What is HR?
Human Resource Management is a management function concerned with hiring, motivating, and maintaining workforce in an organization. Human resource management deals with issues related to employees such as hiring, training, development, compensation, motivation, communication, and administration.
Importance of HR Department is important is because they are the ones that keep employees grounded by maintaining employee satisfaction, employment engagement and even maintaining workplace atmosphere. … Employee benefits include offering and processing application and claim forms.
Reasons A Human Resource Department Is Necessary. An HR’s main job is to recruit employees, sustain them, train them, do their appraisals, motivate employees as well as have a well-rounded workplace communication.
Role of HR
Human resources specialists are responsible for recruiting, screening, interviewing and placing workers. They may also handle employee relations, payroll, benefits, and training. Human resources managers plan, direct and coordinate the administrative functions of an organization.
Functions of HR Management
Human resource management is a central pillar of many organizations. … In short, human resource activities fall under the following five core functions: staffing, development, compensation, safety and health, and employee and labor relations. Within each of these core functions, HR conducts a wide variety of activities.
Here are seven of the most important human resources functions in manufacturing companies.
- Talent Acquisition/Recruitment.
- Compensation Management.
- Benefits Administration.
- Training and development.
- Performance Appraisal and Management.
- Employee and Labor Relations.
- Compliance Management.
Working of HR
They help their companies remain viable by attracting top talent, recruiting the best candidates for each position and enabling employees to develop their skills and talents for their own benefit and that of the company. HR managers connect the value of human capital to the company’s bottom line. The importance of studying human resources management is that it teaches you how to achieve business success through managing a team. Managing human resources is about being successful because the company has used their talent to their best ability.
Occupational titles for master’s in HR management grads include:
- Chief Learning Officer.
- Compensation & Benefits Manager.
- Compensation, Benefits & Job Analysis Specialist.
- HR Practice Leader.
- Human Resources Manager or Director.
- Industrial Relations Director.
- Labor Relations Consultant or Manager.
Worth of HR Degree
A master’s degree in human resources is more affordable than a MBA most of the time, but in many cases, the savings do not hold up over time. … Therefore, if you are interested in earning as much money as possible in your career, the MBA is worth the added investment upfront in order to earn more in the long run.
Careers
Possible Careers for Individuals with a Master’s Degree in Human Resources Management
Human resources is one of the fastest growing career paths in the United States. In addition to high-earning potential, a human resources career can be personally rewarding and offer longevity. It can even lead to an executive-level position within an organization.
- Human Resources Manager. A master’s degree in human resources management would prepare you for a career as a human resources manager. …
- Training and Development Manager. …
- Top Executive. …
- Management Analyst. …
- Compensation and Benefits Manager.
