The tasks in Human Resource Management include managing and coordinating with employees, allocating human capital, etc, to achieve the organisational goals in an efficient and effective manner.
If you wish to make a career in human resources, then read the article to learn about human resource management, how it works, what the career options are, and how to take the first step in the field of HRM.
Human Resource Management: Definition
Human Resource Management refers to the management of employees and the capital of the business to maximize performance and help the company to achieve its goals effectively and efficiently.
HRs are required to recruit talented candidates, provide them with training, and also motivate employees. The HRM also formulates and regulates various policies and rules to ensure that the safety of the people working for an organization is not compromised.
How Does Human Resource Management Work?
The HR department is responsible for maintaining a balance between the needs and wants of employees and the organization. If you choose to step into the field of human resources, then you must know that how the basic workflow of an HR looks like.
It includes staffing, providing training, formulating and regulating policies, and maintaining a positive work environment for everyone in the company. As a Human Resource Manager, you will be responsible for maintaining good professional relations and keeping a healthy and willing work environment.
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Elements of Human Resource Management
You must have understood the basic meaning and the working of the Human Resource Department. Let’s now have a look at the 5 key elements, without which HRM is incomplete.
1. Recruitment
The main role of HRs is to recruit the right and fresh talent, people who can actually help in taking the organization ahead by working for the organization. If you have an ability to find out the perfect candidates out of a list of hundreds and thousands, then you can consider entering into the HRM role.
Companies also want to invest in employees who can actually help them get results. Some of the platforms or websites most of the HRs use are LinkedIn, Indeed, Foundit, etc. These are used to list the vacancies your company has, and interested candidates can apply.
2. Compensation
When we talk about Human Resource Management, compensation means salary, commission, bonus, time off, and various other non-monetary benefits. The Human Resource Management sets commission rates, salary, etc, based on the industry standards. This helps in keeping the employees motivated and improving their working efficiency.
3. Employee Performance Management
The role of Human Resource Management does not end at hiring employees. HRM uses data to track the regular performance of employees to ensure that proper workflow is maintained. Interviews, surveys, and performance reviews help the HRM professionals introduce new methods for training or new policies.
4. Employee Training
Employee training and development is the most important part in any organization as the employees also need continuous upgrades and training programs to keep everyone on the same page and to bring out the best in them.
Every employee wants opportunities for advancement and the feeling of competency that may help them to grow.
5. Employee Safety
The Human Resource Management department is responsible for the safety and the overall well-being of an employee. It includes safety against harassment, bullying, misbehavior, discrimination, or anything that results in harming one’s mental or physical health.
It is the role of the HRM to maintain a healthy and safe working environment. Some of the most common techniques used by HRMs to ensure safety include, installation of security cameras, formulating and implementing strict rules for maintaining safety.
Career Options In HRM (Human Resource Management)
HRM is a field that provides various career options, starting from a beginner level to an expert level. If you have a bachelor’s degree in human resources, then you’ll be eligible for most of them.
But I would suggest that you keep doing short-term courses to gain knowledge and certificates to get a better position in the department of Human Resource Management. If you are willing to join the Human Resource department, then just take out 2 minutes from your busy schedule and have a look at the vast career options you get in this area before rushing into getting a job.
1. Human Resource Manager
An HR manager is the head of the HR department who manages and keeps a check on the work of other employees under him/her. The role of Human Resource Manager includes hiring staff, implementing policies, managing and handling payroll, benefits, and other managers.
Average salary
The average annual salary of a Human Resource Manager in India is approximately ₹10,00,000-₹12,00,000.
2. Payroll Specialist
Payroll Specialists are the ones who manage the organization’s payroll and ensure that every employee is paid on time with the correct amount. A payroll specialist gathers all the information regarding the work of employees, number of hours worked, etc, to process the payroll.
Average salary
The average annual salary of a Payroll Specialist in India is approximately ₹6,00,000-₹7,00,000.
3. Training Manager/Coordinator
A Training Manager/Coordinator is the one who is responsible for implementing the right training techniques and methods for the best training of employees.
As a training manager, your responsibility will be to communicate the organization’s vision and mission to each and every employee to keep everyone on the same page, working towards one common goal.
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Average salary
The average annual salary of a Training Manager in India is approximately ₹9,50,000-₹10,00,000.
4. Employee Relations Manager
The Employee Relations Manager manages the relationship of the employee with the organization. For example, a conflict occurs between the organization and the employee, then an ERM or the Employee Relations Manager is responsible for solving the issue and finding a middle way that satisfies both.
Average salary
The average annual salary of an Employee Relations Manager in India is approximately ₹10,00,000-₹11,00,000.
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5. Benefits Manager
A Benefit Manager is responsible for creating an organization’s benefit package, including the retirement options, insurance programs, etc. Benefit Managers keep a check on the payroll department to ensure that the employees are paid correctly, following the company’s pay standards.
Average salary
The average annual salary of a Benefits Manager in India is approximately ₹10,00,000-₹12,00,000.
6. Compensation Specialist
As we discussed, compensation refers to salary, benefits, bonuses, commissions, and various other monetary or non-monetary benefits. A Compensation Specialist is the one who is responsible for creating and implementing the benefit programs and employees’ pay in an organization.
They also go through the job descriptions to reconfirm that the salary description and other benefits are clearly stated for the work employees are expected to perform.
Average salary
The average annual salary of a Compensation Specialist in India is approximately ₹12,00,000-₹13,00,000.
How To Step Into The Field Of Human Resource Management?
Do you want to start your journey in the field of HRM but are confused where to start from? Well, don’t worry! Check below the step-by-step career guide to build a career in the area of Human Resource Management.
1. Complete your Education
The first step to join the HRM world is to complete your education and get a degree. You must complete a 3-year or 4-year undergraduate program in human resources or a related course after your 12th grade.
After which, the post-graduation takes another 1 to 2 years to be completed. It helps in gaining knowledge and high skills but is not mandatory for HRM.
2. Gain valuable experience
Experience is the key to getting good job opportunities in any field. If you manage to gain some relevant experience in the field of HR before diving into an actual full-time job, then it will help you a lot in understanding the work culture and the work life of an HRM.
You can gain experience by doing internships and other entry-level programs that various companies offer.
3. Earn certificates by upskilling
Getting a job is not that easy, you need constant upskilling to land your dream job. Even after your graduation, you must focus on earning valuable certificates by short-term courses, which add value to your skill set as well as your resume.
4. Make your Resume
Now, the most important part. Prepare your Resume. You can take your time to prepare and write all of your achievements in your resume but make sure to prepare your resume in a way that you would want to see as an HR while hiring employees.
Make sure that you include your key achievements, work experience, and skills and highlight them.
5. Apply for Job roles in HRM
Now that you have completed all of the steps. You may start applying for different job roles in HRM. If you have done internships and have it clear in mind which role you want to go for, then start finding jobs for that role.
Otherwise, apply for various roles that HRM offers and explore which works best for you. You can use platforms like LinkedIn, Indeed, or the official page of the company’s website to apply for the job.
Human Resource Management FAQs
Q1. What is Human Resource Management (HRM)?
Ans: Human Resource Management or HRM refers to the management of employees or the human capital of the business to maximize its performance and achieve the organizational goals effectively and efficiently.
Q2. What is the role of an HRM?
Ans: The roles of an HRM include managing employees, coordinating with the company members and allocating human capital to achieve the common organizational goals. It also includes implementing policies for a safer work environment for everyone.
Q3. What are the career options in HRM?
Ans: You get a lot of career options in the field of HRM, like:
Human Resource Manager
Payroll Specialist
Training Manager
Employee Relations Manager
Benefits Manager
Compensation Specialist, etc.
Q4. What skills are needed for HR management?
Ans: A good Human Resource Management team is the one that has people with good interpersonal and communication skills, along with organizational skills and leadership quality. Some of the common yet required skills as an HRM are:
Strong communication skills
Interpersonal skills
Leadership
Team work
Active Listening
Recruitment skills
Management quality, etc.
