What Jobs Are in Human Capital Management

Human capital management or HCM is a rapidly growing and exciting field. Many people are looking for a human capital management job, as they’re highly sought after and often well paid. You might know that human capital management is closely related to human resources. But what exactly do human capital management jobs entail—what gives them a broader scope than general HR—and what are the specific job titles that you could seek out? Let’s explore.

What Skills Are Needed for a Human Capital Management Job?

Most people with a human resource management degree are qualified for a human capital management job. Especially if one has an MBA in human resources, they’ll find that they have plenty of beneficial skills for this career field.

MBA programs that will outfit people for human capital management jobs focus on many skills, including:

· Ethics
· Employment law
· Human capital management
· Labor market research, analysis, and forecasting
· Organizational development
· Talent management
· Workforce planning

Usually, an MBA program that prepares you for human capital management jobs will take about two years to complete, going full-time and more if going part-time after your bachelor’s degree.

What Types of Human Capital Management Jobs Are Available?

There are so many careers in human capital management, but here we’ll just go over the top 10.

1. Chief HR Officer (CHRO) – This human capital management job is often high-paying. People who are good at human resources and enjoy organization and decision-making would be great chief HR officers. When you’re on the human capital management job track, this is the highest position you can expect to attain. You’ll need to show strength in developing strategies, policies, and goals for your particular company, as well as proficiency in leading and supervising a team with senior manager.

Tasks for this role include:

· Communicating HR visions and efforts
· Serving as a business advisor to company executives
· Implementing employee retention strategies
· Developing compensation and benefit plans
· Offering development, education, and training

· Help build better employee relations

2. Compensation and Benefits Manager – This is a satisfying career because you help to ensure fair wages and benefits for everyone working at your company. If you find numbers interesting, then you’ll probably enjoy a position as the compensation and benefits manager. Here, you’re responsible for creating and maintaining a fair and legal compensation structure for every position in the company. Compensation and benefits managers have strong leadership and communication skills.

As the compensation and benefits manager, you will:

· Ensure that pay and benefits information is readily available and accessible to all employees
· Research and monitor how similar companies compensate their teams
· Choose insurance providers, investment managers, and other benefit partners that offer programs to your workers
· Oversee the pay and benefits distribution to the employee team

3. Employment Manager – Employment managers help people find jobs! That’s quite important, particularly in the field of human capital management jobs. An employment manager often performs the same tasks as an HR manager or director or they might have a specialized role in staffing (depending on the size of the company).

Duties can include:

· Overseeing employee compensation and benefits
· Job posting, recruiting, hiring, and training new employees for leadership development
· Offering training and professional development
· Tracking employee morale and retention rates

4. Executive Recruiter – In this role, someone with HR experience helps other people find their perfect human capital management job. People who make successful executive recruiters enjoy nurturing relationships with others and finding just the right person to fill specific job openings. Usually, recruiters are paid when they fill a position.

Executive recruiters perform the following duties:

· Seek out and select candidates for executives, officers, and directors
· Build relationships with companies so that they know what types of people will best fit particular cultures
· Collaborate with upper-level HR executives who might be looking for new or better opportunities

5. HR Analytics Specialist – If numbers and data are your cup of tea, then you’ll enjoy working as an HR analytics specialist. Any company executive must understand exactly what it costs to hire, train, and onboard employees, as well as what it costs to promote from within versus hiring from the outside. An HR analytics specialist researches and provides data to be used by the larger HR department when hiring employees and setting retention goals. Successful analytics specialists have excellent critical thinking skills, are business savvy, and communicate well with various personality types.

Particular duties include:

· Developing a talent acquisition strategy to recruit the best employees
· Researching the costs that go into hiring each worker
· Analyzing the cost vs. the revenue per employee
· Overseeing expenses and efficiency
· Keeping track of voluntary vs. involuntary turnover
· Collecting data about workplace culture and morale for future initiatives
· Offering suggestions and plans to improve workplace morale and retention

6. HR Consultant – Human resources consultants are highly compensated and highly sought after, meaning that they can often make their own flexible schedules. Human resources requirements are often different from field to field and company to company. A consultant delivers guidance and an outside perspective when situations aren’t clear. HR consultants charge an hourly rate and often have particular specialties, such as sexual harassment, employee retention, incentives and motivation, workplace culture, or labor laws.

Human capital consultants offer the following services:

· Project-based or hourly work for a particular company issue
· Specializations that general HR managers don’t have extensive experience in
· Performing functions or tasks that the HR manager needs to outsource
· Assessing the current culture or situation and providing solutions or plans of action
· Helping to set and achieve company goals

7. HR Director or Manager – This role provides a great amount of internal satisfaction as you work with every other employee in the company. The manager or director works directly with all office personnel, helping guide people through the hiring process, training them, handling disputes, and tending to administrative tasks. The HR manager can have a significant impact on a positive workplace culture.

An HR director or manager is responsible for:

· Hiring and onboarding new employees
· Managing conflict in the work environment
· Serving as a consultant in gray-area situations
· Educating employees on equal opportunities, labor laws, and sexual harassment for their and company’s wellness
· Handling disputes for the above issues

8. International HR Manager – If you love to travel, this is a great human capital management job to reach for! Someone well-fitted for this job is fluent in several languages and enjoys interacting with people from various cultures along with years of experience.

Tasks for an international HR manager are similar to that of a general HR manager, and also include:

· Traveling the world for training, recruiting, and professional development
· Recruiting team members from other countries and creating strategic planning for recruitment
· Implementing company programs at other offices around the globe and set supervisory
· Altering compensation and benefit plans according to various country laws and regulations
· Offering guidance to international organizations about labor laws and rights

9. Labor Relations Manager – If you have a deep sense of justice and believe in the rights of employees across the board, then this career might bring you a deep sense of fulfillment and satisfaction. Labor relations managers are good at negotiating and standing up for the rights of all workers. They serve as a mediator between employees and their upper chain of command, often on behalf of a labor union. They also help to handle labor union disputes and offer solutions regarding compensation, benefits, pensions, company culture, and management practices. Labor relations managers are detail-oriented, good listeners, excellent communicators, and efficient readers and writers.

Common tasks include:

· Drafting proposals to be used in collective bargaining agreements
· Spearheading meetings with management and labor unions
· Offering guidance and training regarding labor relations, grievances, and disciplinary action
· Overseeing compliance

10. Training and Development Manager – If people have often told you that you’d be a successful teacher, then you can utilize those skills as a training and development manager. In this role, you will educate and train employees so they can develop their particular skills. You’ll offer seminars, professional development, and gatherings that promote growth and learning.

Particular tasks can include:

· Assessing what types of training your group needs
· Reviewing and selecting appropriate training material
· Leading and supervising other trainers according to business administration
· Altering training programs to keep them up-to-date and within company standards

Landing a Career in Human Capital Management

Human capital management is an umbrella term for a host of different jobs related to human resources. There are many different ways you could use your skills, education, and passion to help people succeed and help businesses thrive. Best of all, as long as there are people who work for companies (which there always will be), then human capital management jobs will be in high demand!

If you’re searching for human capital management jobs after your bachelor or master’s degree, now you know what titles you should search for and what skills will be most beneficial to detail on your resumé according to the job description. For any human capital management job, you’ll need strong leadership and interpersonal skills, as well as a well-developed sense of personal drive and ethics. You’ll often need to show proficiency as a human resources specialist in reading hefty documents and writing your own, as well as delivering training and education for your team. Human capital management jobs require specific skills and education, but they are especially rewarding in more ways than one.