Human Resources Development Career Information
Think about this. If you take away all of Wipro's staff where will that leave Azim Premji, the richest Indian? Nowhere.
If you still haven't figured out what I am driving at, take another shot. The total value of any organisation is the strength of the people working for it. Is your perception of a HR executive restricted to grilling prospective employees and handing out salary cheques? Then read on.
What a Human Resources Development does
Of course, the most important and immediate task of HRD is that of a matchmaker. No, not the matrimonial kind but to match the right job with the best candidate. The HRD nurtures the work force to make sure that the best staff never leaves the organisation.
Human Resource is increasingly making an appearance in the balance sheets of companies. In fact HR is now termed as human capital so much so that in finding the true value of a company, the value of human capital is crucial.
In the past a personnel manager handled everything from recruiting, selecting, inducting, training, compensating, maintaining and helping people retire in a company. But today a need has been found to develop a fully functional HRD department that would cater to better employer –employee relationship, strategies to increase employee productivity and take care of various employee requirements.
Your Main Areas Of Work
• Not just recruiting anybody but actually headhunting for the best talent to work for the company
• Motivating and guiding the right people to join the company
• Cultivating a positive attitude among the selected employees
• Carving a career growth path for the employees
• Training and developing them to take on more and more responsibilities
• Deciding the right compensation/remuneration package so as to motivate the employees to perform better
• Building a sound working environment and work culture
• Building an attractive performance appraisal system with incentives
• Developing appropriate strategies and policies for separating non-performing and aged people (who are due to retire) from the company
Job Opportunity
• Industries in both the public and private sector-in the companies run by the government and private management
• Hotels, travel and tourism firms, financial services organisations and other service sector organisations.
• HRD consulting organisations and recruiting consultants
• Management consultant organisations
• Non-governmental organisations (NGO)
• University departments and management institutions as faculty members
Career Prospects
With the growth in Information Technology, BPO’s, Healthcare, Financial Service, Telecommunication, etc., the demand for HRD professionals is increasing by the hour.
If the number of Indian management institutions offering specialisation in the field of HR is any indication, the trend is fast catching on here.
Abilities & Traits Required
Requirement:
• A keen interest in meeting various types of people, communicating with them - basically understanding human psychology
• Ability to take on high pressures
• Good communication skills and listening abilities
• High leadership abilities
• Willingness to take initiatives and an enterprising nature
• Good organising ability
• Extrovert nature
• Good foresight (ability to peek into the future)
• Hard working
That's as far as the personal qualities are concerned.
Qualifications
Let's see the academic route to a career in HRD.
• Your best entry route into the career is through a MBA or an equivalent PGDM/PGDBM with a specialisation in HRD.
• M.A in Personnel Management/MBA with specialisation in Personnel Management or Personnel Management & Industrial Relations
• Post graduate diploma in HRD • M.A in HRD
• Post graduate diploma in Personnel Management & Industrial Relations
• Master of Human Resources Development or any other related course
Upgrading your HR skills on a continuous basis with the happenings and trends in the industry is required to sustain in this filed. This is a must as the interest and aspirations of people change with the socio-economic situations.
Salary
Starting salaries are in the range of Rs 25000-30000 per monthA degree from one of the top 10 business schools of India could be your ticket to greater things in life. And we are talking of foreign posting with a salary of US$ 5000-7000 a month.
Starting salaries in consultancy firms may start from Rs. 15000/- and go upto Rs 20000/- in corporates.
Jobs in Information Technology, Telecommunication, Retail Banking, etc., are the highest paid. entry level jobs pay Rs 25000-30000 a month or even more. With 4-5 years of experience it could rise to Rs 45000-50000 or more a month.
At the top level, a HR professional earns the same as a Marketing professional: Rs 900000-2000000 p.a or more. You can be employed as the CEO of a company at Rs 5000000 p.a.