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People’s man

education Updated: Jan 01, 2013 14:57 IST
Hindustan Times
Max India Limited


The lowdown

Human resource (HR) management is a distinctive approach to managing people and their aspirations in an organisation. It is a process of procuring, allocating, and effectively utilising human capital to create a balance between a company’s long-term business perspective and developing a talent pool with the right set of skills. As organisations work towards improving employee engagement and retention, managing employees’ aspirations has become vital within HR management. Some of the emerging practices in HR include understanding employee aspirations, moulding them based on their unique backgrounds and helping them manage their goals to best accomplish their career objectives. An HR manager acts as a facilitator to achieve high performance in the given work environment.

9am: Check mail. Send out communication to other functions
10am: Meet team members and get updates on major projects
11am: Meet functional heads to chalk out programmes for their teams, including training, manpower planning, audits etc. Teleconference with other location heads
1pm: Lunch with colleagues
2pm: Update CEO/business heads
3pm: Handle interviews
5pm: Conduct meetings; review future plans and initiatives etc
7pm: Go home

The payoff
Entry-level HR professionals from premier institutes may earn between Rs. 6 lakh - Rs. 12 lakh a year. A mid-level professional may earn between Rs. 18 lakh - Rs. 35 lakh a year. Senior professionals may earn between Rs. 40 lakh - Rs. 1 crore a year

* Ability to work under pressure, demonstrate discretion and integrity while being fair-minded
* Strong domain knowledge
* Be able to align people resource strategy with business goals
* Strong communication skills

Getting there
People from various fields can become successful HR managers. Courses in psychology, human behaviour, labour laws, and MBA (HR) would give a more balanced perspective while dealing with people. Some background education in the industry you work in will give you that extra edge

Institutes and URLs
* XLRI, School of Business and Human Resources, Jamshedpur
* Tata Institute of Social Sciences, Mumbai
* Indian Institutes of Management
* Symbiosis Institute of Business Management, Pune

Pros and cons
* Personally enriching and intellectually stimulating career
* You could get caught between conflicting expectations of the organisation and its people

Going forward, competitive advantage of any enterprise is through people. Hence, HR will emerge as the centrepiece of any enterprise -- P Dwarakanath, director, group human capital, Max India Limited, New Delhi