Is human resources management still worth it? 4 things to consider

human resources management

Human resources management, also known as HRM, is an organization’s most vital department. HR professionals contribute significantly to a company’s success through their valuable skillsets. As HR professionals work to establish a strong workforce for an organization, they are in massive demand across a spectrum of industries.

According to the U.S. Bureau of Labor Statistics (BLS), the overall employment of human resources professionals is expected to increase by 10 percent by 2030. The BLS report further reveals that over the decade, 73,400 job openings for HR professionals are projected yearly. This figure suggests that human resources management is the job of the future.

As the demand for HR professionals is high and will continue to be on the rise, a human resources management degree is a worthwhile investment. This blog will delve into the four things to consider studying human resources management in 2022.

  • Organizations adopt dynamic remote policies

The outbreak of the coronavirus disease in 2019 forced many businesses to shut their doors. Organizations had a significant challenge in front of them to transition in-office employees to remote working. Managing a workforce remotely since then has become a new normal for HR professionals. Employees are enjoying flexible schedules and work from the home option. Simultaneously, work from home has proved to be a significant achievement for many businesses across the globe. As employees have more flexible job options now, HR professionals have to work hard to hunt for the best talent in the market, which can contribute to a company’s success.

  • Organizations redesign their HR technologies

The advent of technology during the coronavirus pandemic proved to be a major boon for businesses worldwide. Earlier, HR technologies were all about integrating HR processes like payroll, leave management, and time tracking. The COVID-19 pandemic forced HR professionals to push their boundaries by providing employees access to a virtual desktop, online recruiting, and virtual onboarding. During the pandemic, HR applications also made their way to mobile and cloud computing. As organizations merge various services into a single solution, the role of HR will always be in demand to get everything in place.

  • Great resignation leads to great hiring

The coronavirus pandemic changed how people work entirely in the past two years. Remote or hybrid work, lack of personal engagement with colleagues, and overtime led to great resignation during the pandemic. The world witnessed great resignation and hiring simultaneously in the last two years. Here, the role of HR professionals comes into play. These professionals worked their fingers to the bone to hunt for skilled and talented employees for the organization due to the shortage in the global labor market.

  • A significant shift in the well-being of employees 

The coronavirus pandemic has taken a toll on the mind and the body of people, and working professionals are no exception. As behavioral changes lead to less productivity, employers are more aware of the importance of employee well-being. HR professionals organize employee well-being and assistance programs to create a healthy work environment.

Moreover, industry experts suggest that 2022-2023 will be a year in which businesses will require HR managers in massive demand to attract and retain talent to add value to the company’s growth. So, opting for a human resource management degree is a worthwhile investment.