Human Resource Management (HRM) is the department of a business organisation that looks after the hiring, management of the staff. The human resource management focuses on the function of people within the business, ensuring best work practices are in place at all times. The human resource management department ensures the smooth running of the staff within a business. This allows the management to focus on the running of the business and not get distracted by internal rows involving employees.
The human resources management involves management functions like planning, procurement, development, maintenance of human resources. The HRM professionals are responsible to help achieve individual, organisational and social objectives.
Brief description of PGDM (HRM) Human Resource Management
The PGDM (HRM) is a 2-years postgraduate course that is divided into 4-semesters. The course will provide students with skills and knowledge required to manage human capital in an organisation. The course has various topics such as human resource information systems, performance management, human resource planning, training and development and compensation administration.
The course covers major topics of human resource management such as strategic management, managerial economics, employee legislation, performance management, human resource development.
The students who have completed their degree in any stream with 50% aggregate from recognised university are eligible to apply for PGDM course.
The students can take admission to PGDM (HRM) by two modes. The first one is merit-based admission and second one is direct admission.
Merit Based Admission
The students interested in merit-based admission for PGDM (HRM) course are required to appear for entrance exams conducted at national and international levels. The students have to appear and qualify these entrance exams in order to get merit admission to PGDM course.
Name of Exam
Indian Institutes of Management
Symbiosis Institute of Management
Karnataka Examinations Authority (KEA)
Association of Indian Management Schools
Graduate Management Admission Council
All India Management Association
Xavier School of Management
The students have another option of getting admission to PGDM (HRM) course by direct admission process. Under this mode of admission, the students are given direct admission to their desired colleges and deemed or private universities under management quota. The direct admission students enjoy many special privileges like that they are not required to apply for any entrance exam for getting admissions. They have an option to choose their desired colleges and universities and book their seats in advance even before the starting of the academic year. The students who are interested in direct admissions are required to contact Galaxy Educational Services for more details.
The students of PGDM (HRM) will be studying the following subjects during their course duration
Subjects of Study
Management Concepts and Organisational Behaviour
Human Resource Development
Employment Relations Laws
Fundamentals of Labour Laws
Wage Determination and Administration
Business Environment Law
Operations Research and Management
Fundamentals of Industrial Relations
Career & Scope
The demand for PGDM (HRM) students is huge, the last decade saw ample number of job opportunities for the PGDM (HRM) students. They can find good job opportunities in public, private and corporate organisations.
Salary & Emoluments
The fresh PGDM (HRM) students will be earning around 4 lakhs to 6 lakhs per annum. The experienced professionals will be earning around 6 lakhs to 10 lakhs per annum.
Top Organisations hiring PGDM (HRM) students
Some of the top organisations hiring PGDM (HRM) students are:
Ernst & Young
JP Morgan Chase
Some of the job roles available are:
HR Consultant: The human resources consultant, an offshoot of the management consultant who charges companies a high hourly rate to impart much-needed services. Human resources consultants may specialize in a variety of fields, including benefits, employee incentives and rewards programs, company culture after mergers and acquisitions, employee motivation, retirement plans, recruiting and even the outsourcing of any of the many functions of an HR department. This high-level individual assesses a company’s current situation and offers and helps deploy systemic recommendations that will get the company to its desired goal. The HR consultant, meanwhile, gets to choose whom he or she works with, when that work is completed and what to charge. It is the HR path where freedom meets money.
International Human Resource Professional: The job of the international human resources professional may involve recruiting candidates into global positions, training and development standards across an international organization, implementing benefits plans as national laws allow, labour relations, employee programs and many more. This HR track involves the same kinds of tasks that a national human resources professional might engage in, but with a great variety of cultures, languages and locations thrown into the mix. International HR is an ideal field for people who love to travel, speak multiple languages and are adept at engaging successfully with a wide variety of different people who adhere to different customs.
Human Resource Executive: The Chief HR executive is required to devise the HR strategies for the company, including policies, systems and goals. Every aspect of a human resources department, beginning with recruiting and moving through contract signings, training and development, benefits, and more run through the chief HR executive in an organisation.
Training & Development Manager: Training and development managers help employees improve their skill sets and careers. They do this by training employees in specially-held classes, workshops, conferences and other kinds of gatherings. Training and development managers are also sometimes in charge of designing the most effective coursework for employees, given the content that their employer wants to emphasize, while keeping training sessions entertaining and informative. If you like standing up in front of people and helping them learn and improve their lives, this career path is a very fulfilling one.
Employee Education Consultant: The employee education consultants do similar tasks as training and development managers—that is, they hold workshops, classes and conferences aimed at increasing employees’ skill sets and knowledge—but without the full-time commitment. Sometimes the companies hire them on a contract or retainer basis to help improve their employees’ skills. The consultants work in an accommodating environment and employees are interested in what they have to say. In addition, training and education consultants can set their own hours and choose their clients.
Executive Recruiter: Executive recruiters are tasked with finding and filling job openings for senior executives, that includes CEOs, as well as higher positions. Executive recruiters generally get paid on retainers or paid in full after they have filled a position and because companies are so interested in finding good senior talent, these fees can be quite high. This is where the making friends part also comes in. Executive recruiters want to build such solid relationships with companies that when an opening occurs, those companies call them first, at which point they launch their executive search, contacting other contacts in other companies—potential executives to fill that position—and trying to see if they’re interested. Because this field is so lucrative, it’s very competitive, so having a so-called Type A personality also helps.
The PGDM (HRM) professionals are required in all the organisations either small or large. They are responsible to take care of employees of the organisation and ensure that they can have a peaceful working atmosphere. They are highly paid professionals and can expect excellent career growth in the field. The students interested in human resources can join this course.
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