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Hi Tanushree,
The primary apprehension of the bank should be to bring in proper integration of human resource management strategies with the business strategies. It should faster cohesive team work and create commitment to improve the efficiency of its human capital. More than operational skills today are banking call for these 'soft skills' to attend the needs and requirement of the customers at the counter.
MBA graduates in Human Resource Management can find wide range of opportunities in public and private sector.
Challenges faced in HR management in any organization and which is all the more relevant for public sector banks today:
(a) Planning
(b) Acquiring the right people
(c) Retaining/ Developing the people
(d) Managing people separation / exit
HRD Practices in Banks:
Staff Meetings
Brain Storming Sessions
Study Circle
Quality Circles
Career in Government Sector after MBA in HRM:
Those who are looking for a career in the Government Sector after MBA in Human Resource Management can join many public sector undertakings as management trainees. List of such public sector organizations are mentioned below.
-Steel Authority of India Limited (SAIL)
-National Thermal Power Corporation (NTPC)
-Bharat Heavy Electricals Limited (BHEL)
-Food Corporation of India (FCI)
MBA graduates in Human Resource Management can also work in the administration department of Bharat Sanchar Nigam Limited (BSNL). There are also many opportunities available for these graduates in HLL Lifecare Limited, Centre for Development of Advance Computing (CDAC) and Delhi Metro Rail Corporation. They can join any public sector banks after qualifying the IBPS exam.
Career in Private sector after MBA in HRM
Candidates having MBA in Human Resource Management can find lucrative opportunities in private companies. They can work as HR Manager in these companies and manage the employees belonging to that company. Another job profile available for them is the Talent Acquisition Manager who recruits eligible candidates to the concerned company.
Private Banks also recruit MBA graduates in Human Resource Department to the post of Assistant Manager and Manager in HR department. Some of the reputed banks which recruit these graduates into their various branches are.
-ICICI Bank
-HDFC Bank
-Axis Bank
-Syndicate Bank
-Union Bank of India
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