After bringing to your Profiles offered in Finance, Profiles offered in Marketing, Profiles in Operations/Supply Chain and Profiles offered in IT, after MBA – Today we bring to you Job Profiles after MBA in HR.
Job Profiles after MBA in HR
Human Resource is not just about interacting with people and alleviating their problems. In fact, barring a few disciplines, interaction is not even required on the level which people presume to be. In a typical setup, the HR department constitutes the following disciplines:-
• Talent Acquisition (or Staffing)
• Organizational Talent Development
• Compensation and Benefits
• Industrial (Labor) Relations
• HR Analytics
1. Talent Acquisition (or Staffing)
To begin with Talent Acquisition or Recruitment as we generally perceive it as is the function which gives you the opportunity to interact with people on a regular basis. As a manager in this function you are handed over the charge of taking care of the organization’s staffing requirements (includes both blue and white collars). So apart from the interviews and the campus relations, you have to maintain, evaluate and forecast the requirement of manpower in the company. The job also involves getting in touch with the HRs of different departments and units (if yours is a multi-location organization) to co-ordinate and ensure that the vacancies are filled within the time frame. Maintaining a talent pool (as some of the IT giants are known to do) is also a part of your work.
2. Organizational Talent Development
Next in the pipeline is Organizational Talent Development which basically articulates the skills, competencies and capabilities of the workforce and tries to enrich the same by encompassing areas like on the job training, job enrichment, job rotation etcetera. The OTD strives to better the non-financial aspects of the employee reward package. Thus be it training to facilitate knowledge enrichment, rotation to give varied exposure or introduction of mentoring programmes to develop a leadership pipeline, OTD ensures that an employee gets every opportunity to grow and progress within the organization.
3. Compensation and Benefits
A Compensation and Benefits manager is entrusted with the vital task of handling the most important motivating factor for the employees. The C&B personnel has to stay abreast with the latest industry standards and keep inculcating the best practices for his company, to whichever extent possible. He has to ensure that the pay structure is employer friendly and helps them to manage their funds (including save on taxes) effectively. The different parameters on which the variable pay and the benefits (company car, medical insurance, LTC etcetera) depends, are also largely decided by this sub-function.
4. Industrial (Labor) Relations
Industrial Relations or IR as it is widely abbreviated, has so many intricacies involved in it that it can form a specialization in its own! An IR manager caters to the blue collared employees and hence they are usually not to be found in IT/ITES companies. The scope of work in IR involves a lot of legal compliances and statutory requirements that need to be met. Consequently it requires the personnel to be completely knowledgeable of all the labour laws and policies at all times. Excellent negotiation skills are also a pre-requisite for an IR manager since wage settlement forms an important accountability of his job. A dereliction of duty by him can lead to disaster for the company (strikes and shut downs)
5. HR Analytics
The last discipline on the list is also the newest on the block. Gone are the days when HR used to be all about theories and intangibles. Today every business needs its departments to talk in numbers and HR is no exception. HR Analytics creates a single view of all relevant workforce and talent data and uses it to arrive at business driving processes and initiatives. So parameters like turnover, optimization or cost of the employees are all presented in a single view to be positively used to impact the business. It’s like establishing a cause and effect relationship between what the HR does and the business outcomes.
With the industry revolutionizing day on day basis, Human Resource Managers have started playing a much bigger role as compared to earlier days. They are involved in all the strategic moves which includes people and the related policy making.