Between April 2014 and April 2015, New Jersey added 46,406 jobs according to the state’s Department of Labor and Workforce Development. Eighty-six percent of this growth occurred in the private sector.
Many of New Jersey’s companies are rapidly growing, and the state had a particularly large number of companies listed on the Inc. 5000 list for 2014. In total, there were 164 companies in the state that met the criteria for this elite list. Notable companies were largely from the tech sector and included Axtria, Victor Securities, Technomax, Intelligent Auidt, Marketsmith, SPHERE Technology Solutions, and Bai Brands.
As the economy surges and job growth reaches new highs, New Jersey-based companies seek the best talent they can find. This is particularly true for rapidly growing firms that need new employees to fuel their continued growth. More hiring increases the need for headhunters, HR managers, labor relations specialists, and compensation managers, among many other specialized HR professionals. As the demand for HR professionals goes up in New Jersey, competition for the top HR talent drives up the salaries offered to the most desirable job candidates.
Salaries for New Jersey’s Human Resources Professionals
With an average salary of $144,280, human resources managers in New Jersey enjoyed the highest average salary in the country for their professional classification as of May 2014 according to the US Bureau of Labor Statistics.
Two of New Jersey’s metropolitan areas were the highest paying such areas in the country for HR managers:
- 2nd highest paying: Edison-New Brunswick
- 4th highest paying: Newark-Union
Human resources specialists in New Jersey were earning an average salary of $69,550 as of May 2014. This was 11.1% higher than the national average for this type of position.
Salaries for Human Resources Managers Throughout New Jersey
HR managers in the Edison-New Brunswick and Newark-Union metropolitan areas earned an average salary of more than $150,800 as of May 2014:
*This indicates earnings that were greater than $90 an hour or $187,199 a year. The US Bureau of Labor Statistics does not report salaries that exceed these levels.
Salaries for Human Resources Specialists in New Jersey
Human resources specialists in the Newark-Union and Trenton areas earned average salaries that were higher than that for New Jersey as a whole as of May 2014 (US Bureau of Labor Statistics):
Human Resources Assistant Salaries Throughout New Jersey
According to the US Bureau of Labor Statistics, human resources assistants in the Trenton area had the highest average salary in their professional class statewide as of May 2014.
Those in the 90th percentile in the Newark-Union area earned the highest average salary for HR assistants statewide: