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What is MBA in Human Resource Management (HRM)?
Human resource management is the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment. Its functions vary across different businesses and industries, but typically include recruitment, compensation and benefits, training and development, and employee relations. If you have people management skills and like to scout talent, the MBA in HRM just might be the course for you after graduation. Many students opt for this course, as this is one of the most popular courses amongst students who are happy to work with people and be an integral part of the company.
MBA in HRM is all about managing the human capital in an organization. From recruiting the right talent, to knowing human resources laws and rules of the country, and bringing the company up to code, all of it is a part of the HRs job. They also have to keep the employees happy and be a communication bridge between the employees and the senior management. They are the gears that ensure the organization keeps running smoothly.
In the following blog, you will get all the information you need about the MBA in HRM. From eligibility to all the professions that are available through an MBA in HRM, you will get all the information that will help you decide if this course is the right move for you. The following information will also help you understand the world of human resources management and the many career opportunities that have a great future.
Here are the top 5 benefits of having a degree in MBA in HRM:
1. Importance –
The human resources department is one of the most important departments in a company. They ensure good working conditions, and justice for employees, and hire appropriate talent for the company.
2. Every Industry –
Government law also requires companies of a certain size to have fully-functional HR departments. Therefore, as an HR professional, you can choose to work in any industry. The key functions of the HR department remain the same irrespective of the company.
3. Career & Scope –
In human resources, there are many areas where you can make a career. You may have a talent for recruiting, or you may be a good communicator, whatever your talent is, it can be well-utilized in the field in the form of a good career.
4. High Salary –
Though HR personnel dont start with a high salary, they go on to make an excellent salary after gaining experience. HR jobs also come with excellent benefits. Plus, with HR being a part of big companies, you will find a job in a big company.
5. Challenging –
Human resources personnel have to deal with humans, and human behaviour is unpredictable. This makes the job quite challenging and fun. So, as aMBA in HRM graduate, you will never feel bored in your career.
What are the skills that you must have to excel in the HR world?
An HR manager must have a combination of skills. They must have cognitive, interpersonal, and technical skills to give proper alignment to their work. Besides, they should be proficient in communication, be humble and empathetic, and have the right balance of tolerance and authority.
The HR manager must acknowledge his/her mistakes and provide room for improvements. That is what makes them ‘people person.’ Further, a sense of humour and the right mixture of humbleness will help one build a perfect HR manager personality.
In addition to the HR domain knowledge, the HR manager must have some competent expertise in sales, marketing, finance, operations, and other management fields. An HR manager must know all the HR policies, labour laws and principles, management practices, and program execution strategies to excel in the corporate world.
But the good news is that an HR professional demands no mandatory qualification requirements. Meaning, people with a diverse background can opt for an MBA course in HR. Starting from an engineering student to a guy from psychology, anyone can become an HR professional irrespective of their qualifications.
Here's a look at some of the best HR job possibilities.
MBA in HR Future Scope
It's also crucial to understand what the future holds for a certain business. Some items may appear to be in good shape right now, but that could alter in the future. As a result, here is some information on Human Resources Management in India so that you may make an informed decision about pursuing an MBA in HRM.
Analytics & Big Data -
In the future, big data and analytics will play a significant role in hiring personnel. Analytics technologies will process HR data in order to generate data-backed conclusions.HR professionals in the future will need to be familiar with business intelligence tools.
Augmented Reality and Virtual Reality Training -
Better understanding is the result of smart instruction. With the introduction of Virtual Reality (VR) and Augmented Reality (AR) technology, dull corporate training will become far more dynamic and interesting.
Hiring on Social Media –
Recruiters will soon be able to hire people via social media as a result of its extensive reach. They will also be able to conduct behavioral and predictive analyses of candidates using HR management software (HRMS) based on their social media profiles.
An MBA in HR is a solid program that will open numerous doors for you in the future. People believe that their job is the most important aspect of their lives, and they are correct in this belief. The MBA in HR has demonstrated that it offers excellent value for money. Human resource management is the most significant and precious resource in any company, and it needs a special talent to be successful in this field. As a result, choose the MBA in HR and put yourself on the road to success.
Scope after MBA Human Resource Management
The scope for MBA in HR runs in parallel with the growth of other industries. Every industry is at its peak growth rate in India since she’s a developing country, with maximum resources in the form of Humans. Managing these human resources is the main work of an HR Manager, so growth in this sector is certain.
Also, that the average salary of an MBA in HR is Rs 6.18 Lakhs with an average growth rate of 34% irrespective of experience.