Financial resources may be the lifeblood of a company, but human resources are the brain!– Dr Rob Silzer, Author, ‘The 21st Century Executive’
The HR market is ‘trending’ due to the increased importance of various HR roles amid layoffs, a talent crunch, and The Great Resignation. A report by Monster Employment Index showed that the demand for HR, administrative and professional roles in India rose by 11% in July 2022. Interestingly, the demand for HR professionals has shown a 36% growth year-on-year.
Now, more than ever, an MBA in Human Resource Management is vital. Companies are gearing up to hire fresh talent and retain them with benefits, so they need more HR professionals.
Let’s see how training for the HR sector can help you.
Increasing Demand – India & Globally
A market analysis report mentions that an increase in global adoption and digitisation of HR operations is expected to boost market demand for HR professionals between 2022 and 2030.
In India, the top 500 employers of HR professionals include companies like Wipro, Cognizant, Infosys and TCS. According to Naukri JobSpeak, there was a 31% increase in hiring HR professionals in June 2021 compared to June 2020. In India, HR Managers can earn, on average, a base salary of ₹1,672,222 per year, while regional HR Managers earn an average salary of ₹1,143,791 per year.
Pursuing an HR-related management course is lucrative if you’re interested in people management.
Exciting Career Prospects
70% of employees in a Mckinsey study reported that they expected to derive a sense of purpose from their jobs. That’s why as an HR personnel, you have an important role to play in helping employees realise the same.
You can perform any of these varied HR roles after an MBA in Human Resource Management:
a) Human Resource Generalist
Human Resource Generalists oversee multiple tasks like organising recruitment sessions, managing payroll, planning and conducting employee engagement activities, handling induction programs, and managing performance appraisals.
They are responsible for their organisation’s internal and external HR aspects.
b) Technical Recruiter
A Technical Recruiter evaluates candidates’ technical skills and picks the best of the crop. They are in demand in the banking and IT sectors and are essential to the HR teams as technical experts.
You could be a good fit for the role if you already have some technical expertise (software developer, IT architect).
c) Director of HR Training and Development
As Director of HR Training and Development, you will be responsible for planning and executing training sessions for new employees at your organisation. You must ensure that employees are trained well to give their best. You’re also responsible for the following:
- Overseeing the HR department of your organisation
- Overseeing employee recruitment
- Handling employee relations
- Devising training programs
- Maintaining employee records
- Evaluating staff requirements
d) Chief Happiness Officer (CHO) and Chief Wellness Officer (CWO)
Companies are also hiring people in new-age roles, like Chief Happiness Officer (CHO) and Chief Wellness Officer (CWO).
The job of a CHO is to liaise between management and employees to create an environment that increases overall happiness levels. They often possess skills in sociology and psychology along with human resources, which enables them to improve individual employee engagement with their jobs.
The CWO is responsible for creating a work culture and environment conducive to the wholesome well-being of all employees. They nurture employees’ sound health and high morale to strengthen personal resilience, team performance, and organisation-wide productivity. The CWO is an experienced professional with a background in healthcare and clinical psychology.
Adaptability To Varied Career Roles
An MBA in Human Resource Management allows you to solve contemporary, real-world problems. Some of the areas in which you can work are:
- Research methods for HR analytics
- Ethics, governance and risk for business practices
- International HR practices and organisational culture for global cross-cultural resource management
Adaptability is vital to tackle the VUCA (Volatility, Uncertainty, Complexity and Ambiguity) world. HR functions have transformed from staying “behind the scenes” to becoming a critical differentiator for businesses. Companies like Amazon India, Tata Motors, Samsung India and Concentrix are known for their employee-friendly policies and work-life balance. Such companies prioritise retention, diverse representation and young talent to create more skilling opportunities and jobs.
Acquiring Valuable Skills
You learn several skills applicable across industries (and often in your personal life, too!):
- Organisational skills useful in cross-functional tasks
- Talent acquisition and retention for competitive resourcing
- People management skills for seamless workflows and changes
- Decision-making skills for saving cost and time and working on strategic initiatives
- Communication skills for people outreach, goodwill and trust
- Conflict resolution skills for resolving people issues and relations
If you find the opportunity and career prospects inspiring enough to pursue an MBA course, you must consider NMIMS Global’s 2-year MBA in Human Resource Management. Conducted in the ODL mode, it’s the perfect program for working professionals aspiring to make a mark in the HR sector. It enables you to understand the core concepts of management and effectively deal with employees in an agile, transformative world.