How to Become a Human Resource Manager – Compliance?
A comprehensive guide to becoming a Human Resource Manager in Compliance, from educational requirements to career opportunities
In this Career Outline
Introduction to Human Resource Manager – Compliance
"A Human Resource Manager – Compliance serves as the backbone of an organization's commitment to maintaining a lawful and ethical workplace." – Emily Roberts
Compliance managers ensure a company's adherence to laws and ethical standards by implementing policies and programs. They identify and address areas needing attention, swiftly resolving issues to maintain the company's integrity. In cases of serious violations, they assess the situation and may recommend disciplinary actions, including dismissals. Compliance managers collaborate with top management to ensure accountability and safeguard the company's reputation.
Steps to Become a Human Resource Manager – Compliance:
Step-1
Familiarize yourself with the responsibilities and challenges faced by HR Managers specializing in Compliance.
Step-2
Start with a relevant undergraduate degree.
Step-3
Work in entry-level HR roles to build practical skills.
Step-4
Consider a postgraduate degree or certification in HR or Compliance.
Step-5
Focus on skills like legal knowledge, risk management, and attention to detail.
Step-6
Join HR and Compliance associations, attend conferences, and connect with professionals in the field.
Step-7
Continuously educate yourself on the latest laws and regulations that impact compliance in HR.
Eligibility Criteria
| Eligibility Criteria | Description |
|---|---|
| Eligibility | Must possess at least 50% aggregate from a recognized institution (PUC/CBSE/ICSE/ISC, etc.) |
| Educational Background | High school diploma or equivalent. |
| Undergraduate Degree | A degree in B.A., B.Com., BBA, or a Diploma is required to qualify as an HR Compliance Manager. |
| Postgraduate Degree | An M.Sc/MBA/MA in Human Resource Management can enhance career prospects and provide advanced learning opportunities. |
| Entrance Exams | Should procure a valid score in entrance exams such as CAT, MAT, CMAT, etc. |
- At least 50% aggregate in 12th grade from any recognized board (PUC, CBSE, ICSE, ISC, etc.). Cut-off margins may vary by college.
- A valid score in Entrance exams after 12th like CAT, MAT, or CMAT is required. Some colleges, such as NMIMS and Symbiosis International University, may have their own exams if the competitive exam scores are unsatisfactory. State-specific exams may also be applicable.
- A B.A/B.Com/BBA degree or a diploma is required to become an HR - Compliance Manager.
- Pursuing an M.Sc/MBA/MA in Human Resource Management can enhance learning and career prospects.
Not eligible to pursue this career?
Find out different career options based on your current academic accomplishments. Enquire with our career experts and build a roadmap to your career success!
Tasks to perform as a HR - Compliance Manager:
Knowledge & Skills Required
HR - Compliance Managers must possess a wide array of skills to succeed in their careers. Here are the key knowledge areas and skills needed to excel in this field:
| Knowledge Required | |
|---|---|
| Understanding of regional and national employment laws. | Knowledge of GDPR, HIPAA, or other data privacy laws relevant to your industry. |
| Identifying, assessing, and mitigating risks in HR practices. | Comprehensive understanding of employee rights, benefits, and workplace ethics. |
| Ability to conduct thorough compliance audits and implement corrective actions. | Understanding the rules, practices, and processes by which a company is directed and managed. |
| Skills Required | |
|---|---|
| Attention to Detail | Analytical Thinking |
| Project Management | Ethical Judgment |
| Communication | Problem-Solving |
Understanding What are soft skills? and why is it important,as they complement technical abilities and enhance overall performance in the field of a HR - Compliance Manager.
The Knowlegde and Skills don't intrigue you?
The reason is that your interests don't align with this career. Identify your interests and match them with careers that require those skills. This alignment will help you grow and succeed in your career faster than you might expect!
Job roles offered for a HR - Compliance Manager:
Once qualified as an HR - Compliance Manager, you can explore various career paths:
Oversees corporate operations, ensuring compliance with rules and efficient management of resources. Responsibilities include auditing invoicing, tracking expenditures, and maintaining professional standards.
Assesses and mitigates financial, operational, and safety risks within an organization. Involves conducting risk assessments and presenting findings to management.
Focuses on recruitment, employee training, and background checks. Responsibilities also include managing pensions and staff retention, and acting as a bridge between employees and management.
Manages the company's financial operations, including budgeting, forecasting, and financial analysis. Supervises budget analysts and collaborates with various departments.
Handles employee relations and resolves HR issues. Works to improve communication between employees and management and negotiates disputes.
Not sure where you fit in?
With the wide variety of careers and job roles available, pinpointing the best option for you can be challenging. Thorough analysis and dedicated sessions can provide clarity on what to study, which industry and role to pursue, and the most suitable career path to follow.
Career opportunities for a HR - Compliance Manager:
HR - Compliance Manager can opt for various fields of work in the companies listed below:
| Amazon | UBS | Cognizant Technology Solutions |
| IBM | JP Morgan | ICICI Bank |
| Axis Bank | HSBC | Paytm |
| Volvo Cars |
Colleges offering courses for a HR - Compliance Manager:
Here is the list of colleges offering the Best courses after 12th:
| Indian Institute of Management, Indore | Vinod Gupta School of Management, Kharagpur |
| Chandigarh University, Chandigarh | Xlri - Xavier School of Management, Jamshedpur |
| Indian Institute of Management, Kozhikode | Shailesh J. Mehta School of Management, IIT Bombay, Mumbai |
| N. L. Dalmia Institute of Management Studies And Research, Mumbai | Department of Management Studies, Indian Institute of Technology, Roorkee |
| Bharati Vidyapeeth Deemed University, Pune | Management Development Institute, Gurgaon |
| Department of Management Studies, IIT Madras, Chennai |
End Note
Becoming a Human Resource Manager in Compliance is a fulfilling career path that combines the challenges of legal compliance with the rewards of ensuring ethical business practices. If you’re ready to embark on this journey, SetMyCareer is here to guide you with Career counselling after graduation at every step of the way. Connect with our experts and start shaping your future today.
In this Career Outline
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