GSDC Council
What can HR professionals expect to earn as Business Partners in 2024? As organizations increasingly recognize the strategic value of Human Resources, the HR Business Partner role has become more critical than ever. The HR business partner’s salary reflects his or her pivotal role in aligning HR strategies with business objectives, driving organizational performance, and fostering a positive workplace culture.
The rise of hybrid and remote work models has also impacted salary trends as organizations strive to attract and retain top HR talent in a competitive market.
What Is an HR Business Partner?
HR Business Partners play an essential role in connecting human resources practices and operations with the business side of the company to achieve its goals or visions. They are accountable for contributing to adding value to businesses and supporting the industry in making strong and informed decisions. These individuals work with managers to make sure that HR events are aligned with their requirements. Let’s explore how much an HR business partner makes.
Role of HR Business Partner
The HR Business Partner is a strategic liaison between HR and management, ensuring that HR initiatives align with business goals. They collaborate closely with leadership to develop and implement HR strategies that enhance organisational performance, foster employee engagement, and support overall business objectives. They act as both advisors and advocates within the company. To get this in detail, make sure to check certified HR business partner.
Importance of HR Business Partner
HR Business Partners are crucial for bridging the gap between HR and the business. Their role ensures that HR strategies are aligned with and drive the company’s goals. By understanding the business deeply, HRBPs help shape a positive work environment, promote a strong organizational culture, and enhance employee satisfaction and retention.
The Average HR Business Partner Salary in 2024
The average salary of an HR business partner in India is INR 926,553, and it is expanded to the range of INR 600,000 to INR 1500,000.
In terms of businesses, the average salary for an HRBP role at Wipro is INR 1,057,503; at Bharti Airtel, it is INR 1,200,000; and at Amazon, it is INR 1,470,000.
According to PayScale, the HR business partner salary for this job role in the US is $78,931 per year. The salary is also based on the total number of years of experience, education, certification, industry, and other human resources skills.
The salary is also based on the location. When it comes to Chicago then is $83,135, and in New York it is $95,536.
The average HR business partner salary in Canada is $89,640 per year. The entry-level positions start at $84,922 per year, and on the other hand, experienced professionals can earn up to $99,888 per year. The following table also shows the salary based on region.
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