Is HRM a good career option?

An organization's work culture, business ethics, human resource planning and employee performance all have a significant impact on its success, and all three require effective management techniques. The role of human resources (HR) is now relevant in this situation. It is crucial to develop positive employer-employee connections and strengthen workplace culture through human resource planning. 

Is human resources a suitable career choice even if it is recognized as the center of an organization? This article will give you a detailed answer to his question.

What is HRM?

Human resource management (HRM) is the activity of finding, hiring, directing, and overseeing employees. It is basically a process of human resource planning. HRM is frequently referred to as simply "human resources" (HR). A company's or organization's HR department is frequently in charge of creating, enforcing, and overseeing the company's rules surrounding workers and their interactions with them.

What does an HRM profile individual do?

Professionals in human resources have often only been involved with hiring, onboarding, training, payroll administration, and performance reviews. This one-dimensional worldview surrounding the HR industry has changed, nevertheless, in modern times. Now, its more about the complete human resource planning.

HR professionals are now more focused on putting into practice relevant policies that support organizational growth and shape the culture of the business. Administrative responsibilities have clearly given way to increased engagement with the company. Advanced digitalization has also led to updated methods, some of which even call for coding expertise in human resources.

As a human resources professional, you may anticipate doing the following key duties:

• Recruiting and acquiring talent
• Calculating payroll
• Overseeing staff development and training initiatives
• Promoting safety at work
• Management of employee welfare and support
• Regulation and legal compliance
• The control of employee relations
• Putting in place performance evaluations
• Support for career growth
• Complete human resource planning
• Managing perks and rewards

Five reasons to choose a career in HRM

To create a difference

An HR manages the most precious corporate asset, that is people. They are also accountable for organizational outcomes. Working in HR may assist develop an organizational culture and affect the employee work experience at every level. You could have access to insider information about how the entire organization functions and the chance to take part in its expansion and development through human resource planning.

Challenging

The skill of finding, keeping, and recruiting exceptional talent. The stakes are considerably higher depending on the industry as new norms and expectations are brought about by the millennial age, making it a really strategic role.

Constantly Evolving 

In order to provide value, the function integrates a variety of qualities, such as a combination of knowledge and abilities on the one hand and psychology, behavior, and finance on the other. New activities, jobs, and people are presented to interact with every day.

Promises growth and development

There are possibilities for learning and growth, as well as plenty of prospects for progress and high job satisfaction, depending on one's expertise and specialization.

Competitive and distinct entrance criteria

A firm sense of integrity is necessary for HR due to access to private employee data. You will also require the necessary schooling, company management skills, and financial and accounting understanding. Although it is also feasible to transfer into HR after working in an operational function for a number of years, getting a formal HR degree is becoming more and more crucial in the current competitive employment market.

Most popular profiles in HRM

Training and Development (T&D) Manager

A T&D Manager's primary duty is to supervise staff training and development initiatives. They:

• Implement educational initiatives
• Control HR professionals
• Teach them how to train
• Human Resource Planning 
• Develop technical and soft skills development sessions, staff training programs, and mentoring seminars for both new and seasoned personnel.

Additionally, they need to be well knowledgeable about the regulations that affect employee training.

Chief Human Resources Manager

The management and supervision of human resources within a business are within the jurisdiction of the CHRO. Important tasks include

• Guarantees operational effectiveness
• Advisory role for the senior leadership team.
• Oversee labor relations, employee benefits, and other operations.

To make sure that all procedures are in line with the objectives of the organization, they also oversee human resources experts and other recruitment teams.

International Human Resources Associate

This position necessitates knowledge of worldwide market-focused recruiting, HR tactics, and employee development. An international human resources associate hires qualified applicants for pertinent roles all across the world. They must be well knowledgeable about global compliance and compensation schemes.

Human Resources Consultant

A specialist who accepts contract employment in HR for a business is a human resources consultant. They often have years of expertise in the sector and are capable of handling anything from hiring to enacting new workplace regulations. Maximizing the capabilities of the human resources division is their main responsibility.

Human Resources Manager

The management of the workforce at the ground level falls within the purview of a human resources manager. These duties consist of:

• Putting organizational strategies into practice
• Creating regulations for employee training
• Collaborating closely with the senior executives of the company

To make sure that all procedures are in line with the objectives of the organization, they also oversee human resources experts and other recruitment teams.

Also Read: Risk Factor in Talent Management

Goals of HRM

Four main categories define HRM goals:

The Societal goals

These are the measures that are put in place in response to the company's and its workers' ethical and social demands or problems. This covers judicial matters like equal opportunity and remuneration for equal effort.

Organizational goals

Actions performed to guarantee the organization's effectiveness. This includes offering training, employing the appropriate amount of workers for a particular job, or preserving high staff retention rates.

Operational goals

Rules are applied to keep HR running smoothly across the whole business. This involves ensuring that HR's resources are all used to their fullest advantage.

Personalized goals

Resources that support each employee's individual ambitions. This involves preserving employee happiness and providing the chance for education or professional advancement.

Five Best Colleges in India for HRM

Xavier Labour Relations Institute (XLRI) Jamshedpur

The XLRI’s first offerings were training programs for union officials. The program has changed over the last 50 years, and it is now a PGD in Human Resource Management. A student today has the option of specializing in either human resources or industrial relations. XLRI has 60 seats available for the program.

Tata Institute of Social Sciences Mumbai

One of the most renowned institutions in India for Human Resources studies is the Tata Institute of Social Sciences, located in Mumbai. The School of Management and Labour Studies provides an MA in Human Resource Management and Labor Relations. The 60-student program aims to transform each student into a graduate who is both professionally competent and socially conscious through case studies, presentations, dissertations, fieldwork, etc in human resource planning.

International Management Institute (IMI) Delhi

Two years are required to complete the Post-Graduate Diploma in Human Resource Management (PGDHRM) program at IMI-Delhi, which also includes a summer internship. The curriculum was designed with the requirement for HR professionals who are business aware, sensitive to the needs of the corporate environment, and skilled at developing a valued human resource in mind.

Indian Institute of Management (IIM) Ranchi  

The first IIM to offer an HRM program is IIM-Ranchi. The two-year PGDHMR program at IIM Ranchi has six terms. The curriculum for the first year covers basic management topics such as organizational structure, corporate ethics, business communications, operations, and marketing. 

University Business School (UBS), Panjab University, Chandigarh

At its Chandigarh location, Panjab University's University Business School provides an MBA in HR. The UBS program, one of the most reasonable MBA programs, lasts for two years. The university aspires to offer the best and most up-to-date worldwide learning and training in the field of HR with a restricted seat intake of 34 students.

Conclusion

To sum up, a job in human resources offers tremendous opportunities for development, learning, and progress. You get to learn everything about human resource planning. Human resources is a great career choice if improving employee dynamics, influencing an organization's culture, or putting rules into place excite you.

Frequently Asked Questions

Which college, public or private, would be preferable for studying for an MBA in human resources?

Ans. There isn't a set of criteria that can determine whether a government MBA college or a private business school is superior for specializing in human resources. MBA candidates should think about things like course content, cost, infrastructure, faculty, and other resources, as well as placement while selecting an MBA program in human resources.

What is the salary slab for MBA HR students?

Ans. The typical MBA in HR pay ranges from INR 2 lakh to INR 7 lakh.

Who may pursue this MA in HRM?

Ans. Candidates who have earned bachelor's degrees and the 10+2 exam can pursue a master's degree in human resource management. Additionally, applicants who have completed a master's degree in human resource management are qualified to enroll in Indian and foreign universities to pursue a Ph.D., PG Diploma, or MPhil.

Is there a separate MBA admission test for the HR concentration?

Ans. CAT, XAT, TISSNET, NMAT, and other top entrance examinations are a route to MBA in HR programs, despite the fact that there isn't a dedicated MBA entrance test designed for HR specialization.

What is the fee range for the HR MBA program?

Ans. The cost of an MBA in HR program at an institution might range from INR 5 lakh to INR 20 lakh. The cost of the HR program at TISS Mumbai is a very good INR 1.05 lakh.

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