In the words of Leon C. Megginson, the term ‘Human Resources’ can be thought of as “The total knowledge, skills, creative abilities, talents and aptitudes of an organization’s workforce, as well as the value, attitudes and beliefs of the individuals involved.” Human Resources Management means employing people, exploring their potential, maintaining and compensating their services in tune with the job and organizational requirements with a view to contributing to the goals of the organization.
Human Resources Development, on the other hand, is the process of improving, moulding and changing the skills, knowledge, creative ability, aptitude, attitude, values, commitment etc. This ongoing process includes several other ongoing processes namely, Training & Development, Performance Appraisal, Management Development, Career Planning & Development, Internal Mobility etc. Human Resources play a vital role in the development of the economy.
Human Resources is among the most preferred career choices for many budding management professionals.
Human Resources MBA offers world-class training in HR issues and administrative concepts, coupled with the most fundamental knowledge of management. Students who specialize in Human Resources master decision-making skills, ethical leadership and organizational behavior; with practical exposure to how social, economical and political issues affect the workforce of an organization.
MBA in HR (Human Resources) focuses on the essential aspects of HR like: Recruitment and Selection, Training and Development, Job Analysis, Job Design, Job Description, Performance Appraisal, Employee motivation, HR Audit, Compensation Management, Employee Benefits, Employee Welfare, Employee retention, Grievance Handling, Employee relations and Industrial relations.
Training and Development (T & D): Every organization needs to recruit a HR personal to groom its working executives and train them in specific areas of its business activity. Through employee training, the aptitudes, skills, and abilities of employees to perform specific jobs are increased.
Performance Appraisal: Performance Appraisal/Evaluation is a method used for evaluating the performance-based potential of employees at a workplace. Conducted with the application of quantitative and qualitative techniques, it describes systematically an employee’s job-related strengths and weaknesses.
Compensation Management: Compensation is the process of providing adequate, equitable and fair remuneration to the employees in keeping with what they deserve for their performance. The portfolio of Compensation Management includes job evaluation, wage and salary administration, incentive calculation, bonus distribution etc.
Employee and Industrial Relations: the study involves motivating the employees, boosting their morale, handling disciplinary cases, counseling them to solve their personal and work problems, relieving their stress, focusing on employees’ relations with the organization and the government. Collective bargaining, industrial conflict, participative management and quality circles are the matters that this study also incorporates.