What Is An HR? Education, Responsibilities, Salary And More…

November 11, 20222 Minutes Read
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HR stands for Human Resources. In a company, there is usually an HR or an HR department. They are responsible for managing the employee life cycle. This cycle includes recruiting, hiring, onboarding, training, and firing employees. HRs are also responsible for administering employee benefits.

The average starting Salary for an HR Manager in India is around ₹7.0 Lakhs per year. However, you need to intern and gain a couple of years of experience as a trainee and an associate before you can become a manager.

To become an HR, You need to score at least 60% or more in graduation or any equivalent course to become an HR manager. You can also undertake certificate courses in human resource management to get in-depth knowledge about the industry and its operation.

Here are some of the tasks that the HR department is responsible for:

  1. Approaching candidates:

    An HR needs to understand the organisation's needs. They must ensure those needs are met when recruiting for new positions. In order to recruit suitable candidates, they need to analyse the market, consult stakeholders, and hire within the budget. Once candidates apply for the post, further research to check the suitability of the candidate needs to be done. This is usually a costly and massive process because the right candidate can uplift an entire organisation, but the wrong candidate can ruin operations. So they have to be very careful

  2. Hiring employees:

    An HR is responsible for arranging interviews, coordinating hiring efforts, and onboarding new employees. They're also in charge of all the paperwork involved with hiring someone. They have to help the employee navigate every day in the company successfully.

  3. Maintaining employee records:

    It is the law to maintain employee records. This task falls to the HR department. These records help employers comply with regulations, analyse demographic data, and identify skill sets. The records also contain each employee's personal details and emergency contacts.

  4. Updating policies:

    Every year HRs have to update or review company policies. They suggest and make policy updates based on the need. This includes when policies become outdated or no longer serve the company or the employees. Sometimes, an incident will result in a policy update.

  5. Managing disciplinary actions:

    HRs are also responsible for solving issues. This could be through disciplinary actions like salary withdrawal or firing an employee. Disciplinary actions are to be taken after great consideration of all factors involved. It must be handled carefully as it could affect the employee's future.

  6. Conducting benefit analysis:

    HRs need to offer benefits in order to recruit good talent. They need to work with the candidate to ensure they and the company get the best deal. Routine investigation of other companies can help HR come up with market salaries and benefits.

  7. Processing payroll

    Payroll is probably the most demanding job HRs have. On every payday, taxes must be calculated, and hours must be collected. There are additional factors like reimbursements, raises and bonuses. If you wish to consider a career in HR, opt for freeCareer Guidance. This is available at Glow & Lovely Careers (Formerly known as Fair & Lovely Career Foundation). It will help you understand the field better. It can also help you learn whether you would be a good fit for the job.

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February 16, 20242 Minutes Read

Wealth Management and Advisory: Career Opportunities for Young Women

An exciting and lucrative avenue in finance is emerging for young women -- wealth management and advisory. As the financial landscape evolves, so do the opportunities for women to carve a niche in this traditionally male-dominated sector. Let's explore the promising career opportunities for women in wealth management.

Wealth management is not just about handling money; it involves strategic planning, investment advice, and creating financial roadmaps for clients. This dynamic sector offers many jobs for women with a keen interest in finance and a desire to empower others financially.

The rise of women in finance is challenging stereotypes and reshaping the narrative of the financial industry. Women's inclusivity in wealth management brings diverse perspectives, innovative thinking, and a more empathetic approach to client relationships. This shift concerns equality and a more holistic and client-focused financial experience.

One noteworthy aspect is the increasing prevalence of online jobs for women in wealth management. The digital age has opened up avenues for remote work, allowing women to balance professional and personal commitments seamlessly. Online platforms offer flexibility and accessibility, making wealth management more accessible as a career opportunity for women.

The role of women empowerment jobs in wealth management extends beyond managing finances; it's about empowering clients to take control of their financial destinies. Women in this field are not just financial advisors but mentors, educators, and advocates for financial literacy contributing to a more informed and economically empowered society.

The financial sector recognises the unique strengths that women bring to wealth management. From communication skills to emotional intelligence, these attributes enhance client relationships and contribute to the overall success of advisory services. The changing dynamics of the industry create an environment where women can thrive and excel in their careers.

As the demand for personalised financial advice grows, so does the need for skilled professionals. This presents a wealth of career opportunities for women willing to invest in their education and build expertise in wealth management. Financial institutions actively encourage women to pursue careers in this field, recognising the value they bring.

An exemplary figure in this context is Neha Sharma, a young professional who found her calling in wealth management. Neha's journey reflects the changing tide for women in finance as she navigated the industry's intricacies to emerge as a successful wealth advisor. Her story inspires young women seeking this dynamic and rewarding career path.

The shift towards creating career opportunities for women in wealth management aligns with broader societal changes. Organisations are realising the importance of gender diversity in their teams, promoting an environment that fosters equal opportunities and values the contributions of women in finance.

The wealth management and advisory world holds tremendous promise for young women in India. The evolving landscape creates exciting career opportunities for women who aspire to make a mark in the financial sector. As women continue to break barriers and thrive in wealth management roles, the future promises a more inclusive and diversified financial industry where expertise knows no gender boundaries.At Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation), we believe in empowering women to be independent. We provide online career guidance, existing jobs and other courses to help them in India's wealth management field.