The human resource department is an essential component in an organisation. It aims to soften relations between employees and employers, streamline processes and make the workplace a positive environment while increasing business profits.
Even in the day and age of Artificial Intelligence (AI), if there is a human workforce, there will be a need for competent human resource professionals.
What’s more? The need for human resource professionals is rising in leading countries.
According to the Bureau of Labor Statistics, the need for HR professionals is predicted to increase by 7% by 2028.
A good education in the latest HR practices within the industry from a reputable school can help transform you into a problem solver, allowing you to use your skills to solve problems for employees and employers alike.
If you want to know how to enter the human resource management (HRM) industry and what the best HR course is to become a sought-after HR professional in the age of AI, read on!
What is human resource management?
HRM deals with managing people in a company to achieve goals.
A typical human resource strategy includes hiring, training and initiatives to keep employees happy and productive.
An important point to note: Successful HRM also helps decrease attrition rates in big corporations. The attrition rate reflects the rate at which an organisation loses its employees over a period of time.
An example of a company with high attrition rates is one that hires 10 employees a year while losing 20 existing employees within the same period.
Is a career in human resource management the right choice for you?
To answer this question, you must consider the following:
- What are your natural skills?
- Are you comfortable handling people and expressing yourself daily?
- Are you a people person or someone with a talent for managing people?
- Are you skilled in influencing people and bringing them together to achieve a goal?
- Do you see yourself working closely with people and organisations in the future?
- Are you passionate about legal matters and interested in corporate law?
If your answer was yes to more than three or four of the questions above, then a career in human resource management is a great fit for you.
What are the future developments in human resource management?
HRM has become more digitally powered than ever before, with companies actively implementing digital solutions to solve business issues and address employee grievances.
A great example of technology in the human resource management sector is the popularity of Online HR Onboarding and Employee Management Applications.
Human resource management is currently undergoing huge changes in the following areas:
- Predictive analytics for human resource management: Predictive analytics helps companies foresee an event or even help them estimate their expenses and incomes. Within the HR management community, predictive analytics can also be used to understand employee behaviour and overall profits and losses incurred on behalf of recruiting an employee.
- Hybrid work model: Ever since COVID-19, there have been great shifts in the work models of existing corporations and businesses as most of the workforce prefers to work remotely. HR policies are now being re-adjusted to accommodate these developments while ensuring maximum employee productivity.
What are the top AI trends in human resource management?
Ever since the release of AI chatbots, Machine Learning, Generative AI and a host of other technologically advanced tools, there have been significant developments in AI even within the HRM industry.
- AI-powered resume screening
- AI-powered employee payroll
- Safety and wellbeing initiatives through data monitoring with the help of AI
- AI-assisted business performance management
- Onboarding platforms that help incorporate new employees into the organisation smoothly.
How to enter the human resource management industry
You can enter the HRM industry either through:
- A professional course in HRM
- A diploma in HRM
- MBA with a specialisation in HRM.
If you wish to enter the workforce faster, it is highly recommended that you choose short courses or professional diplomas in HRM.
What is the earning potential of HR Executives?
The earning potential of graduates in HRM can vary from person to person depending on their skill set, seniority levels and performance.
However, according to Glassdoor.com, the national average salary of a HR Executive in Ireland is €40,000. Glassdoor.com notes that regular HR Executive salaries can range between €34,000 and €46,000.
In Conclusion, HRM jobs in Ireland are known for their incredible perks surrounding work-life balance, good salaries and incentives. Apart from the benefits of HRM careers, this field of work can also make you an able and seasoned leader within the corporate world.
You can become an asset to any top organisation in the future as the need for HR professionals who are skilled in the latest technology and tools is a growing necessity.
An excellent way to obtain a credible entry path into HRM is through a professional Diploma in Human Resource Management from a reputable school or university.
If you would like to join such a course, consider IBAT College Dublin’s Diploma in Human Resource Management today! IBAT College Dublin has received multiple business awards and has many courses on the National Framework of Qualifications (NFQ).
Click here to learn more!