Importance of Human Resource Management

In today’s highly competitive scenario, no degree or education is enough to guarantee you a successful career. However, we still leave no stone unturned in our endeavour to excel in every possible way we can. Master of Business Administration (MBA) is one of the highly coveted degrees that most of the young brigade tends to pursue. Finance, Marketing, Operations, International Business, Information Technology, to name a few, are certain specializations that are being done in management. Human Resource Management is one of them. It is the process of recruiting and developing the employees according to the needs of the organization.

Human Resource Management (HRM) is a function that involves in the process of hiring of the workforce, providing development & training, maintaining workforce regulation, assessment of their performance, providing compensation & benefits, motivating, relation with labour, health, welfare and safety assessment.MBA in HRM allows you to develop the general management skills in the first year and impart learning about human resource practices in the second year of the course.

If you also are planning to pursue MBA in HRM, then be prepared to be taught about social, cultural and economic factors which influence relations of employees. The specialized fields in this course are Motivation, Labour Legislation, Training and Development, Compensation and Benefits, Labour Relations, Retention, Industrial Relations, Recruitment and Selection, and Labour Welfare and Social Security.

Human Resource is an indispensable part of any organization for its existence. Thus it leads to various job opportunities in the field of human resource management. Each and every industry needs to hire HR administrator to settle and handle the activities pertaining to hiring of employees, their benefits, remuneration, training, skill development, maintaining the work performance of the employees and ensuring that all work is done in accordance with the objectives of the company.

HR Generalist, Technical Recruiter, Employee Relations Manager, Director of HR Training and Development, Staffing Director, Compensation Manager, Employee or Placement Manager, and Organizational Development and Consultant Change are discrete jobs you can be entitled to if you are an HRM degree holder. IBSAR is one of the best business schools which offers MBA in various disciplines.