Business Careers Handbook

Page 24

22

SPECIALISATIONS

The Business Careers Handbook 2020

Human resources HR seeks to unlock the full potential of an organisation’s people and translate this into financial performance and market value.

What is human resources? Human resources (HR) is all about people. After all, without people, most organisations wouldn’t survive, let alone thrive. HR seeks to unlock the full potential of an organisation’s people and translate this into financial performance and market value. What this really means is creating a workplace where people are engaged, passionate and valued. HR’s responsibilities are twofold: they must look after the needs of an organisation, and they must look after its people. HR provides employees with career advice and guidance, and at times, may be required to help resolve a dispute or conflict. At the same time, HR helps an organisation cultivate a desirable workplace culture by making sure the right people are in the right job, and advising on specific workplace issues such as enterprise agreements or remuneration. HR can also extend to broader issues such as workplace health and safety. During restructures, HR is involved by helping people understand what is happening and the potential impact. What is the graduate experience like in human resources? Most larger corporations, such as the ‘Big Four’ banks, offer structured graduate programs where you experience a mix of rotations within the HR function. It’s important to note there is no standardised organisational ‘breakdown’ of HR. Some www.gradaustralia.com.au

organisations allocate a HR team to a business unit to meet specific needs, whereas others organise HR by type of responsibility, such as learning and development, or recruitment. Regardless, you will find that most HR work is hands-on, requiring you to interact with others on a regular basis. During rotations, you will experience a diverse range of HR projects. For example, you may help at a higher level by designing and executing an overall HR strategy. This may include surveying employees for workplace satisfaction and applying feedback, or designing an onboarding program for new employees. As a graduate, you may help to organise and eventually facilitate workshops to upskill employees and/or management about – for example – anti-bullying measures. You may also be involved in screening candidates as part of the recruitment process, hosting assessment centres or developing websites and social media strategies. What are your career prospects in human resources? Once you complete your graduate rotation, you can choose to specialise within a specific area. As indicated previously, the way HR is structured differs according to the organisation, so specialisation might include anything from recruitment to HR analytics, to health, safety and wellbeing. If the organisation is large, you may find specialisations are more niche. For example, you may be part of the learning and development team, which means your focus is primarily

on designing and delivering relevant training materials. In smaller organisations, particularly in startups, HR professionals can wear many hats and perform a variety of tasks. The decision to specialise is a personal preference and you may find you enjoy some HR aspects more than others. To make your decision, you should consider what type and size of organisation you would like to work for long term. An alternative to in-house is to become a HR consultant, for example, by joining a recruitment agency or specialist consultancy. Recruitment agencies typically prefer experienced professionals, so it is best to get a couple years’ experience first. Most of the ‘Big Four’ accounting firms offer ‘people and culture’ services and recruit from a graduate level, so this may be worth exploring if you are interested in professional services. Choose this if you have: ■ A love of people and building relationships ■ Excellent communication and negotiation skills ■ Ability to identify creative solutions and drive change.

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Community sector

46

Freelance and startups

50

Government sector

52

In-house and corporate

64

Professional services

86


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Maintaining mental health

2min
pages 130-132

Establishing strong professional relationships

5min
pages 126-127

Handling performance reviews

3min
page 125

Learning how to resign

1min
page 129

Managing your time

3min
page 128

Managing social media

3min
pages 121-123

What to expect at an assessment centre

2min
page 119

Understanding probation

3min
page 124

Getting an offer

2min
page 120

How to ace an interview

3min
page 118

Writing a CV and cover letter

7min
pages 114-115

Sample cover letter

4min
pages 116-117

Researching and choosing the right organisation

6min
pages 112-113

The ultimate career readiness checklist

6min
pages 110-111

Professional services

47min
pages 88-109

In-house and corporate

51min
pages 66-87

Government sector

30min
pages 54-65

Freelance and start-ups

6min
pages 52-53

Community sector

8min
pages 48-51

Academia

5min
pages 46-47

Restructuring and insolvency

3min
page 42

Tax advisory

3min
pages 44-45

Management consulting – operations, process and technology

3min
page 40

Insurance

3min
page 39

Risk management

3min
page 43

Management consulting – strategy

3min
page 41

Forensic accounting

3min
page 38

Economics

3min
page 37

Assurance and audit

3min
page 36

Financial planning

3min
page 34

Funds management

3min
page 30

Hedge funds

3min
page 31

Venture capital

3min
page 33

Operations and supply chain

3min
page 27

Private equity

3min
page 32

Sales and customer service

3min
page 28

Marketing

3min
page 26

Innovation and digital

3min
page 25

Human resources

3min
page 24

Communications and public relations

3min
page 23

Accounting

3min
page 22

M&A and capital markets

3min
page 17

Trading

3min
pages 19-20

Corporate and institutional banking

3min
page 16

Corporate and asset finance

3min
page 15

Business banking

3min
page 14

Introduction

1min
pages 4-5

Retail banking

3min
page 18
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