In this ever-changing world, the demands of the corporate world have changed as regards to various functional areas. The success of an organization in a real sense can be measured based on the state of happiness of its employees. One of the major challenges that many organizations are facing is of retaining a qualified, dedicated employee as there are many enticing job opportunities present in the corporate world. Companies are undergoing a lot of restructuring, and the main focus of companies is to survive the cut-throat competition. Apart from profit-making, good companies also keep in mind that in the long run, it is the quality of the workforce that will determine its future. Therefore to hire qualified MBA(Human Resources) graduate, companies have rigorous selection criteria.
Why MBA in Human Resources?
Management aspirants keen to pursue MBA in HR have to clear various entrance exams like CAT, XAT, SNAP, MAT etc and then the second round of selection entails them to clear the group discussion and personal interview round. It is of utmost importance that students give a careful thought and then select an MBA college which provides Human Resource as one of the specializations. The course of a MBA (HR) programme is designed in such a way that students’ knowledge quotient rises. Students enrolled in Human Resource Management course study case studies and research modules to have a better understanding of various HR problems.
Scope of MBA in HR:-
Management graduates with a Human Resource specialization have a lot of employment opportunities. In a multi-national organization, the workforce comprises of people of different nationalities having different cultures and academic backgrounds. Many HR professionals have to face a challenging problem where the onus lies on them to assimilate this diverse workforce and still have a harmonious working environment. The work of HR professionals is highly valued. Managers with an MBA(HR) degree are responsible for recruitment and staffing, appraisal management, training and many other vital factors involved in running the day to day operations of an organization.
Role of an MBA-HR:-
A youth who is keen to be in the HR department must have a thorough understanding of the subject and its various implications in an organization. Moreover, as the companies are facing cut-throat competition, the demand from their employees in terms of performance has increased. An HR manager has a crucial function in deciding the parameters for monetary and non-monetary perks to being given to deserving employees in a company. Organizations of repute like Ernest & Young, Marriott Hotels, Godrej consumer products, Google India, American Express India, to name a few, have some set performance standards. These organizations expect their workforce to deliver their best at work and then organizations have a reward system in place. Many organizations have a fixed programme to provide training to new joiners so that they understand the company’s mission, vision, goals & objectives and working style. HR professionals assure that offices have a congenial environment and work constantly towards fostering harmonious employer - employee relationships.
An MBA in Human Resources can take up the following job roles:-
- Training Manager
- Recruitment Manager
- Human Resources Manager
- Human Resources Development manager
- Personnel Manager
- Manager (Industrial Relations)
- Labour Welfare officer/ manager
Best Colleges offering MBA HR - programme:-
- XLRI - PGDM (HRM)
- Indian Institute of Management, Ahmadabad
- Indian Institute of Management, Bangalore
- Indian Institute of Management, Kolkata
- Symbiosis Institute of International Business,Pune
- Narsee Monjee Institute of Management Studies, Mumbai
- Jamnalal Bajaj institute of Management Studies, Mumbai
- Institute of Management Technology, Ghaziabad
- Faculty of Management Studies, Delhi
- Management Development Institute, Gurgaon
List of major subjects in MBA Human Resource Management :-
- Human Resource Planning
- Human Resource Information Systems
- Recruitment & Selection
- Performance Management and Appraisal
- Training and Development
- Compensation Administration
- Fundamentals of Industrial Relations
After having grasped the fundamentals in the domain of human resources, many professionals have risen in their careers. Students should pursue MBA in HR from the best MBA colleges mentioned above.