However strong you think your business strategy might be, your overall business can only be as strong as the human resource unit of your venture. Communication ability and soft skills do matter, but they’re certainly not enough today. Today the world’s changing, and so are the industry standards and trends. This has a direct effect on the way the industry today demands its workforce to be. The requirement of skills and expertise is changing at the same pace as the industry itself is changing. So the least possible expectation out of a Human Resource Management executive is to be well acquainted with the nitty gritty of the trade and keep up the momentum of learning, unlearning, and relearning even the hard facts, as and when the trade itself around them keeps developing.
And that is the biggest reason, why companies are looking for exceptionally talented people to help them handle their workforce, and ready to pay a good remuneration for it. Managing the human assets of a company, and even the most successful organizations would agree, is one of the most important aspects of running a business. In turn, this has led to all the buildup around colleges offering courses in Human Resource Management. This being a short answer to the question “Why get a Post Graduate Diploma in Management (PGDM) in HRM at all?”, for longer answer, read ahead.
Unmatchable Skill Development
Human Resource Management teaches a student, first and foremost, people skills. As important an idea, the technology, and other n number of things might be to a business, it can’t take off without a human being involved. And so human resources are important, and anything even remotely important in a business needs to be managed.
Now managing the technical part, or the finances, or any other aspect of a business, sure is not easy by any means; but managing people can on top of it all, be a lot tricky for obvious reasons!
And studying human resource management introduces one to a whole new set of skill set. Students get acquainted with concepts such as looking at compensation management, performance appraisals, and so on. They come to learn about multiple disciplines such as accounting, economics, etc., helping them further in strategic planning, decision making, and so on. As someone studying how to manage Human Resource of a company, one is made to know certain basic functions, made to understand various strategies and processes regarding everything from how to remunerate employees, to motivating them when they need it, to thinking of ways aiding in employee development, improving employee relations, and finally resolve any conflicts effectively.
Brilliant Career Opportunities
Studying HRM opens door to so many career opportunities, that there’s absolutely no dearth of profiles that one could apply for. There are so many job opportunities in this field, as almost every company today requires HR administrators, whether it’s for hiring workers, to train them, administer their salary, or even handle union management relations. HR managers are involved in everything right from recruitment and selection of candidates, to giving employees compensation and benefits, to their retention and welfare, as well as firing of employees when needed. And bigger a company’s name, bigger the profile and greater the money they offer.
Some of the job opportunities that one could look forward to after studying Human Resource Management are:
- HR Manager
- Recruitment Coordinator, HR Officer
- HR Generalist
- Compensation Manager
- Organizational Development and Change Consultant
- Senior HR Officer, Placement Officer
- Director of HR Training and Development
- Employment or Placement Manager
- Learning and Development Officer
- HR Consultant, Training and Development Officer
- Administrative Head
- Staffing Director
- Technical Recruiter
- Employee Relations Manager
- Employment or Placement Manager
Human Resource department being one of the most important units of any company, makes a job in this field the kind where changing dynamics ensure a constant growth. And while remuneration usually depends on a lot of factors like the the company itself, the economic activity at that time, the geographic location, and finally, the profitability, this field does in fact offer some of the most lucrative jobs in terms of money. HRM graduates, especially those who manage to get it from a reputed institute and with a decent score, should without a doubt find themselves a decent job with any of the corporate houses, Multi National Companies, industries, or even schools and colleges. And management is something that one can, and one usually does study after having a background that could be anything, and not necessarily related to business. So, even those with a technical background or one related to liberal arts education would easily find a great job in India. There is a lot of demand for people who have an expertise in human resources administration, or industrial and labor relations. With no dearth of jobs, and no inadequate number of good colleges out there, getting a PGDM in HRM would in any case, put you in a win-win situation!