According to a recent survey by Forrester, it is believed that by the year 2020, digitalization will have an impact on more than 50% of the sales of every company. Moreover, all the companies are transforming digitally which is changing every aspect of their business. But, HR Department still stands as the backbone of any organization. Here’s how the MBA in HR is rolling up.
Technologies like cloud computing, mobile computing, artificial intelligence and increased automation have changed the ways business is carried. Thus, creating “technology-driven companies” for future. Some of the famous HR leaders like Diane Gherson of IBM are transforming the profession of HR to create future workplaces for employees. The new employee experience is more human-centred. And it focuses on the needs of an individual and uses latest digital technologies which make it more compelling and memorable.
Why is an HR the Backbone of an Organization?
Human Resource Management is the backbone of any organization in creating a skilled and knowledgeable workforce. Human Resource Management focuses on recruiting, training & development and managing workforce regulations. Moreover, it also deals with several other aspects of an organization. Like, providing compensations and benefits, assessment of performance, health welfare and safety assessment. Working towards an MBA in HR will give you more opportunities and expertise in the various fields of HR such as training, employee relations, and strategy.
HR Job: Why is it Challenging!
HR is a very challenging profession. Moreover, HR is a key part of any organization. A number of jobs are available at higher salary packages. Also, the job opportunities are increasing all around the globe in this profession. After pursuing an MBA in HR, you can get selected in highly reputed companies in India and abroad. You can also get selected as HR managers which play a major role in any company.
HRM: How well it manages the people!
HRM plays a vital role in managing people strategically and enhancing work environment in a company. Moreover, HRM is also responsible for optimizing the employees’ performance and productivity. MBA in Human Resource (HR) is a 2-year degree program. To get the admission in MBA, you should have a graduate degree in any discipline with 50% (selection criteria varies in different colleges/universities though).
An MBA degree in Human Resource can serve as a catalyst in your career as most of the organizations are looking to hire HR professionals with great incentives and promotions. As a fresher, you can earn up to 4-6 lakh per year depending on the company, work profile, work experience, and academic qualifications. A Human Resources (HR) Manager earns an average salary of Rs 6,10,000 per year. You can work in industries, corporations, colleges and MNC’s after pursuing your degree.
Pros an HR enjoys
Besides good salary, there are various advantages of pursuing
an MBA degree in HR. There are lots of positions which will be available to you after completing your MBA in HR like HR Generalist, HR Managers, Senior HR managers, VP of operations, HR Director, and many more endless career opportunities. Moreover, with an MBA in HR, you will gain immense experience and knowledge in the industry you are working in. You will gain insights on the latest trends, current regulations, and developments in the industry. Moreover, you will develop leadership qualities and be performing a key role in the company.
Another advantage of doing an MBA in human resource is that it will significantly help you in your personal growth. You will learn immensely about organizational psychology and workplace. Last but not the least; you will have skills and knowledge to help the company in talent acquisition. This will make you a valuable part of the company and will ensure future job stability even if the economy fails. If you enjoy working with people and helping them reach their ultimate career goals, an MBA in HR is an apt stream of study for you.