The best job markets, from a geographic perspective, will vary depending on the occupation. Since the job of Human Resources (HR) Manager entails leading an organization’s HR programs and policies, it seems logical that major companies will have the greatest demand. According to the U.S. Bureau of Labor Statistics (BLS), companies and enterprises employ the largest number of HR Managers. The total in the former category as of May 2015 was 19,240, followed by local government at 8,060, employment services at 4,710, and medical and surgical hospitals at 4,310. What do these figures reflect with respect to the highest employment level by state?
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At number one is California that employs, as of May 2015, at total of 15,660 HR Managers at a annual mean wage of $131,560. Next was New York state with 9,960, Illinois at 8,060, and fourth is Texas at 6,350 HR Managers. What the top three states have in common are highly populated cities with a concentration of businesses. These are: New York City, Chicago, and Los Angeles. As referenced in a report by randstadusa.com, human resources managers can be found across the U.S., but the greatest numbers are found in these 3 cities. However, the demand did not exceed the supply in all three of these cities. For example, in 2015 Chicago had a supply of 10,750 HR Managers, whereas the demand was 8,975. New York City had their demand exceed the supply in 2015; the supply was 14,228, and the demand was 14,926-a small difference though.
The aforementioned numbers support the premise that the best employment opportunities exist in the more populated cities. Therefore, from Seattle in the northwest to Miami in the southeast, these areas will probably afford better job prospects. But population is not the only factor affecting the job market. Typically, the greater the number of employees, the larger the HR staff. A company such as Providence Health & Services, headquartered in Renton, Washington employs 45,000; Thermo Fisher Scientific Inc. employs 50,000 in 50 countries, and Dell, headquartered in Round Rock, Texas, employs 103,000 people around the globe. These are examples of companies with billions of dollars in assets who have substantial HR departments. The larger corporations may also provide more job opportunities through turnover, promotions, retirements and attrition.
Another statistic to consider, per the BLS, is the states with the highest concentration per thousand jobs. At the top of the list is the District of Columbia with 2.14 (2015), then Minnesota at 1.48, Illinois at 1.38, followed closely by Massachusetts at 1.36 per thousand jobs. In other words, in D.C. there are an average of 2.14 HR Managers for every 1,000 people employed in all occupations. D.C. also has the highest median salary at $145,910. Since Washington, D.C. and environs has a heavy concentration of government employees, this enhances the job prospects in this sector. All federal agencies, from the Small Business Administration (SBA) to the Federal Home Loan Banks, Office of Finance, require HR Managers.
The BLS predicts the occupation of HR Manager will increase at a rate of 9% through 2024 or 10,800 jobs available. The average salary was $104,440 in 2014 based upon 5 or more years experience with a Bachelor’s degree. Therefore, the job prospects look promising in the near future as does the financial reward. Though the employment possibilities may be greater in some states and cities, there is no need to confine your search to a major metropolitan statistical area. Whether there are a few dozen or several thousand employees, there remains the demand for Human Resources personnel.