Human resource management cuts across various industries, fields, or disciplines. It’s basically managing the people that make up the workforce of an organization.
It is all about supporting and honing human resources. As you read on, you will understand why human resources management is an excellent career option. First off, let’s begin with what human resource management means. For more particular details, you can see AbstractOps.
What is HRM?
In simple terms, human resource management (HRM) is overseeing the staff of a company or an organization. HRM is usually approached strategically and efficiently because that can be the difference-maker for any organization in a particular industry.
Human resource management aims to enhance the performance of the employees and ensures that it is up to the organization/employer’s standard. It also provides an alignment between the employees’ individual visions with the organization’s overall vision to foster cohesion between the various departments.
In a nutshell, HRM involves the people and policies affecting them in an organization. They ensure that their company achieves its goals through the effective handling of the staff. Human resource management also involves the recruitment, employee relations, development/training, review, compensation, discipline, welfare, and dismissal of the staff in their organizations.
Human resource management also extends to the scope of inter-company relations within the industry and even outside of it. It upholds the organizational culture and ensures there’s consistency between the organizational activities and industry-related laws.
The Career Map to HRM Practice
Enroll for your Academic Degree
The first step to a career in human resource management is enrolling and earning your degree in the discipline. Virtually all the entry-level human resource positions/jobs in organizations need a bachelor’s degree in HRM.
It will take you at least three years to earn your degree if you enroll as a full-time student. HRM offers versatile opportunities such as a payroll manager, office admin, and recruiter, among others.
Build your Work Experience
Some organizations require their human resource staff with work experiences in a particular industry like healthcare, the legal system, finances/banking, telecoms, or technology.
To get a vast amount of experience, regardless of the time spent on the job, think about working for a human resource consulting company that can give you the chance to explore the various areas and fields involved. A diversified background is the best kind of work experience.
Get Further Training and Certification
Don’t stop at a bachelor’s degree if you want to go far in your chosen career path—aim higher. There are more advanced academic programs on human resource management that you can enroll in. Aim for a master’s degree and other kinds of postgraduate qualifications, if available. This way, you are well on your way to become an authority in the human resource management industry.
The Right Reasons to Opt for a Career in HRM
You Desire to be part of a Fast-Rising Industry
HR managers are more in demand as time progresses. This is because there is a high rate of unemployment and a saturated labor market. This means there is a huge availability of potential employees. Eventually, there’s a greater need for HR managers to screen and select the most suitable ones for the organization.
HR positions are more sought-after than almost all of the other positions by organizations. The Bureau of Labour Statistics speculates that this trend will only rise by about 39,000 jobs between 2016 and 2026.
Also, the money earned is worth it. According to the Bureau of Labor Statistics, human resource managers are well compensated, with an average yearly income in 2018 being $60k+.
You Genuinely Enjoy People Relations
If you genuinely enjoy connecting with people (employees and employers), HRM is the perfect career option for you. HR managers play a crucial role in training staff, employee relations, and so many other facets of engaging with the organization’s employees. So, people relations is their job. It’s what they do every day.
HR experts are excellent in interpersonal conversations and social settings. It’s a key trait of many successful HR practitioners. If you enjoy working with people and have a knack for building rapport and positive communication, you can have a successful HRM career.
You should be able to foster feelings of trust and come up with win-win situations for both employees and employers.
HRM goes beyond the part of the iceberg you see. A lot more goes on underneath. They play a crucial role in mapping out business strategies for the firm. For example, human resource consultants can partner with organizations to build a recruitment brand that enables them to keep and draw in the most qualified employees.
They also play a crucial role in creating attractive incentives and welfare packages that reward, motivate and satisfy the employees’ needs. In addition, they come up with work-related improvements or innovations such as flexible working schedules or remote working arrangements that engage employees in a less tense atmosphere.
They’re vital in finding solutions to the problems of the organization.
Rapid Career Advancement
This is perhaps the most important reason for choosing HRM as your career. In this present age, everything is fast-paced, including the way firms handle their human resources and recruit new staff. The speed of advancement announces the need for HR managers who are more attuned to modern times and can help the company move forward, advancing their own careers in the process.
Bureau of Labour Statistics (BLS) predicts that jobs for HR managers will rise by an estimated 9% between now and 2026, which means an additional 12k jobs in the industry.
There will be so many novel opportunities for HR experts because more HR consulting firms will be established. These firms will offer HR specialists, not just lucrative pay but also a fast lane to an advancement in their careers.
Now, you are in a better position to decide if you should consider HRM as a career option. If you have any questions, please feel free to let us know in the comments.