CHROs in the healthcare industry are the highest-paid

stock-photo-business-augmented-reality-a-2501265 (2)-062399-edited.pngCompensation for C-suite executives in HR has increased as the role has risen in stature at public U.S. companies, according to a new report on HR pay trends.

Among a sample involving the 500 largest U.S.-based or listed companies, compensation for HR executives grew from $1.6 million to $1.7 million from 2015 to 2016.

CHROs in the healthcare sector and the technology industry were the largest beneficiaries. Healthcare HR executives saw about a 16 percent increase in pay at the median, reaching $2.2 million in fiscal year 2016.

C-suite executives in the technology industry are the second-highest paid HR leaders; salaries increased roughly 4 percent to $1.9 million.

Among the companies included in the study, nearly 30 percent of compensation for HR executives in human resource was, on average, awarded in stock grants that pay out only if performance goals are achieved.

For more on the report, published by Equilar, view this information.