Human Resource Management, or HRM, is the practice of managing people to achieve better performance. For example, if you hire people into a business, you are looking for people who fit the company culture as they will be happier, stay longer, and be more productive than people who won't fit into the company culture.
Employees are an important asset of a company and hiring good professionals is the need of every business. Assisting the business in bringing deserving candidates is the HR of the company and this why one of the core components of every business is Human Resources (HR).
An HR needs to understand the organisation's requirements and strategy to be able to bring in the best resources. HR is in high demand as they use their training in churning out the most suitable candidates for an organisation. Since HR is a fast-growing field, pursuing a career in the same offers numerous lucrative job opportunities.
Human Resource Management involves management functions like planning, organizing, directing and controlling
It involves procurement, development, maintenance of human resource
Human Resource Management is a multidisciplinary subject. It includes the study of management, psychology, communication, economics and sociology.
It involves team spirit and team work.
It is a continuous process.
Required Skillset for Human Resources
|A critical thinker||A team player|
|Empathetic||Attention to details|
|Negotiation skills||Good listening skills|
|Good listening skills||Time Management Skills|
|Friendly personality||A problem solver|
|Highly organized||Strong people skills|
|Efficient clerical skills||The desire to collaborate|
|Good questioning skills||Confident|
|Good Planning skills||Time Management Skills|
MBA in HR: Candidate should have cleared Bachelor's Degree in any stream. Some institutes grant admission on the basis of the scores obtained in management entrance tests
Diploma: Candidate must have cleared 10+2 or equivalent examination from a recognized state or central board and must have secured a minimum of 50% (40% to 45% for reserved category candidates) marks
|Principles of Management||Human Resource Management|
|Business Communication||Financial Accounting|
|Marketing and Management||Information Technology for Management|
|Wages and Salary Administration||Effective H.R. Training and Development Strategy|
|Organizational Behavior||Industrial Relations and Labor Law|
|Business Environment||Managerial communication & Skill Development|
|Production & Operations Management||Compensation & Reward Management|
The most common sectors for HR professionals are:
|Consulting & Professional Services||Information Technology|
|Digital Media/ Media||Energy, Mining & Resources|
|Education & Training||Banking & Finance|
|Medical & Healthcare||Hospitality & Tourism|
Talent Acquisition: As a manager, the core responsibility includes taking care of the organisation's staffing needs. Conducting interviews, evaluating, forecasting, and maintaining the manpower of the company are the major responsibilities.
Human Resource Executive: This job profile involves selection of profiles of deserving candidates for a particular vacancy or role in the company. The HR executive is responsible for conducting all selection rounds for the candidates shortlisted for that particular vacancy.
Salary Incharge: A salary incharge's key responsibility is to ensure timely and proper clearance of salaries of employees. Also, in case any employee has any grievances, the same needs to be handled too.
Performance Analyst: This includes analysing the performance of the HR of various departments working in an organisation.
Other job profiles include:
|Non profit Human Resources Expert||Training & Development Manager|
|International Human Resources Professional||Employee Education Consultant|
The top recruiters for MBA (HRM) among all are as the following:
Adecco Group North America
Davidson Global Technologies
Hudson Global, Inc.
Inter Quest Group plc