In 2015, Forbes reported on findings from the Small Business Administration showing that Montana was home to the highest number of new businesses per capita in the nation in 2014. Beyond just small businesses, Montana is home to some of the most rapidly growing companies in the US, including five that made the Inc. 5000 list for 2014: Glacier Payments, Energy 1, Foundant Technologies, Adventure Life, and TicketPrinting.com & Ticket River.
Rapidly growing startup companies need to acquire talented new employees to fuel their growth. This places a premium on HR professionals such as human resources managers, training specialists, and compensation managers who work to ensure that these companies hire the best talent Montana has to offer. As companies compete for talented HR professionals, they raise the bar for initial salary offers and retention benefits.
As of May 2014, there were 1,280 human resources specialists employed in Montana according to the US Department of Labor. They earned an average of $51,750 a year with those in the 90th percentile earning an average of $81,410. More than half of these professionals were employed in nonmetropolitan areas of Montana as of May 2014.
Human resources managers earned an average of $87,980 as of May 2014. HR managers earning in the top 10% of their occupational category averaged $126,160 that year. There were 150 human resources managers employed in Montana at that time, 26.7% of which were in Billings.
Salaries for Human Resources Managers in Montana
According to the US Department of Labor, human resources managers in the Billings area represented the top earners for their occupational classification statewide (2014):
Human Resources Specialist Salaries Throughout Montana
Human resources specialists in Billings earned an average salary that was $6,500 higher than the statewide average according to data released by the US Department of Labor in 2014:
Salaries for Human Resources Assistants in Montana
In a salary analysis conducted in May 2014, the US Department of Labor reported that human resources assistants in Billings had an average salary that was 8.6% higher than the statewide average: