Human Resource Management

MBA in Human Resource Management is a two-year professional program specially designed to equip students with the managerial functions related to efficient and effective workforce management to achieve the strategic objectives of the organization or accomplish competitive advantages. In simple terms, HRM is the scientific management of the human capital of an organization. Human capital is the aggregate of the workforce of an organization. These employees are scrutinized as one of the most valuable resources of a firm. 

MBA in HR deals with hiring and managing these people and is responsible for developing the culture of the organization among employees. Since every firm has its own sets of missions, visions, values, systems, methodology, working language, and ideals. The program imparts value-added knowledge on contributing to the sustenance of the company and its valuable growth prospects. 

HRM is a fundamental management function for any company as it plays a pivotal role in ensuring that the firm has a productive, skilled, loyal, and motivated workforce. Following are presented some of its key roles in an organization. 

• Productivity: HRM strategies are designed to align employees’ roles with the long-term objectives of the organization. With effective HRM strategies, organizations can potentially improve productivity and employee engagement to accomplish strategic management objectives. 
• Better retention: MBA in HR imparts skills to keep the attrition rate of the company under check. It facilitates innovative ideas to retain current employees by providing benefits packages and competitive compensation. 
• Reduce expenses and costs: The curriculum of the MBA in HR management is specially crafted to equip students with the training to produce the maximum output for the company using the minimum number of resources. This, in turn, reduces turnover and the cost of training for employees resulting in reduced costs for companies. 
• Improve performance: MBA in HR management program ensures that students learn to help increase the overall performance of the existing workforce by intelligently identifying their capabilities as well as skills and accordingly offering training programs. 
• Increase profitability: MBA in HR online/distance equips students with the skills to keep track of human assets and manage them to create a better work environment and higher productivity leading to the profitability of the organization. They are also taught novel ways to improve morale as well as retention of employees to increase customer satisfaction and enhance company profits. 
• Resolving conflicts: MBA in HRM also imparts knowledge and skills for improving the reputation of the organization. As HRM is the backbone of the company, the curriculum is planned to impart different approaches to objectively resolving disputes and conflicts. An effective communication system is encouraged to arrive at practical solutions to keep confusion at bay. Strategies are imparted to comprehend different situations and help boost healthy relationships among employees. 
• Salaries and wages: MBA in HRM also deals with the aspect of creating realistic structures for payments. Students are equipped with the skills to conduct detailed salary and wage surveys. 
• Keeping liability problems under control: The professional program makes students specialists in comprehending, investigating, and resolving issues such as unfair labour practices, anti-discrimination & harassment laws. 

Career Paths for MBA in Human Resource Management Graduates

Additionally, businesses employ outside experts to bridge knowledge gaps that exist internally. These roles include, among others:

• Executive Recruiter
• Work from Home Facilitator
• HR Consultant
• HR Counsellor
• HR Analytics Specialist
• Corporate Social Responsibility (CSR) Consultants
• Chief Human Resource Officer (CHRO)