The virus outbreak caused widespread disruptions in practically all industries, resulting in billions of dollars in lost revenue, work shutdowns, significant layoffs, and the unheard-of creation of a remote workforce. After the pandemic, the idea of the digital economy has gained popularity, and some industries are now providing jobs like never before. It's time to rethink how work will be done in the future and to pinpoint the industries that will offer the best career prospects.
Your total business can only be as strong as the human resource component of your endeavor, no matter how strong you think your business strategy may be. Soft skills and effective communication are important, but they are undoubtedly insufficient today. The world of today is changing and with it the norms and fashions of the sector. This directly affects the requirements placed on the workforce by the sector today. At the same rate that the sector is evolving, so are the prerequisites for skills and competence. Therefore, the least that can be expected of human resource management executives is that they are knowledgeable about the specifics of the industry and that they continue to learn, unlearn, and relearn even the hard facts as and when the need arises.
And this is the main reason why businesses are willing to pay well for extraordinarily brilliant individuals who can assist them in managing their personnel. One of the most crucial facets of running a business is managing a company's human resources, as even the most successful organizations will attest. As a result, there has been a huge upsurge in interest in human resource management courses in colleges.
Top Human Resource Management Job Profiles & Salaries after PGDM or MBA
HR managers have rewarding and hard careers. They must act as a liaison between the worker and the employer. While their positions demand them to recruit the best candidates, they are also accountable for their employees' welfare and perks.
They also supervise the job, carry out training, and bargain for the pay and benefits of the workers. Following a PGDM in human resource management, some crucial job profiles include the ones listed below:
1. Generalist in HR
In India, the average yearly wage is 4.8 LPA.
The duties of an HR generalist include managing employee onboarding, payroll, and benefit plan administration, support with hiring and selection, training and development, and talent acquisition.
2. Staffing Supervisor
11.5 LPA is the standard yearly wage in India.
The hiring manager is essential to the company's success. They perform all necessary evaluations of the company's personnel as part of their duties. They are also in responsible of developing the policies for transfers, training, and recruitment, among other things.
3. A hiring manager
In India, the average yearly wage is 7.2 LPA.
A PGDM or MBA in HRM is yet another crucial professional title held by management graduates. A recruiter's responsibilities include assessing candidates' fundamental abilities and choosing those who possess the necessary background knowledge for the position.
4. Payroll Administrator
In India, the typical yearly wage is 18 LPA.
The financial management of the business is the duty of the compensation manager.
5. Manager of Employee Relations
In India, the average yearly wage is 9.5 LPA.
The manager of employee relations fills the communication gap between management and employees. They act as a conduit for dialogue between the two. They take the time to listen to the problems and grievances of the employees and work to find solutions that will benefit both the employee and the employer. They also arrange meetings and conversations between the union or employees and the corporation in order to settle disputes between them.
6. Manager of Training and Development
In India, the average yearly wage is 8.3 LPA.
This is the HR position that management graduates are most interested in. The manager of training and development for a company develops and implements new-hire training programs. In order for the workers to effectively contribute to the company's success, they must efficiently identify skill gaps in the workforce and conduct training and development seminars.
7. Recruiter in technical fields
India's typical annual wage is 4.5 LPA.
The importance of this role is also maintained by a PGDM or MBA in human resource management. Assessing candidates for their technical skills and choosing those who match the requirements is a crucial part of a technical recruiter's work. Technical recruiters are typically employed by the banking and IT industries.
8. Consultant for Change Management
India's national average annual wage is 7.4 LPA.
This job description is quite interesting. Implementing adjustments to a company's operating procedures is its main responsibility. They plan, do the research, and execute the changes.
In the global business sector, management graduates with a master's degree in human resources, such as a PGDM or an MBA, are in great demand. Regardless of the industry or sector, a firm needs an HR specialist to be successful. Enrolling in a master's program at IIM PGDM Pune will give you the best head start on a lucrative career in the recruiting and talent industries.
Make the proper decision today and start down your route to becoming a top HR professional if you want to develop your career in human resource management.
