Human Resources Development (HRD) has evolved from typical management form to a refined function of giving knowledge and motivating employees to utilize their potential and expertise to the optimal strength.
What is Human Resource Management?
Human Resource Management (HRM) is the managerial procedure that covers the key procedures, policies in an organization, activities, and in relation to its employees. This includes recruitment, compensation, training, and developing policies for the aspirants. An effective HRM contributes solely While playing a strategic role in managing people and the workplace to the accomplishment of the company’s goals and objectives.
The Importance of Human Resources Management
The importance of resource management has increased over the last 20 years. The roles have now become more multifaceted.
In the modern workplace, the work conducted by the HR team is combined into the business and contributes towards helping it achieve its strategic goals – by implementing individual policies or by developing a more beneficial workplace culture. That is why HRM has turned from being a process-orientated function to one of great strategic importance.
Nowadays companies need to be adaptive, customer-cantered, and quick to change their pace and direction. Within such an environment, HRM’s effectiveness is crucial to business success. HR professionals establish systems for employees which includes their performance development and career succession planning.
Roles & Functions of HR
This is the process of identifying talent gaps and finding the right people to fit in the roles.
He recruitment process consists of four stages:
Also known as onboarding, another core function of HRM is employee orientation. The main objective of this orientation is to offer information to the new recruits regarding the company’s targets, policies, and activities.
Employee development refers to the efforts for improving personal, professional, team, and organizational effectiveness.
Why will HR be a fundamental key for companies in 2020?
Today in the digital world the expansion where organizations must skill in all areas to survive and lead markets in a global context of change. VUCA – Volatility, Complexity, Uncertainty, and Ambiguity defines the way we relate to our employees, customers, and suppliers.
According to a study carried out by the European Union, it is estimated that by 2020 an increase in the number of workers specialized in Information & Communications Technology (ICT) skills will be needed in the market.
This implies that learning curves are more limited and the HR department has a decisive role in the development, management, recruitment, and retention of talented employees.
Here are the most inspiring HR trends for 2020
PGDM in HR
PGDM in HR is a foundation course enables student by developing an individual’s approach towards managing employees with a strong focus on HR practices and strategies. The course also includes the legal context of handling labor and workers in the organization.
The course seamlessly embeds modules specifically aimed towards HR-related competencies in functional areas such as hiring employees, onboarding, performance, training and development, compensation, engagement, and inclusion.
Skills Desired To Be a Successful HR Professional
Much has been said about HR – they are people-oriented, the soft side of management, stable in nature but organizations and HR roles have undergone a drastic change. A successful HR professional should –
Career Opportunities in HR
Under Human Resource Management, you have the opportunity to specialize in a specific area or even work as a Generalist. Some of the specialized areas within HR that you may opt for are:
By pursuing PGDM with a specialization in HR, you will get many lucrative offers for corporate jobs in HR.