In 2014, Forbes rated New York as having the third best economic climate in the country, playing a host to corporate headquarters for a full 10% of the country’s 1000 largest companies. New York is also home to some of the most influential start-ups and rapidly growing companies actively seeking top talent as they expand operations.
Among these are 335 companies that made the Inc. 5000 list for 2014. The list showed the tech sector to be among the fastest growing in the state and included such notable companies as Centric Digital, ReviMedia, Adore Me, and Crowdtap.
Both large established companies and rapidly growing start-ups rely heavily on recruiters, hiring managers, training specialists, labor relations managers and other HR professionals as they bring new talent aboard. In New York’s strong job market, competition for the skilled HR professionals needed to recruit, screen and train a growing workforce has led to a virtual bidding war for top HR talent. This has resulted in much higher salary offers than have been seen in the past.
Salary Expectations and Job Growth Projections for New York’s HR Professionals
Both HR managers and HR specialists in New York State had the fourth highest average salary in the country as of May 2014 according to the US Department of Labor.
In May 2014, there were 29,000 HR specialists employed in the state. Because of this, the US Department of Labor rated New York State as having the 3rd highest level of employment in the country for this occupational classification.
The New York-White Plains-Wayne metropolitan area has proved to be a particularly good area in which to work as an HR professional:
- It had the highest level of employment for HR managers of any metropolitan area in the country
- HR managers in the New York City area had the 8th highest average salary of any metropolitan area in the country
- New York City had the highest employment level for this professional classification of any city in the country as of May 2014
- In May 2014, there were 20,860 HR specialists employed in New York City
Salaries for Human Resources Managers in New York
Human resources managers in the New York-White Plains-Wayne metropolitan area earned the highest average salary in the state as of May 2014 according to the US Department of Labor:
*Salaries are equal to or greater than $90 an hour or $187,199 a year. The US Department of Labor does not provide detail on salaries that exceed these values.
Human Resources Specialists Salaries in New York
The US Department of Labor reported that the best paid human resources specialists in the state worked in the Poughkeepsie area as of May 2014. Still, the highest average salary for HR specialists was in the New York City area that year:
Salaries of Human Resources Assistants in New York
According to the US Department of Labor, human resources assistants in Glen Falls who earned in the top 10% of their profession had an exceptionally high salary as compared to the rest of the state as of May 2014. HR assistants in the New York City area earned the highest average salary: