Among various resources required in the production process, human resource is one of the most important. For success of any industry and company, it is essential that human resource is utilized in the best possible way. Companies need to match employees with the jobs for which they are best cut out for. This task is done by human resource (HR) professionals. These personnel deal with recruitment of new employees, conducting tests and interviews, managing employees� benefits, and listen to minor grievances of the employees. Besides, they also assist workers in boosting their morals and providing training and coaching to maximize their abilities.
Human resource management (HRM) is taught as part of an MBA curriculum at all B-schools across India. Many colleges offer HR courses at graduation level as well. MBA is a two-year program pursued after graduation, or its equivalent degree. Admission into the MBA program is generally held on the basis of a written test, with group discussion and personal interview following subsequently. Separate entrance examinations tests are conducted by different institutes, such as CAT by IIMs, MAT by All India Management Association, and XAT by Xavier Institute. Besides, there are executive MBA (HR) programmes offered by some institutes which require a minimum level of experience.
The main task of HR managers is the efficient use and development of available skills and talent of the employees within the organization. Thus, they are highly in demand in both public and private sector organizations. As such, they can seek employment in public and private sector industries, banking and financial institutions, corporate houses, and multinational companies. Personnel managers can aspire to be employed in the services sector, particularly IT companies who are dealing with a number of employees nowadays. While large firms have their permanent personnel managers, small companies, on the other hand, hire services of human resources consultants. Yet another great option to look out for!
Top Colleges Offering UG/PG/Other Courses
A wide spectrum of institutes in India offer human resources or labor relations as one of the specializations under the MBA program. The seven
Indian Institutes of Management (IIMs) at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode, and Shillong are among the top B-schools that conduct MBA (HR or LR) program in India. Some other top management schools offering this course include:
Xavier Labor Relations Institute (XLRI), Jamshedpur;
Xavier Institute of Management, Bhubaneswar;
Indian School of Business, Hyderabad;
Faculty of Management Studies, Delhi University - New Delhi;
Jamnalal Bajaj Institute of Management Studies, Mumbai;
SP Jain Institute of Management Studies, Mumbai;
Management Development Institute, Gurgaon;
Narsee Monjee Institute of Management Studies, Mumbai; and
Symbiosis Institute of Business Management, Pune.
As a general MBA graduate, a personnel manager can earn around Rs. 20,000 to Rs. 30,000 per month in the beginning in the private sector. However, in the public sector, the pay scale is comparatively lower than that of the private sector. The pay package increases depending upon the qualifications, ability, and experience of the person concerned. At senior level, an MBA graduate, with human resources as specialization, can expect anywhere between Rs. 50,000 and Rs. 60,000 as monthly income. Besides, those who have taken up consultancy as a career, also receive handsome returns.�