Based on their findings, they work to improve individual job performance and the overall health of its team members. The benefit of a healthy and happier workforce translates to a more stable and efficient organization. An Industrial Psychologist works with the Human Resources department to observe employees and their work environment to measure elements, such as job satisfaction and performance. Employee training, performance evaluations, and the company's hiring practices and techniques are also considered. By evaluating each employee's motivation and productivity, an Industrial Psychologist can help make the company a better place to work.
A PhD places emphasis on research and completion of a dissertation. More graduate programs are now offering a Doctor of Psychology (PsyD) for students who plan to work in a more focused setting. A PsyD focuses on applied clinical practice. How Much Money Does an Industrial Psychologist Earn? The salary range for Industrial Psychologists varies widely. According to the U. S. Bureau of Labor Statistics, the median annual salary for Industrial Psychologists is approximately $77, 000. Specialty in the field, experience, company size, and location are a big factor in salary determination. The top 10 percent of experienced Industrial Psychologists make more than $146, 000 per year. Industrial Psychologists in the field of Scientific Research and Development earn approximately $110, 000 annually. Those working in Architecture and Engineering earn around $105, 000, while those in Elementary and Secondary Schools make $83, 000, on average.