Why a PGDM in Human Resource Makes For Top Industry Jobs
Like every other business function, Human Resources Development (HRD) too, has evolved from being a typical function of people management to a refined function of enabling and motivating employees to utilize their potential and expertise to the optimal strength.
What is Human Resource Management?
Human Resource Management (HRM) is the process that covers the key procedures, activities, and policies in an organization in relation to its employees. This includes recruitment, training, compensation, and developing policies to retain talent.
While playing a strategic role in managing people and the workplace culture and environment, an effective HRM contributes greatly to the accomplishment of the company’s goals and objectives.
The Importance of Human Resources Management
The importance of resource management has increased over the last 20 years. The roles have now become more multifaceted.
In today’s modern workplace, the work conducted by the HR team is integrated into the business and contributes towards helping it achieve its strategic goals – by implementing individual policies or by developing a more beneficial workplace culture. That is why HRM has turned from being a process-orientated function to one of great strategic importance.
Nowadays companies need to be adaptive, customer-centered, and quick to change their pace and direction. Within such an environment, HRM’s effectiveness is crucial to business success. HR professionals establish systems for employees which includes their performance development and career succession planning.
Roles & Functions of HR
- Employee Recruitment
This is the process of identifying talent gaps and finding the right people to fit in the roles.
HR recruitment process consists of four stages:
- Job analysis
- Selection of the right candidates
- Employee Orientation
Also known as onboarding, another core function of HRM is employee orientation. It is the process of teaching new recruits the required skills and knowledge.
The main objective of this orientation is to provide new recruits with adequate information regarding the company’s targets, policies, and activities.
- Employee Development
Employee development refers to the efforts for improving personal, team, and organizational effectiveness.
Why will HR be a fundamental key for companies in 2020?
Today we live in the full digital expansion where organizations must adapt in all areas to survive and lead markets in a global context of change. VUCA – Volatility, Uncertainty, Complexity, and Ambiguity defines the way we relate to our employees, customers, and suppliers.
According to a study carried out by the European Union, it is estimated that by 2020 an increase in the number of workers specialized in Information & Communications Technology (ICT) skills will be needed in the market.
This implies that learning curves are more limited and the HR department has a decisive role in the development, management, recruitment, and retention of talented employees.
Here are the most inspiring HR trends for 2020
- Transversal work teams and marketing strategies to attract talent
- Automation in the recruitment process and HR tasks
- Employer branding
4. Transparent internal communication tools
- Diversification of the workforce
- People analytics – the effective use of Big Data
PGDM in HR
PGDM in HR lays a foundation by developing an individual’s approach toward managing employees with a strong focus on HR practices and strategies. The course also includes the legal context of handling labor and workers in the organization.
The course seamlessly embeds modules specifically aimed toward HR-related competencies in functional areas such as hiring employees, onboarding, training and development, performance, compensation, engagement, and inclusion.
Skills Desired To Be A Successful HR Professional
Much has been said about HR – they are people-oriented, the soft side of management, and stable in nature but organizations and HR roles have undergone a drastic change. A successful HR professional should –
- Love to challenge convention
- Can handle volatility in people
- Can map your contribution to business results
- Quick to innovate new processes and systems
- Think about people and procedures
Career Opportunities in HR
Under Human Resource Management, you have the opportunity to specialize in a specific area or even work as a Generalist. Some of the specialized areas within HR that you may opt for are:
- HR Generalist
- Training and Development Coordinator
- Corporate Trainer
- Recruitment Specialist
- Technical Recruiter
- HR Analyst
- Talent Acquisition
- HR Consultant
- Compensation Specialist
- HR Shared Services
On the off chance that you have a PGDM with a specialization in HR, you will get many lucrative offers for corporate jobs in HR.
Go for it!