<p>Many people have a serious lack of understanding of HR. It is as important a support function as Finance/Accounting and IT. </p>
<p>HR is not merely about hiring and firing people…and it is certainly NOT to be pursued because one “likes people”. Hiring only part of one of the subfields of HR; Recruitment/Staffing. But even that subfield has far more strategic elements, such as annual manpower plans and project headcount growth based projected corporate strategy and growth estimates. Firing is not really something HR does, unless it is for disciplinary reasons. Typically, it is the line manager who decides whether an employee gets fired or not.</p>
<p>HR has several other subfields which are far more strategic than hiring.</p>
<p>1) Labor Relations/Collective Bargaining. This field deals with labor contracts and union negotiations.</p>
<p>2) Compensation and Benefits. This field deals with several elements, including market surveys to ensure that the company is paying its employees competitive salaries as well as establishing short and long term incentive plans (such as stock optionsand bonuses) etc…</p>
<p>3) Performance Management/Organization Development. This deals with measuring individual employee performance by facilitating annual revisions. At the more strategic level, this field deals with identifying high potential employees, ensuring that they are well taken care of and, keeping those employees abilities and career plans in mind, as well as the organization’s needs, lay out a succession plan that ensures smooth upward mobility.</p>
<p>4) Learning and Development. This field deals with the development of the workforce based on employee needs and corporate requirements.</p>
<p>5) HR Management. This field is the more “transactional” part of HR and deals with day-to-day HR management issues, such as ensuring data integrity, employee statisfaction, etc…</p>
<p>In recent surveys conducted on Fortunate 500 CEOs, 50% of the top 10 business issues that keep them up at night are HR-related.</p>
<p>Give all of the above, it is no wonder that senior HR executives typically report directly to the CEO or COO and are among the best paid employees in the organization.</p>
<p>In short, I would not worry if one’s child, significant other (affianced or otherwise!) were to seek a career in HR.</p>