Scope of HRM in MBA: Understanding its Key Functions and Career Opportunities

Human Resource Professionals play a pivotal role in any organisation. They are the architects of a harmonious work environment, placing individuals in roles that best suit their skills and motivating them to perform at their best. Pursuing an MBA in HRM is not just an opportunity but a significant step towards a rewarding career in the HRM field. 

This comprehensive guide is your key to understanding the vast scope of HRM in MBA. It will equip you with a thorough understanding of job roles, responsibilities, and potential salary structures. Let’s dive in now and become well-prepared for your future in HRM.

Define Human Resources.

Human resources is a department that takes care of all the issues related to employees within the organisation. Human resources professionals are responsible for multiple tasks like:

  1. Analysing the needs of the organisation
  2. Hiring deserving and talented candidates as per the company’s needs
  3. Orientation and induction taken for the new employees
  4. Development and training sessions for the employees
  5. Taking care of reimbursement and salaries

Human resources professionals handle a wide range of tasks, from job selection to employee retention and training. The career scope of HRM in MBA is equally diverse, offering roles such as HR Manager, HR Executive, Talent Acquisition Specialist, and more.

What is the Scope of HRM in MBA?

Here are the key scope of HRM in MBA to look forward to.

  1. Human Resource Planning: Human Resource Planning refers to a method by which the organisation tries to identify the number of job vacancies in which a specific department and staff member with important qualifications and experience is required.

  2. Job Analysis Design: Job analysis involves identifying what is needed to do in a specific job. This includes outlining and identifying the skills and responsibilities required to do within the job and helps in writing a job description for other job positions. 

  3. Recruitment Process and Selection: The recruitment process starts after completing the job analysis and establishing the requirements. The hiring team first posts about the job online to attract deserving candidates. Once a certain number of candidates are selected based on academic qualifications and skill set.

  4. Induction and Orientation: Once the candidate is selected, the organisation conducts an induction session to introduce them to the company’s culture and policies and introduce them to the employer. 

  5. Training and Development: Once the employee joins the team, training sessions are held to train them according to the company’s needs and requirements. During this training period, existing employees can also participate from time to time.

  6. Performance Appraisal: Once the candidate has spent time on the job, a performance appraisal is conducted to evaluate their performance. Based on these appraisals, salaries are updated, and training sessions are conducted.

  7. Motivation, Welfare, and Safety: The scope of HRM in MBA is to retain employees and ensure a healthy work culture. Organisations should keep employees motivated through promotions, appraisals, recognition, etc. while ensuring safety through housing, medical aid, and safety audits.

  8. Employee Grievance: The scope of HRM in MBA encompasses employee grievance, and they take regular employee feedback to understand the difficulties of the employees and ensure a better work environment. 

Maintaining employee grievances helps them feel secure and allows them to share their concerns and issues with the team and organisation.

Skills You Develop After Completing Scope of HRM in MBA

Let’s discuss the skills you’ll develop after completing your MBA in HRM programme.

  1. Leadership: Ability to motivate and inspire the team member.
  2. Effective Communication: Listen and communicate precisely and clearly to better understand.
  3. Decision-Making: Be confident enough to make insightful and rational decisions
  4. Relationship Building: Ability to connect and build professional relationships with employee members. 
  5. Negotiation: Must be able to balance the suitable candidates at the right time and cost.

Career Opportunities after HRM in MBA

The career opportunities after completing the MBA in HRM programme are given below. 

Job Roles Salary in INR 
Human Resource Manager 10,00,000
Human Resource Consultant 5,00,0000
Training and Development Manager 11,00,000
Compensation Specialist 13,00,000
Corporate Trainer 7,00,000
Technical Recruiter 6,00,000
Employee Relations Specialist 7,00,000

 Please Note: The salary mentioned above are subject to change via time.

Top Recruiters After Completing HRM in MBA

Here is the list of top recruiters who hire graduates after completing their MBA in the HRM programme.

  1. KPMG
  2. Infosys
  3. Accenture
  4. Pepsico
  5. Wipro
  6. Reliance Industries
  7. Aditya Birla Group
  8. Larsen & Toubro
  9. TCS
  10. Cognizant

Conclusion

The scope of HRM in MBA is broad and promising. It covers fundamental aspects such as recruitment, training, employee relations, strategic planning, and performance management. To develop the organisational workforce, HRM helps students develop much-needed skills like leadership, negotiation, communication, etc. 

HRM offers a multitude of job opportunities, from HR Manager to Compensation Specialist, each with the potential for a rewarding salary and a promising future. This specialisation not only enhances your skills but also prepares you to drive organisational growth through innovative strategies. The sky’s the limit in the world of HRM.

Scope of HRM in MBA: FAQs

Q1. What is HR's salary?

According to a Glassdoor report, the salary of an HR ranges from INR 10,000,000 per year.

Q2.What is the career scope of HRM in MBA?

An MBA in HR opens various career opportunities in India. Graduates can take job positions such as HR Manager, HR Business Partner, Compensation Specialist, Benefits Manager, etc.

Q3. What is HRM and its scope?

HRM is an integral part of an organisation and is responsible for employee relations within the workstation. Its priority is recruiting the team, training them, and handling issues within the company premises. Naturally, the scope of HRM is broad.

Q4. Which MBA has the highest salary?

MBA that has the highest salary are:

  • -Finance
  • -Human resource
  • -Marketing
  • -Entrepreneurship
  • -Data Analytics

Q5. What are the 7 functions of HRM?

The 7 functions of HRM are:

  • -Recruiting and Hiring
  • -Training and Development
  • -Maintain Company Culture
  • -Handle Disciplinary Actions
  • -Maintain Employee Relations

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