Undoubtedly, India is one of the most exciting emerging economies in the world. India is expected to add about 250 million to its labour pool at 18 million annually. This “demographic dividend” gives human resource management a special position with many responsibilities.
Scope in Human Resource Management
All activities that fall under the umbrella of human resource management are included in the scope of human resource management. The Human Resources Officer is expected to advise and assist employees and supervisors. They are required to take care of the training needs of the employees, execute performance reviews, and formulate personnel policies. These activities can be enumerated as follows:
Human Resource Planning
It is the process by which the organization identifies the number of vacancies, whether there is a surplus or shortage and how to rectify the situation.
Job Analysis Design
Job analysis design is essentially a detailed description of each job in the company.
Recruitment and Selection
Job analysis clearly defines the need of the company. On the basis of this information, the company starts the recruitment process by preparing advertisements and publishing them in newspapers. Finally, the right candidate is selected after sifting through the multiple applications received and conducting interviews.
Orientation and Induction
After the completion of the selection process, an induction or orientation program is conducted. New employees are given an overview of the organization’s background, culture, values and work ethic.
Training and Development
Employees undergo training programs that are designed to bring out their potential and help them perform better in their respective job roles. In addition, refresher training is provided to the existing employees to keep them abreast of the latest changes.
After about one year of employment, a performance appraisal is conducted. Based on these annual appraisals, future promotions, incentives, increments and salaries are decided.
Compensation Plan and Remuneration
Remuneration and compensation planning are part of the human resources officer’s role.
Motivation, Wellness, Health and Safety
Various methods of motivation are required to retain and retain the workforce in the organization.
To maintain cordial relations with the union members for the smooth functioning of the company.
Opportunities in Human Resource Management
An incumbent can start a career in HR as an HR Generalist or HR Specialist. A generalist in the human resources field may be required to handle multiple functions and areas simultaneously. Their career paths in various fields are as follows:
HR Careers in Manufacturing Sector, BPO, IT, Corporates, and Service Sector
Human resources professionals are needed by all companies, from small businesses to multinationals. Be it consumer products, restaurants, retail, pharmaceuticals, telecommunications or publishing industries, they all require HR executives.
HR Career in Education Sector
Universities, colleges, schools and school boards have human resource departments.
HR Career in Banking Sector
In the banking sector in India, the prospects are excellent for an HR professional considering the number of employees that need to be managed.