Careers After MBA in Human Resource : Career Options, Scope & Salary
Human Resource(HR) is one of the core functions in an organization. HR is vital for recruiting the right people for the organization. However, apart from hiring talent, the HR department also looks after onboarding, training, skill development, policy implementation, payroll, dismissal, work culture & safety. Any organization is as good as the people it recruits. Here, there is a profound need for skilled professionals as they undertake crucial roles in an organization.
As India emerges as a global economic powerhouse, the Human Resource(HR) industry is expected to be the driving force. In the past, Human Resource has seen astonishing growth & will continue to do so.
“The HR outsourcing market in India is expected to reach USD 9.1 billion by 2025, growing at a CAGR of 10.7% from 2018 to 2025.” - Grand View Research
This shows the tremendous potential for Human Resource as a career. With the mean Indian population being much younger compared to those of developed nations, it further bolsters the opportunities in HR outsourcing.
Benefits of an MBA in Human Resource(HR)
An MBA degree adds invaluable skills to the candidates. It provides a business understanding which enables the students to seamlessly transition into the professional world. An MBA in Human Resource develops essential skills related to HR. Let’s have a look at the key benefits;
Communication
Communication is one of the most highly sought qualities in an HR candidate. It is crucial as HR’s are required to communicate amongst the concerned stakeholders. HR has to maintain a clear communication with the employees, client’s and others to develop strong business relations.
Business Knowledge
An HR needs to understand the organization goals before they can serve it better. They need to have a holistic idea of the business to form required teams, train talent & create a conducive work environment.
Problem-solving
HR has to deal with tricky situations involving different stakeholders at times. There are tight deadlines to follow. Here a candidate with a problem-solving attitude is an asset to an organization. Solution oriented professionals are always sought after as they provide reliability & assurance of smooth business functions.
Negotiation
An HR has to negotiate on salary and other terms with the prospective candidate, prior to onboarding. Similarly, an HR has to even negotiate internally with the organizations with respective heads or with clients. Negotiation can even come handy to water down a conflict. Good negotiation skills require business sense. An MBA provides the same to a student.
Strategic Skills
An HR department needs to align itself with the business goals. Here they need to have strategic skills when it comes to dealing with hiring, dismissal, policies & culture of an organization. MBA helps a student to build on his strategic skills so he is ready to take decisions when asked upon in an organization.
Empathy
The job role of an HR requires one to have the virtue of empathy. He needs to display emotional intelligence in understanding the employee’s side. Further, he also needs to be aware of the emotions on the business side of an organization. Maintaining a fine balance in each of these situations go a long way in having a fair resolution of the issues.
Leadership
As discussed, the HR department is responsible for a myriad of other tasks apart from hiring. They have many internal departments looking after training, payroll, policies and so on. It is vital that all of these work in perfect harmony towards the business goals. Here leadership qualities are required to show the path and inspire teams to perform well.
Career Options post an MBA in Human Resource Management
As evident from the above, an MBA in HR offers a host of benefits. For those interested in pursuing a career in HR, there are myriad opportunities across the various HR departments. Let’s have a look at some of them;
Human Resource Generalist
As the title describes, this is a generalist HR position. However, it is one of the most crucial positions as it keeps smooth functioning of the human resource department by conducting administrative tasks. They manage the routine operations of human resources viz. Policies, procedures etc. An HR generalist is entrusted with reporting to various special heads under HD for a smooth functioning of the department.
Average Salary : 6 LPA source
Recruiter
People are the main asset of an organization. Finding the right ones can make or break an organization. The primary responsibility of a recruiter is to hire people in available positions as per business requirement. Recruitment can be tricky as they are the middlemen between organization and candidates. They need to understand the business strategies & vision and align(hire) skilled talent in those roles.
Average Salary : 4 LPA source
Labour Relation Specialist
Another critical area handled by HR, is labour relations. A labor relation specialist ensures that complaints are handled properly. Disputes if any should be addressed. Further ensure that policies are developed and implemented as per the organization's need. A labour relation specialist also ensures compliance, measures employees satisfaction and responds to crises, such as labour strikes when needed.
Average Salary : 8.3 LPA source
HR Information System (HRIS) Analyst
Data is key to tracking an organization's progress in today’s world. An HRIS analyst ensures the data is collected and makes sense in the form of reports. These reports are forwarded to the respective heads in an organization. This helps an organization to get an overview of the various departments and form strategies to course correct or enhance performance wherever required.
Average Salary : 7.5 LPA source
Training and Development Specialist
An HR job is not simply about hiring people. At times, an existing or a new employee may require further training. A training and development specialist is responsible for designing, implementing, and evaluating training programs to enhance the skills and knowledge of employees within an organization. They may adapt different training methodologies such as shadowing, workshops, online courses as per the requirement. They are required to collaborate with various heads in an organization to devise a perfect plan aligning with the organization's goals.
Average Salary : 5 LPA source
Human Resource Manager
An HR manager oversees the recruitment, training, employee relations, performance management and talent management. He also performs tasks such as checking hiring paperwork, reimbursement, calculating taxes etc. HR Managers often work closely with senior management to plan and execute HR initiatives that support business objectives.
Average Salary : 9 LPA source
Director of Human Resource
A director of HR oversees planning, development and management of all aspects related to human resources. Workforce planning, succession planning, compensation, compliance, policy development, creation of SOP’s fall under the purview of the director of human resource. The director of human resource directly reports to the CEO of an organization.
Average Salary : 50.4 LPA source
As is evident, a career in human resource pays well. Apart from the lucrative salaries, certain job roles in HR provide further incentives based on performance thus making the deal sweeter. Check out the salaries on offer for MBA HR graduates.
Conclusion:
Being a core function, the Human Resource department is in perennial need of skilled professionals. An MBA in HR is the perfect career choice to explore these specialized fields offering good career growth along with lucrative salaries. The industry is going to grow further in coming times. Hence, if you feel that you can essay any of these roles perfectly, the next step is to do an MBA in Human Resource.
ITM business school offers MBA in Human Resource Management with highlights being;
1. Skilled Faculty
2. Industry Recognized Curriculum
3. Research-based Capstone Project
4. Five months of Intensive Industry Internship
5. 35+ add-on certifications to upgrade your skills and knowledge
With such a rounded MBA program, you need not worry about your future. Enroll for MBA in Human Resource Management at ITM today for a high flying career.
