Labor Relations Manager Career
Considering a career as a Labor Relations Manager? Find out all you need to know to decide whether this career is right for you.
- What does a Labor Relations Manager do?
- How to become a Labor Relations Manager?
- What is a Labor Relations Manager's Salary?
- How does the future look for a Labor Relations Manager?
What does a Labor Relations Manager do?
Labor Relations Managers fulfill a vital task for large organizations. They are in charge of assessing the labor needs of a company, understanding all legal stipulations and regulations both federal and state, and then developing a plan for negotiating contracts to fulfill staffing needs.
As a Labor Relations Manager, you will have to know the most effective theories, practices and techniques of contract arbitration while also having the confidence and leadership skills to manage a team of labor relations specialists.
You will need to be familiar with techniques of acquiring data with respect to wages, labor law and bargaining in order to be able to develop contracts that both appease individuals being hired (or unions) and are within a budget range allowing your organization to continue working toward their goals.
Labor Relations Manager's are typically highly educated in all Labor Relations fields such as dealing with grievances, wages and salaries, understanding how welfare programs affect bottom line, health care options, various types of pensions as well as typical union and management protocol while dealing with each other.
Successful Labor Relations Managers often find themselves experts in all fields of Human Resources. As can be imagined, it helps to know all pluses and minuses associated with being employed with your organization if you are skilled in the art of negotiation.
How to Become a Labor Relations Manager?
Educational requirements may vary slightly depending on the company, the area you wish to work and your previous work experience.
The minimum educational requirement is the completion of a Bachelor's degree. The type of bachelor's degree can vary, but typically a degree in human resources or business will best prepare you for a career as a Labor Relations Manager.
If you are interested in becoming one of the higher paid Labor Relations Managers then you may wish to earn an advanced degree such as an MBA with an emphasis in Human Resources or a Master's degree with an emphasis in Management.
Beyond a quality education and development of skills necessary to succeed as a Labor Relations Manager, you will need to learn where to gain experience by finding a job.
A great way to give your career a jump start is to hire a recruiting firm in your area. Or if you have time, begin contacting hiring companies directly. You may find posted career openings in various places such as newspaper classifieds, online classifieds (Craigslist) or internet job listing portals (Monster.com).
What is a Labor Relations Manager's Salary?
A Compensation Manager's salary can vary significantly depending on your level of experience, your level of acquired education and size of the company you work for.
The median salary* for a Labor Relations Manager is $88,500.
However, the top 10% of Labor Relations Managers are pulling in an average of $150,00.
In order to boost yourself to this level of success, you will need to perform highly, develop years of experience at a respectable company and lastly, earn yourself an advanced degree.
Request information from some of the top online schools in the United States. Online schools are becoming more popular for the working professional and are already highly respected in the business arena.
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* Source: The Bureau of Labor and Statistics for 2006
How does the future look for a Labor Relations Manager?
Labor negotiating is becoming increasingly complex. Companies continually have to be aware of employee skill trends to decide whether it is more profitable to outsource commodity type skills, use consultants or hire employees. It is the job of the Labor Relations Manager to be aware of these trends as well as all other wages and benefits associated with negotiating contracts.
With so much changing in the business world with no sign of slowing down, Labor Relations Managers have a promising and valuable career ahead of them.
The U.S. Department of Labor believes between 2004 and 2014, Labor Relations Manager career opportunities will increase by 16% from 61,900 to 71,800.
And as the Baby Boomers begin to retire, there will be an even larger demand by employers seeking qualified candidates to fill Labor Relations Manager positions.
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