Do you know that up to 61% of employees leave their jobs due to job dissatisfaction? One crucial department that can manage the workforce of a company and prevent this trend is its Human Resources (HR) department. From managing employee work-life cycle to maintaining a positive company culture, Human Resource Management (HRM) has a vast and undefiable scope in all types of businesses. Professionals with degrees in HR courses online from top-notch universities tend to enjoy all the benefits in this particular field.
This blog aims to acquaint you with the scope of human resource management and career opportunities available, so stay tuned and read on!
What is Human Resource Management?
Human Resource Management, as we mentioned earlier is like the backbone of any organization helping it to scale new heights with a good, productive, and positive employee base. It encompasses a wide range of functions, including recruitment, training, performance appraisal, and employee relations, all aimed at fostering a positive workplace culture and enhancing employee engagement. At its core, HRM seeks to create a balance between organizational objectives and employee needs, ensuring that both the company and its workforce can thrive together.
Scope of Human Resource Management
The scope of Human Resource Management (HRM) includes essential functions such as workforce planning, recruitment, onboarding, and training to effectively develop talent. It also involves performance management, employee relations, and compensation strategies aimed at enhancing engagement and satisfaction. A Human Resource Management degree equips professionals with the skills needed to excel in these diverse functions and significantly contribute to a positive workplace culture. Listed below are the 10 key areas of scope for HRM:
1. Analyzing the Job Needs of an Organization: The prime scope of HR management is in analyzing the job needs of a company. This process includes conducting job analyses to develop accurate job descriptions and specifications, and based on this understanding, the right talent is recruited for the company.
2. Interviewing and Recruitment: The second vital role played by Human Resource Management is interviewing and recruiting the best suitable candidates for various job positions within the organization. Effective recruitment not only helps fill vacancies but also ensures that the company builds a talented and diverse workforce.
3. Orientation and Induction: The HR department in an organization is also held responsible for orientation and induction programs to help new employees transition smoothly into the organization.
4. Training the Employees: Up next, the scope of HRM involves employee training that aligns with the goals of the organization. HRM is responsible for identifying training needs and implementing programs that cater to those needs, whether through seminars, online courses, or workshops.
5. Inculcating the Organizational Culture and Values: HRM also plays a crucial role in establishing and nurturing an organization’s culture and values, which shape employee behavior and workplace dynamics.
6. Employee Compensation and Remuneration: Another major role played by HR professionals in an organization is in designing compensation and remuneration strategies that determine how employees are paid and rewarded for the work.
7. Employee Appraisal: At the same time, HRM is incomplete without a systematic employee appraisal system. It involves evaluating employee performance and providing feedback on strengths and areas for improvement.
8. Employee Retention: One of the basic scopes of HRM is to design employee retention strategies to keep top talent within the organization. For this, HRM creates a positive work environment and offers career advancement opportunities.
9. Employee Grievance Redressal System: HRM is also responsible for establishing transparent processes for reporting and resolving grievances, ensuring that employees feel heard and valued in the organization.
10. Ensuring Compliance with Labor Laws and Regulations: Last but not least, HR professionals must ensure that the organization complies with the labor laws and regulations to minimize the risk of tarnishing the company’s reputation.
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Top Careers in Human Resource Management
The realm of Human Resource Management (HRM) presents a variety of career paths that are essential for the effective functioning of organizations such as:
1. HR Manager: Responsible for looking at the operations within the HR department and leading a team of HR professionals, an HR Manager is a senior-level job role in HRM. The basic requisites of this job profile are strong leadership and a deep understanding of all the functions associated with HR.
Approximate Salary: INR 2.9 lakh - INR 18.9 per annum
2. HR Consultant: Offering advice and expertise to organizations to help them solve their HR issues, an HR Consultant is an executive job role in HRM. Such a professional gets to work with multiple businesses and provides insights on a broad view of HR across various sectors. Approximate Salary: Rs 3 lakh - Rs 9 lakh per annum
3. Recruitment Specialist: When talking about the top careers in HRM, we have to mention the role of a Recruitment Specialist, which is a mid-level HR position. As the name suggests, this person specializes in recruiting top talent through the best recruitment strategies, so that the right candidate is chosen in the right company, making it a win-win situation for both.
Approximate Salary: Rs 3 lakh - Rs 7 lakh per annum
4. Compensation and Benefits Analyst: Talking about a mid-level career in HRM, we have the very popular Compensation and Benefits Analyst post. The basic responsibility of such a professional is to administer employee compensation and benefits programs to ensure that employees in an organization get competitive and sustainable compensation.
Approximate Salary: Rs 3 lakh - Rs 8 lakh per annum
5. HR Assistant: Those with an online HR degree in hand can start up as an HR Assistant, which is an entry-level position in HRM. Such a professional is expected to support daily administrative tasks in the HR department of an organization such as managing employee records, providing clerical support, and assisting in the recruitment process.
Approximate Salary: Rs 3 lakh - Rs 5 lakh per annum
Conclusion
The scope of Human Resource Management is vast, encompassing a wide range of responsibilities that are critical to the success of any organization. For those aspiring to excel in HR and become leaders in people management, Amity Online University offers a comprehensive Human Resource Management program. This online human resources degree equips you with the knowledge and skills necessary to navigate the complexities of modern HRM, from workforce planning to employee engagement and development. Amity's online MBA in HRM is designed to provide flexibility, ensuring that you can learn at your own pace while balancing other commitments.
