How much is the Salary of a Chief Human Resources Officer in Nigeria?
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October 25, 2023
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When people take up jobs, apart from the passion that spurs them to do their best, the salary is a common factor too. This is why people want to know how much a job is paying so that they don't sell themselves short.
Chief Human Resources Officer sounds like a role that would earn a very decent salary. However, this decision is mostly influenced by the organization such professionals belong to and their ability to bargain their salaries.
Who is a Chief Human Resources Officer?
For every organization with active employees, there must be a human resources department that oversees various aspects of the employees' life cycle. The CHRO, also known as the Chief Human Resources Officer is the highest-ranking employee of the human resources department, and other human resources officers within the organization report to them. They, by all means, shape the organization's workforce and ensure that their delivery aligns with the goals and objectives of the individual.
What does a Chief Human Resources Officer do?
They lead efforts to improve the organization's effectiveness, from restructuring to creating a better and positive work environment.
Hiring, onboarding, training, and development of staff members, as well as succession planning and performance management.
Designing salary structures, and suggesting package benefits and incentives to attract and retain talents.
Managing employee grievances and ensuring a positive workplace for all.
Settling disputes and conflicts and seeing to it that everyone works as a team eventually.
Being a fair and perfect intermediary between the organization and the employees.
Where can a CHRO work?
A CHRO can work anywhere, as long as the organization has employees that work for them. You will certainly find a CHRO in:
Banks
Fintech companies
Food and drink companies
Tax and Audit firms
Manufacturing companies
Telecommunications companies.
Technology companies and so on.
Salary of a Chief Human Resources Officer
Chief Human Resources Officers are superior to other human resources officers within the organization and it can only mean that the salary of a Chief Human Resources Officer may be more. According to information obtained from World Salaries, the average salary of a Chief Human Resources Officer in Nigeria is about N600,000 monthly totaling over 7.2 Million annually.
SalaryExplorer also says that the average monthly salary of a CHRO is N504,000 which amounts to a total of N6,048,000 annually. So, we can say that a CHRO earns between NN6,048,000 - N7,200,000 yearly. Depending on the organization, Chief Human Resources Officers can also be open to other benefits such as:
HMO
13th-month Salary
Medical Insurance
Paid leave and so on.
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