business Laws and Ethical Concepts
- Business Communication
- Decision Science
- Enterprise Management
- Business Strategy and Leadership
- Digital Business Innovation
- Change Management for Sustainable Futures
- Case studies from Harvard Business Publishing
While selecting a suitable program, it is best to evaluate the alternatives based on the syllabus, pedagogy, faculty profile, networking opportunities, and career support. Enrolling in an online degree can offer a cost-effective and flexible way to get the same experience as the traditional on-campus counterpart. So, it is advisable to carefully discern your strengths and weaknesses and then choose the route that best aligns with your needs.
The modern relevance of the HR profession
Strategic management, in essence, is about decision-making with a long-term perspective. It focuses on taking actions that lead to superior performance, continually adjusting the three poles of senior management, external environment, and internal resources.
The Harvard Framework on HRM says that organizations need to form a comprehensive view of human resources as viable assets instead of variable costs. And an entity that succeeds in doing so would develop such attributes that allow it to outperform its competitors.
The coronavirus outbreak in 2020 has highlighted the link between HRM and business goals. Moreover, it has always been a challenge for companies to build and retain a strong talent pipeline. Employers need to adjust to the shifting workforce requirements and give preference to revitalize their organizations with the use of new technologies and capacity building initiatives.
The above information on the highest paying HR jobs in India would assist you in your career planning process. You now understand what to expect from a learning program and make an informed choice regarding your higher studies. If you are a job-seeker, knowing about the highest salary HR jobs in India pay to qualified candidates would be useful.
And if you are already working, you can use the details to identify your skill gaps and advance up the professional ladder. The takeaway here is that we need to be aware of the industry requirements, adapt according to the situation, and realize our true potential by staying curious!