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Dr. D. Y. Patil Vidyapeeth, Pune
(Deemed to be University)
Global Business School & Research Centre
Tathawade, Pune 411033.

Future Scope of MBA in Human Resources Management (HR) in India

Future Scope of MBA in Human Resources Management (HR) in India

Human Resource is a vital part of any organization that handles multiple tasks for them. Learn more about skills, specialization, scope & other details for HR.

Dr. Shripad Joshi
August, 25 2022
297

Employees are the foundation of any business or organization. Nothing can replace the value of a responsible human providing service to a firm.

The business landscape has changed to the point where employees are no longer just laborers looking for a paycheck but are now seen as a resource.

Human resource management is the name given to the management of this resource.

An MBA in Human Resources is a fantastic way to start a career in Human Resources. It is essentially the business unit in charge of hiring, training, and managing the company's staff.

It also entails fostering a long-term, healthy, and cooperative working environment for employees.

The HR team builds the foundation of the company where every employee thrives.

Other important parts of an organization's HR department include performance evaluation, health and welfare, workforce rules, incentives, and compensation, and safety evaluation.

Among the several degrees available, the MBA is regarded as one of the most prestigious, with a huge number of students choosing from a variety of courses within it.

HR is one of the most promising and well-defined specializations in business administration.

Career scope and job profiles

HR professionals are the backbone of every organization, which is why they are in such high demand in both the private and public sectors.

An HR administrator must guarantee that all actions, such as employee recruitment, settlement, benefits, compensation, training, and development, are carried out in accordance with business policy.

Staffing director, technical recruiter, employee relations manager, Director of HR training and development, organizational development and change consultant, and employment and placement manager are some of the prominent job profiles in India in the field of MBA in HR.

Human resource management is all about managing availability and correctly utilizing resources.

It entails finding the proper people, educating them to be productive on the job, and devising motivation and inspiration tactics for them.

An MBA in HR is now in high demand, and demand is expected to rise in the future.

HR specialists are responsible for the recruitment, supervision, and development of employees in an ever-changing labor market.

Diverse specializations in HR

As a company becomes more competitive and regulatory changes get more complex, the demand for HR specialists who can assist in organizational improvement continues to rise.

HR Analytics, Strategic HRM (Human Resource Management), talent acquisition, the legal framework governing HR, cross-cultural management, team dynamics at work, international HRM, compensation and benefits, global and virtual teams, learning and development, and technology in HR are among the specialization courses available.

Salary Packages

The salary packages offered by organizations are a big feature for an MBA in HR.

According to a poll conducted by corporate recruiters in 2021, 18% of organizations intend to hire fresh MBA graduates in HR.

An MBA in HR earns an average of 6.42 LPA, with packages ranging from 4 to 8 LPA depending on experience and knowledge.

Students' salaries are determined by a variety of factors such as company location, employment experience, academic background, and so on.

Finance, banking, automation, software, and information technology are the top recruiting industries for HR.

Several large corporations, such as IBM, Trivago, Paytm, Tata Steel, Wipro, Tech Mahindra, Reliance Industries, and others, provide attractive compensation packages to MBA in HR candidates.

Railways, IT, healthcare, sports, aviation, and other government sectors are all recruiting for HR expertise.

Skills required for HR

To work in human resources, you'll need a specific set of talents. These abilities shape not only an HR manager's work life but also their personal interactions with employees.

Effective communication, dispute resolution, change management, negotiating skills, flexibility, planning skills, and supervisory quality are among these qualities.

HR generalists serve as a link between a company and its employees. Employee issues such as salary disbursement, leaves, promotions, and other grievances must be resolved.

HR's communication and negotiation abilities are highly valued in this situation.

HR must enhance their abilities over time and with the help of employees in order to ensure that an organization runs smoothly.

Job Satisfaction

Job satisfaction is linked to an employee's psychology in the workplace. Employees who are happy strive to perform to the best of their abilities.

Every employee desires a healthy work-life balance as well as opportunities for advancement.

Challenges, job security, a good wage, workplace recognition, professional progress, and work-life balance are all factors that contribute to job satisfaction.

HR managers are often satisfied with their role of choice and also help others get their dream job. HR handles employee engagement.

They look after the employees' morale and motivating requirements.

Whenever an employee goes beyond their job roles, they are rightfully recognized for their work. HR ensures that everyone is happy and content in their jobs.

HR students are taught that "happy workers are productive workers," therefore they address an employee's emotional needs on a professional level and encourage everyone to work together.

HR professionals bring positive change

HR executives have strong analytical and project management skills. Today's businesses want to hire people who can influence company culture, manage employee expectations, and assess the success of change projects.

If you want to contribute to the development of a company's culture, an MBA in HR is a must.

To be a competent human resources administrator, one must be good with people. Human capital is the most difficult aspect to manage, but if someone is good at human relations, they will be able to handle this task with ease and love, working with others.

Human resource departments are critical since they aid a company's production while also ensuring employee pleasure.

Without an HR manager, no firm in the world can function. An MBA in HR will considerably aid a person's personal development.

Knowing when to act and when to back off is a talent that every HR professional must gain in order to foster a successful and productive workplace.

DPU GBSRC — Your Go-To College for Best-in-Class Courses

Dr. D. Y. Patil Vidyapeeth’s, Global Business School & Research Center (GBSRC), is among the top-ranked colleges offering dedicated MBA programs in HR. With a top-notch faculty, it has a strong alumni network and an impeccable track record.

Take your first step towards academic learning with us today!

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