If you love working with people and want to help others advance in their careers and achieve personal growth and success, then you should acquire a degree in human resource management. In any organization, the factor that ensures success is its employees, which is why a productive human resource is essential for obtaining a competitive edge. And this is where an HRM professional steps in. When you work as an HR manager, you fulfill several responsibilities that positively affect the performance of the employees.
An HRM professional ensures that the work environment is safe for the employees, no one is facing any problems, the relationship and communication between employer and employees is strong, etc. From hiring to training to payroll, an HRM professional looks after everything related to employees to make sure that everything gets done correctly.
Working in an HR capacity comes with a lot of benefits. Read through these top four reasons why you should study human resource management.
- Valuable and Transferable Skills and Knowledge:
The knowledge you gain by studying different courses in HRM and the skills you develop as a result apply to every type of job everywhere in the world. For example, if you have earned an MBA in HRM, you will learn how to work in different market situations, and you will learn about tools that help eliminate the communication gap between employers and employees effectively. You will learn best practices regarding employee engagement, employment law, recruitment, compensation and benefits packages, etc. Learning these things means developing and sharpening skills such as problem-solving, project management, communication, etc. These things will be useful in any kind of job you pursue.
Nowadays, you can even obtain an HRM degree online. For example, many reputable institutions offer online MBA HR programs, like the University of Illinois Chicago. The online MBA HR program has a solid curriculum that enables you to obtain a deeper knowledge of business practices in marketing, organizational behavior, etc., thus enabling you with skills and knowledge that are appreciable in every field.
- Multiple HR Positions with High Earning Potential:
When selecting a degree, you must also consider the return on investment you will get; this is where an HRM degree proves to be one of the best options. HR is an essential department in every business or organization, and there are many roles within the HR department that you can choose from. You can serve in different positions like HR specialist, training and development manager, benefits coordinator, payroll manager, etc. Your salary depends on the position you go for.
Different positions offer different salaries, but all of them are much higher than you would expect. The BLS reports a higher salary outlook for different HR operations. As of May 2021, the yearly median wage of HR managers was $126,230. Training and development managers earned a median annual pay of $120,130 in 2021. Compensation and benefits managers earned massive annual median pay of $127,530. Payscale also reports high earning potential for HR jobs. According to the latest reports by Payscale, the average salary is $71,612 for human resource managers.
- Job Satisfaction:
Even though you should always consider the expected pay for the degree you are studying, keep in mind that pay is not everything. At the end of the day, you must feel satisfied that the work you did was positive and influential. When you are satisfied with your work, you are always motivated to do more and even better than what you did previously. That is why the aspect of job satisfaction is very important. By working in a human resource capacity, you can positively affect people’s lives. You help people become a better version of themselves. You bring out the best in the employees. You get to change and improve the culture of the organization you are working in, which results in higher employee retention. That is why surveys and studies find that human resource professionals are happy and satisfied in their positions.
A study by Payscale shows that HR managers are highly satisfied with their jobs, as they earned a score of 4.1 out of 5. In 2020, Indeed listed human resource managers as number 10 on their list of “20 of the Most Rewarding Careers”. Glassdoor ranked the HR manager job at number 13 on its list of “50 Best Jobs in America in 2022”. US News and World Report published a list of “2021 Best Business Jobs,” which included several HR-related positions. What makes this field so satisfactory is that you get to see the positive results of your decisions in real time. You create a positive work environment, boost staff morale, improve salary and benefits, etc. All this improves staff retention and productivity, generating positive results from your efforts.
- You Can Work In Diverse Fields:
The most convincing reason for studying human resource management is that you will be able to work in any industry you want to with this education. Of course, in every company of each industry, the most valuable asset is the human capital, i.e., the employees or workers. And thus, there is a need for a human resource professional in every field. As an HR expert, you can work in the private sector or as a government employee. You can work in retail, healthcare, manufacturing, etc. Every workplace requires an HR professional who can skillfully tackle all duties related to employees.
Moreover, as the world is witnessing a rise in remote work, you can find work anywhere in the world. You can work for foreign companies in any HR position. HR managers have a strategic role in every organization, which is why the demand for HR professionals is on the rise. According to the Bureau of Labor Statistics, employment opportunities will grow by 7% for HR managers from 2021 to 2031, thus showing a positive job outlook.
Conclusion:
If you want to have a career in a high-paying field where you help people succeed, put your knowledge and skills to use every day in the best way, and also want to have a sense of satisfaction, then you must study human resource management. Studying human resource management allows you to achieve all these goals. A human resource management degree will help you work in different industries in any HR-related positions you desire. As an HR expert, you will formulate policies and strategies to increase workers’ productivity, making an organization more successful. Jobs in HR are also among the higher-paying jobs in the US. Read this article to find out four reasons why studying human resource management will prove to be the best option for you.
