Human Resource Management – Check Eligibility,Skills,Courses and Careers
What is Human Resource Management?
Human Resource Management or HRM is a very demanding field in the career pool. This is a part of the organization that handles issues related to the people in the organization. The various responsibilities or sub groups in the Human Resource Management arena are Compensation, Training, Communication, Employee Motivation, Recruitment and Staffing, Policy Administration, Employee Relations, etc.
To take care of the various responsibilities depending on the role one takes in the department of HRM, the tasks are distributed which focus on principles, methods and technologies used to enhance the productivity of an organization.
How does Human Resource Management work?
The HRM staff are trained thoroughly to ensure the employees are focused towards the mission, vision and values of the organization. In this endeavour, the Human Resource Management team works out steps to keep employees continuously motivated to perform and excel.
Apart from this the Human Resource Management team conducts various activities to ensure employee and community outreach. Since an employee’s happiness rests on his/her family’s happiness too, the HRM team organizes events that include families of employees as well. This not only keeps the employee happy but also serves as binding factor for the employees’ family members.
Another important responsibility of the HRM team is to safeguard the employer and organization from law suits. Thus, the Human Resource Management team is expected to carry out a balancing act to serve the organization’s stakeholders which include – customers, executives, owners, managers, employees, and stockholders.
What is the Eligibility criteria for entering Human Resource Management?
To step into the demanding arena of Human Resource Management, a Bachelor’s degree in HRM or related field is mandatory. In today’s demanding world however the added requirement of Master’s is there for qualifying in the organization’s HRM department.
Special certifications are not a mandate but can give additional value in the curriculum vitae of the candidate.
Many companies demand prior work experience and hence before starting a career in this field, Internship experiences help to make the job easy.
What are the Skills required for HRM?
Since a career in Human Resource Management is related to leading the employees towards the fulfilment of the company’s mission, vision and values, interviewed candidates are gauged in the soft skills of leadership, communication, decision-making, organizational and interpersonal skills.
It is believed that for a successful Human Resource Management candidature the following qualities are important:
- Problem solving efficiency – The analytical skill is an important requisite in this context wherein convincing people is easier based on data and insights.
Collaboration – The skill to adjust in any environment is a mandatory requirement if one wishes to excel in the field of Human Resource Management. This skill will help in global collaborations and thus, ensure global visibility.
3. Social intelligence – Though technology is advancing in leaps and bounds, for understanding human emotions the human touch is still an important requirement. Thus, a successful HRM team member needs to be able to understand emotional requirements of varied groups and for this social intelligence is required. A high social intelligence quotient would help take appropriate decisions to ensure employee satisfaction.
4. Creativity – Everything in life needs change otherwise monotony sips in leading to boredom and dissatisfaction. Hence the Human Resource Management team needs to keep their creative hats on and come out with creative ideas regularly to keep the employees motivated.
5. Stay updated with technology – There is no dearth of communication channels in today’s tech savvy world. Whether it be social media platforms, blogs, podcasts or power point presentations and think videos, way of communicating with employees and customers need to be regularly updated and re-created.
What are the different Human Resource Management Courses?
A Human Resource Management course can be taken up post a Bachelor’s degree in any discipline.
A full time MBA will take two years, wherein distance education and online courses are also available.
One needs to appear for CAT/MAT/XAT or similar entrance examination to qualify for admission in a B-school for MBA. Duration, curriculum and recognition varies from institution to institution.
The Human Resource Management courses help hone the knowledge and skills in the following categories:
- Business skills
- Management and leadership development
- Mentoring and coaching
- Managing employee relations
- Professional development
- Organizational design and development.
An MBA in Human Resource Management course will focus on topics related to Human Resource Management, Economics, Finance, General Management, Information Systems, Marketing, Organizational Behaviour, Production, Operation and Decision Sciences and Strategic Management.
Human Resource Management specifically covers the following core topics:
- Employment Relations Law – Law of Industrial Relations
- Employment Relations Law – Law of Social Security
- Fundamentals of Human Resource Management
- Fundamentals of Industrial Relations
- Fundamentals of Labor Laws
- Human Resource Planning
- Performance Management and Appraisal
- Wage Determination and Administration
What are Key responsibilities of the Human Resource Management department?
Human Resource Management is one of the key departments in every organization. The roles and responsibilities of a HR person is clearly defined and may be one or more of the following:
- Address employee concerns
- Hire top talent and oversee the departure of current jobholders
- Create interesting and challenging career development programs
- Regularly evaluate individual and overall work performance
- Implement reward systems to keep employees motivated and strive for more
- Solve conflicts and other issues (e.g. sexual harassment, bullying)
- Help employees identify their strengths and weaknesses and according provide guidance or create a Mentor-Mentee program for the same
- Work on a strong retention program to retain employees
- Create a positive and enjoyable work environment
- Build and maintain the company’s culture
- Create and implement programs that reflect the core values of the organization
What is the Role of Human Resource Managers?
An HR Manager’s role is based on multitasking and he is required to don a responsible and dedicated hat.
The following are the vital roles that an HR Manager needs to fulfill:
- Recruitment: Getting the right talent into the team is the core responsibility of an HR Manager.
- Learning and development: Learning, Training and Enhancement are the essential ingredients needed in every employee’s career. The HRM team is responsible in facilitating the induction program for newcomers in the organization and then proceed to a continuous learning enhancement program. The enhancement programs are conducted regularly to ensure existing employees hone their skills and overcome existing hurdles in their career. Thus, HR employees are responsible for strategizing regular development programs.
- Building employee relations: Every successful organization focuses on effective employee relations as this goes a long way in boosting productivity and ensuring the company’s success.
- Compensation and benefits: This is a major component of a HR manager’s role. This role includes devising compensation strategies, performance management systems and compensation structures, as well as negotiating pay and benefit packages with potential employees.
How important Human Resource Management is?
The Human Resource Management team in an organization plays a key role in the smooth functioning of the organization. The Human Resource team is responsible for Strategy Management, Benefits analysis, Training & development, interactivity within employees, Conflict Management, Compliance and in the maintenance of a healthy and rich cultural environment within the organization.
- Strategy management: In this context the HR managers manage strategies to ensure the organization achieves its business goals, as well as contributes significantly to the corporate decision-making process, including assessments for current employees and predictions for future ones based on the business demands of the industry.
- Benefits analysis: HR managers work towards reducing costs, such as with recruitment and retention. There is a constant need to carry out efficient negotiations with potential and existing employees; HR professionals are thoroughly trained in this responsibility.
- Training and development: Training is an important and mandate ingredient towards the development of an employee in his career. HR Managers thus help hone employee skills and organize various Technical and Soft Skills training programs based on the organization’s requisite..
- Interaction between employees: It is the responsibility of the HR team to ensure a smooth relationship exists between all employees. To carry out the same, the HR team conducts various events and programs. This bridges gaps between peers and ultimately results in the growth and success of the company.
- Conflict management: Conflicts are inevitable in any organization, be it big or small. It is the role and responsibility of a HR Manager to ensure misunderstandings are sorted between employees in an unbiased way. Additionally, they help employees understand various ways of developing effective work relationships and the importance of not letting personal judgement affect their behaviour.
- Establishing a healthy work culture: A healthy work culture helps bring out out the best in employees. HR managers contribute significantly in setting up the much needed healthy and friendly work culture; this further translates into better productivity among employees.
- Compliance: The Human Resource Management team works towards making the organization compliant with employment laws.
What are the Career options with Human Resource Management?
Establishing a career in the arena of Human Resource Management is a very stable decision as the scope is manifold since the Human Resource team exists in varies industries like Information Technology, Media houses, government organizations, FMCG, Health sector, BPO, Hospitality, Health Care and various other verticals.
The job roles available for those with an MBA in HR management are:
- HR Assistant
- Training and Development Coordinator or Manager
- Payroll Specialist
- Human Resources Manager
- Employee Relations Manager
- Compensation or Benefit Analyst or Manager
- HR Information Systems Manager
- Labour Relations Manager
If you diligently and in a dedicated way advance in the career path in the Human Resource department; you can climb the career ladder and become Director or Vice President of HR as well.
How much you can earn with Human Resource Management?
Research indicates that the top 10% in Human Resource Management earn approximately $201,380; while HR specialists and recruiters earn a median salary of around $60,880, Compensation and Benefits Managers earn a median salary of about $121,010.
Below are median annual salaries of the top-paying industries for Human Resources Managers:
1) Management of companies and enterprises – $121,390
2) Professional, Scientific and Technical services – $120,980
3) Manufacturing – $103,200
4) Government – $95,950
5) Health care and social assistance – $91,250.
On the whole a career in Human Resource Management has a lot of potential and a steady growth. Moreover gaining experience from varying industries is also possible in this professional field as each industry generally has a Human Resource Management department.