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Job Market Analysis

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Business Communications 210
Diane Wolf
April 18, 2011
Job-Market Analysis
Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human Resource Management can also be performed by line managers or supervisors (Heathfield).   HR managers were once thought upon just hiring and firing people.   Now the HR managers are doing more on how to make employees happy and keep them working at a steady pace.   Human Resource Managers are moving away from personalized roles in companies, and moving more towards adding value and strategically planning how employees can be utilized to get the highest output in a company.
Most companies require a Bachelor’s degree in Business with a minor in management in order to be hired as a HR manager.   Some companies you can get away with doing little to no schooling, but that is a rare feat in today’s society.   To be on the safe side, I would be looking to get a Bachelor’s degree in Business.  
As for how the job market is looking for someone who wants to be a Human Resource Manager, things are looking pretty good. Job prospects for various Human Resources positions vary by position but they range from growing as fast as the average of other occupations to growing faster than average, according to the Bureau of Labor Statistics in the Occupational Outlook Handbook.   Jobs are expected to grow about 11% from 2006 – 2016.   According to the Bureau of Labor Statistics in the Occupational Outlook Handbook, employment is "expected to grow faster than the average for all occupations. College graduates who have earned certification should have the best job opportunities. Overall employment is projected to grow by 17 percent between 2006 and 2016" (Heathfield).
With compensation and benefits, HR managers made a median income of $74,750 in May, 2006 with a range from $55,370 to $99,690. The lowest paid 10% were...

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