In 2014, Forbes reported that New Hampshire enjoyed a job growth rate of 1.4% over the previous year and the New Hampshire Union Leader indicated that the state can expect to see significant economic growth in the coming years. Economists echo this expectation, projecting significant job growth for the next several years. As businesses rebuild their labor force, they begin to rely more heavily on the hiring managers, training specialists and compensation managers in the HR departments.
New Hampshire is home to a number of rapidly growing companies, including twenty-two from the Inc. 5000 list of top companies. Some of the biggest drivers of job growth in the state continue to be companies that represent the tech and finance sectors with notables including the likes of RocketDrop, Edge Velocity, RE/MAX Insight, and Direct Capital.
As companies ramp up hiring, they turn to HR professionals to recruit and train the best talent. This has the effect of increasing the demand for highly skilled HR professionals, creating a competitive environment that the benefits the most qualified in the field. As these companies compete for experienced HR professionals, they offer higher salaries as a way to attract top talent.
Salary Expectations and HR Job Concentration in New Hampshire
As of May 2014, there were 1,900 human resource specialists and 510 human resources managers employed in New Hampshire according to the US Bureau of Labor Statistics (BLS).
The BLS reported that HR managers in New Hampshire earned an average of $109,770 as of May 2014 with those in the top 10% of their profession earning an average of $164,760.
Such professionals in the Western nonmetropolitan part of New Hampshire had the 2nd highest average salaries of those in any rural area of the country.
Human resources specialists are in demand in New Hampshire, with the Portsmouth area having the 6th highest concentration of these jobs of any metropolitan area in the country as of May 2014.
The average salary of HR specialists in New Hampshire was $58,450 that year, while those in the 90th percentile earned an average of $88,490.
Salaries for Human Resources Managers in New Hampshire
Human resource managers in the Portsmouth area were exceptionally well paid according to the US Bureau of Labor Statistics. As of May 2014, their average salary was 25.4% higher than the statewide average for this occupational class:
*Earnings are more than $90 an hour and $187,199 a year. The US Bureau of Labor Statistics does not report salaries beyond this level.
Human Resources Specialist Salaries Throughout New Hampshire
The salaries for human resources specialists were exceptionally high for those in the Rochester area and the Southwestern nonmetropolitan area of New Hampshire according to a May 2014 analysis conducted by the US Bureau of Labor Statistics:
New Hampshire Human Resources Assistant Salaries
Human resources assistants in the Rochester area had the highest average salary in the state for this occupational class as of May 2014 according to the US Bureau of Labor Statistics: