Human Resource Management Degree: Let’s Gain All the Insight!
According to the U.S. Bureau of Labor Statistics, careers in Human Resource Management are expected to grow by 9% between 2014 and 2024, making it one of the fastest-growing careers today. Moreover, if you're interested in becoming a part of this booming field, you're probably wondering what it takes to successfully get into the field. For starters, let's have a look at the Human Resource Management degree and what it has to offer!
A Glance at the Human Resource Management Degree
HRM, short for Human Resource Management, is the management of employees which maximizes employee productivity, reduces turnover rates, and increases job satisfaction. It is a crucial part of maintaining and improving the health of organizations as it enables them to stay competitive while fulfilling their mission and objectives.
A Human Resource Management degree is a multidisciplinary major that draws heavily from business strategy, psychology, economics, and sociology. In general, the diversity of courses allows you to develop skills in managing employee relations, learning and development, and organizational development and consulting.
The following is a list of possible courses you could take when pursuing your Human Resource Management degree:
- Talent Acquisition
- Leadership Development
- Compensation and Rewards
- Employment Law
- Innovative and Strategic Thinking
- Organizational Behavior
Skills required to excel in HRM
Employee Relations Management (ERM)
ERM refers to managing the relationship between employees, departments, or managers and their employees in an organization. Furthermore, this skill is important in building strong employee-company relationships and suggests that you may be skilled in counseling, employee advocacy, and workplace programs that promote healthy relationships between coworkers.
Legal Knowledge
The Human Resources Department acts as the governing body of an organization. Moreover, as employment law continually changes, it's crucial to stay updated on the latest regulations concerning employment and company standards. Additionally, your role in HRM may involve processing contracts or negotiating work arrangements with companies, requiring legal skills and experience.
Job prospects
After obtaining a Human Resource Management degree, you will be able to use it in almost any organization across different sectors. Typical employers of Human Resource Management graduates may include:
- Banking and finance firms
- Hospitals
- IT and technology firms
- Specialist consultancies
- Production and manufacturing firms
Jobs that are directly related to your degree are typically found within the Human Resource Departments of the organization. Moreover, in smaller firms, usually only a small group of HR generalists would carry out a wide range of HR tasks. On the other hand, larger firms have more specialized roles. Individual employees are dedicated to tasks such as hiring, training, handling immigration and visas, as well as processing payroll. Despite the specialization of each HR position, several duties may still overlap with each other. Here are some HR job titles:
- HR Project Manager
- Human Resources Associate
- Recruiting Manager
- Training and Development Officer
Graduates in Human Resource Management could also have access to a wide range of other roles, including:
- Arbitrator
- Careers Adviser
- Life Coach
- Management Consultant
- Recruitment Consultant
- Trade Union Research Officer
In general, the Human Resources field is on the upswing. Furthermore, with companies becoming more invested in the strategic difference a Human Resource Department can make, human resource jobs are growing in demand. Let's start your human resource career on the right foot!
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