Author: Imarticus Learning

The journey from concept to launch is often paved with challenges, victories, and invaluable lessons learned. Imagine the excitement of shaping an idea into a tangible product, the adrenaline rush of navigating through market uncertainties, and the satisfaction of seeing your creation thrive in the hands of satisfied customers. This journey is the essence of product management, and for those who embark on this path, it’s not just a career choice; it’s a transformative experience.

Today, we delve into the captivating narratives of product management course graduates. These individuals, armed with passion, knowledge, and a thirst for innovation, have traversed the intricate maze of product development, from the seed of an idea to the triumphant launch of their creations. Their stories are not only inspiring but also brimming with insights that can guide aspiring product managers, entrepreneurs, and innovators on their path to success.

What Does a Product Manager Do?

Product management is like the roadmap for making and selling a product. It involves planning, creating, launching, and looking after a product or service. This process covers everything from coming up with the idea to putting it out into the world. Product managers make sure that the product meets the needs of the people who will use it and fits with the company’s goals. They take care of the product from start to finish, making sure it’s successful every step of the way.

Think of a product manager (PM) as the captain of a ship, steering a fantastic idea from its initial spark to a successful voyage on the high seas of the market. Their role is a captivating blend of creativity, strategy, and leadership. Here’s a glimpse into their world:

• Idea Champion: PMs are the champions for new products. They identify customer needs, conduct market research, and refine those brilliant ideas into something users will crave.
• Feature Forge: They determine which features to prioritize, ensuring the product offers the most value to users. It’s all about balancing functionality with a smooth, user-friendly experience.
• Collaboration Captain: PMs are the glue that holds everything together. They collaborate with designers, engineers, marketers – basically everyone on the team – to ensure everyone’s working towards the same vision.
• Data Detective: PMs are data ninjas! They analyze user feedback, track product performance, and use that data to improve and iterate on the product continuously.

Key Skills of a Certified Product Manager

So, you want to be a product development program graduate? 

As students progress, they move into the realm of practical experience. This could involve internships, apprenticeships, or working on real-world projects within their course curriculum. Here, they confront the challenges of managing timelines, collaborating with cross-functional teams, and prioritizing features based on user feedback and business objectives.

This hands-on experience is invaluable for honing their skills and learning how to navigate the complexities of product development. They learn to adapt to unexpected challenges, communicate effectively with stakeholders, and make data-driven decisions to drive product success.

In their roles as product managers, they are responsible for defining product roadmaps, leading development teams, and delivering value to customers. They draw upon their education and experiences to navigate product lifecycles, from ideation to launch and beyond.

Here are the essential skills you’ll hone in a product management course:

• Product Visionary: PMs see the bigger picture. They can envision how a product will evolve and adapt to changing market needs. Think crystal ball, but way cooler.
• User Empathy Ninja: Understanding your users is paramount. PMs have become masters of user research, constantly seeking ways to design products that users love.
• Data-Driven Decision-Making: PMs don’t just guess; they base their decisions on hard data. You’ll learn how to analyze metrics, interpret user feedback, and make informed choices for product development.
• Communication Catalyst: PMs are communication chameleons. They can explain complex technical jargon to executives and translate user needs into actionable plans for engineers. Basically, they speak fluent “everyone-ese.”
• Agile Advocate: The product development world is dynamic. PMs embrace agile methodologies, which involve working in short sprints and adapting to new information quickly. Think of it as being super adaptable and ready for anything.

These are just a few of the many skills you’ll develop in a product management course. By the end, you’ll be well-equipped to navigate the ever-evolving product landscape.

Product Manager’s Salary in India 

According to industry reports, the average product manager salary in India can range from ₹8 lakhs to ₹20 lakhs per annum, depending on experience, location, and the company. It’s a field with promising growth potential, making it an attractive career choice for many.

The typical salary for a Product Manager in India is around ₹21,40,000 per year. On top of that, they usually receive an average additional cash compensation of ₹2,40,000 per year. The range for this extra cash can vary from ₹18,000 to ₹15,00,000. These salary estimates are based on data from 45,797 Product Manager employees in India who shared their salaries anonymously on Glassdoor.

But wait, there’s more! Product management is a career path with excellent job security. Businesses are constantly innovating, creating a high demand for skilled PMs who can turn ideas into reality.

Eligibility Criteria for Product Management Courses

Ready to embark on your product management career growth? Here’s what you’ll typically need to be eligible for a product management course:

• Bachelor’s Degree: Most courses require a bachelor’s degree in any discipline. Your prior studies might even give you a unique edge in the product management world!
• Work Experience (Optional, but Beneficial): While not always mandatory, some courses prefer candidates with some work experience, especially in fields like marketing, engineering, or business development.

The Final Words

Remember, the best product managers come from diverse backgrounds. Your passion for creating impactful products and willingness to learn will be your greatest assets. Many product management courses offer flexible online learning options, making it easier to balance your studies with your current commitments.

Accelerate Your Career with the Professional Certificate in Product Management by Imarticus Learning and IIT Roorkee

The Professional Certificate in Product Management by CEC, IIT Roorkee, offered in collaboration with Imarticus Learning, is tailored specifically for young professionals aiming to kickstart their career in Product Management.

Imarticus Learning, in partnership with IIT Roorkee, has crafted a curriculum designed to help learners master the entire lifecycle of a product, from its development and positioning to pricing and deployment.

This 5-month live Product Management course, facilitated by IIT Roorkee and Imarticus Learning, empowers learners to create a product from scratch, fostering advanced career growth and enriching their portfolio.

Benefiting from IIT Roorkee’s esteemed faculty and cutting-edge curriculum, participants gain essential knowledge and skills in new-age product management through hands-on product development.

Enroll Now and Take the First Step Toward a Rewarding Career in Product Management!

Have you ever felt like your HR department is stuck in a paperwork rut? Policies, procedures, handbooks – they’re all crucial, but let’s be honest, they’re not exactly the recipe for an engaged and thriving workforce.

This is where the Human Resources Manager Training comes in. 

Business leaders witnessing significant changes in their organizations due to the COVID-19 crisis may struggle to understand the full impact until things settle down. However, the pandemic hasn’t given them or anyone else that luxury. It has brought about immediate and profound changes in how societies function and how people interact and work. 

We’ve all seen a widespread shift to remote work, the flexible use of resources, and the faster adoption of digital technology and automation to meet new individual and organizational needs.

It’s more than just memorizing legalese; it’s about becoming a strategic partner in building a company culture that attracts top talent, fosters innovation, and keeps employees happy and productive. Let’s dive deeper and explore how an HR manager course can transform your people management practices.

How do HR manager courses improve employee engagement?

Imagine this: you’re facing a tricky employee relations issue. The policy handbook offers some guidelines, but it doesn’t capture the nuances of the situation. An HR training program equips you with the knowledge and frameworks to navigate these scenarios with confidence.

Ensuring job security is the first Human Resource best practice. In an unpredictable world, having a stable job is crucial for most people. Employees rely on their jobs to support themselves & their families, making it the main reason they go to work.

There’s a formal agreement (working for pay) and an informal one (put in effort, and we’ll take care of you) between the employee and the employer. Job security allows employees to go home after work knowing they can provide for themselves and their families. This sense of security is fundamental and influences almost everything HR does.

You’ll delve into best practices for:

• Recruitment and Onboarding: Learn how to attract the best fit for your company culture, not just the best resume. Discover onboarding strategies that make new hires feel welcome, informed, and empowered from day one.
• Performance Management: Go beyond the annual review drudgery. Explore effective performance management techniques that provide continuous feedback, foster development, and motivate employees to excel.
• Compensation and Benefits: Master the art of crafting competitive compensation packages and designing benefits that truly matter to your workforce.

By learning these best practices in an HR manager course, you’ll transform yourself from a policy enforcer to a strategic advisor, helping your company attract, retain, and develop its most valuable asset – its people.

Why should HR managers invest in advanced training programs?

Sure, knowing the legalities is important, but great HR manager certification is more than just walking encyclopedias of employment law. An HR manager course hones the essential skills you need to thrive in this dynamic role. 

Here are some key areas you’ll focus on:

• Communication: Effective communication is the base of strong relationships. The course will equip you with the skills to communicate clearly, transparently, and empathetically with employees across all levels.
• Conflict Resolution: Workplace disagreements are inevitable. You’ll learn proven strategies for mediating conflict, fostering collaboration, and finding solutions that work for everyone.
• Coaching and Development: Your employees are your company’s greatest growth potential. The course will equip you with the skills to coach and mentor employees, helping them unlock their full potential and achieve their career goals.

These skills go beyond the HR department, too. They’ll make you a more effective leader, collaborator, and communicator across the entire organization.

The Importance of HR Skills: It’s All About People, Not Paperwork

Think about it: a company’s success hinges on its people. A well-trained, motivated workforce is the engine that drives innovation, productivity, and, ultimately, profitability.

An HR manager course empowers you to:

• Boost Employee Engagement: Learn strategies to create a positive work environment where employees feel valued, appreciated, & connected to the company’s mission.
• Reduce Turnover: Discover effective retention strategies that keep your top talent engaged and loyal. A high-performing HR manager can significantly impact your company’s bottom line by minimizing costly turnover.
• Build a Strong Company Culture: Company culture is no longer a buzzword; it’s a core differentiator. You’ll learn how to cultivate a culture of inclusion, collaboration, and high performance.

By honing your HR skills, you become a champion for your employees, ensuring they have the resources and support they need to thrive. This translates into a happier, more productive workforce and a stronger, more sustainable business.

How Do You Become a Great HR Manager?

Now that you understand the power of an HR manager course, you might be wondering, “Where do I begin?” Here are some steps to get you started:

1. Identify Your Needs: Consider your current skillset and the specific areas you want to develop.
2. Research HR Manager Courses: There’s a wide range of HR manager courses available, both online and in-person. Choose one that aligns with your needs, learning style, and budget.
3. Embrace Continuous Learning: The HR landscape is constantly evolving. Stay current with industry trends and best practices through ongoing learning and professional development opportunities.

The Final Words

By investing in an HR manager course, you’re not just investing in your career. You’re investing in the future of your company. You’ll become a strategic partner, a champion for your employees, and a driving force behind organizational success.

While selective hiring is important, the types of profiles we hire depend on the characteristics that align with the organization’s needs. Similarly, the capabilities we train our employees on should also be in line with the organizational strategy. 

Unlock Your Leadership Potential with Imarticus Learning’s HR Analytics Course

Imarticus Learning brings you an exclusive HR analytics course, in collaboration with IIM Lucknow, designed for emerging senior HR professionals and ambitious business managers. This advanced training program is tailored to develop influential leaders who drive strategic initiatives focused on people.

Experience our experiential approach to learning with simulations from Imarticus Game Studio and Simulation on Human Resource Management, ensuring practical, real-world application of concepts.

Join the New-age People Leadership Program to gain insights from top academic experts, CXOs, and business leaders, staying ahead of management challenges and driving success in your organization.

Enroll now and amplify your social net worth by networking with peers and industry leaders worldwide. Gain access to masterclasses by CXOs and establish yourself as a leader in HR and people management.

Ready to take your career to the next level? Contact us today to learn more about our HR analytics course and unlock your potential with Imarticus Learning.

In the current evolving business model, the advancement from a managerial role to the prestigious ranks of senior management can be a turning point in one’s career. It is a shift that not only entails additional tasks but also alters an individual’s position within the framework of an organisation or company. Senior management continues to play an important and unique function in every established enterprise’s hierarchy.

In this article, let us learn more about the definition of senior management, the importance and duties of a senior management body in an organisation, as well as how one can join a senior management course with Imarticus.

What do we understand by senior management?

Senior management is the highest level of the management structure of a company. It typically includes designations such as chief financial officer, chief executive officer, senior manager and other chief executive roles. These leaders are in charge of establishing the overall direction of an organisation, making critical choices and overseeing substantial expenses.

Senior management’s importance and function in an organisation

In every organisational structure, senior management is vitally important. They are basically responsible for making decisions and are crucial in determining the organisation’s course of action, maintaining its financial stability and supervising the larger management group. Individuals who are working as senior managers and executives such as the chief executive officer and chief financial officer play an instrumental part in steering an organisation towards its goals and ensuring its continuous expansion, ranging from budget management to creating the company’s vision.

Fundamental duties of senior managers

1. Senior managers are responsible for long-term strategic planning, assessing current market trends, anticipating obstacles and establishing the objectives of a corporation. With years of expertise in the management area, they ensure the decisions align with the broader vision, distinguishing them from general managers and their more immediate concerns.
2. Senior managers are key in employee development, using their extensive experience to guide and mentor subordinates, fostering potential leaders and promoting organisational culture. They believe and invest in holistic development, thus, bridging the gap between manager and senior manager.
3. Additionally, senior managers establish, oversee and monitor departmental goals to ensure that they are in line with the organisation’s overall objectives. They collaborate with management team members and general managers, highlighting the hierarchical importance of senior executives.
4. With an emphasis on thorough budgeting and financial management, senior managers have excellent financial acumen in their respective fields. While they work with the finance teams to ensure that their initiatives are sustainable and economically viable, they are well aware of how to allocate resources efficiently and achieve the fiscal goals of an organisation.

What is a senior management course and why should one join it?

A senior management course or programme will undoubtedly help an individual in building strategic leadership abilities that are necessary for competence in senior management roles. These are some of the primary benefits or perks that one might get if opted for this programme:

• Making the shift from a managerial role to a leadership role
• Developing strategic thinking skills and making business savvy.
• Rendering efficiency in the decision-making process.
• Learning to employ the use of technology to tackle problem areas.
• Developing a forward-thinking mindset. 

Final words

The IIM Lucknow Senior Management Programme in collaboration with Imarticus Learning, emphasises building a strong business foundation by understanding the dynamics of the modern economy and polishing abilities in marketing, strategic decision-making and digital transformation. It prepares participants to navigate today’s business landscape by teaching them how to handle finances effectively, drive digital transformation in the company, strategise operational management and grasp strategic marketing and pricing. Furthermore, the senior management course prepares leaders for the future by diving into macroeconomics, deciphering digital transformation and AI in business, comprehending changing business models and developing strategic leadership and effectiveness.

IIM Lucknow welcomes individuals who have a strong intellectual rigour and a will to study in order to finish the programme. Candidates will only be eligible for successful completion and will receive advanced management certification, if they meet the attendance and course assessment requirements.

In the aggressively competitive corporate world of today, leadership works as the compass that can guide an organisation or team toward success. Sharp and dynamic leadership is powerful enough to not only influence the behaviour of an individual but also the behaviour of an entire team or organisation. This is why leadership development programs are now quickly becoming influential tools needed to enhance organisational behaviour and drive teams toward success. A leadership development program is a necessity that can help you- an ambitious professional, transform into a future leader. 

If you are a professional who wants to succeed in the corporate world by enhancing your leadership skills, then a leadership development program can help you take your career to the next level. These programs are designed and customised to equip participants with essential tools, knowledge, insights as well as the confidence to become effective leaders who have the skills and ability to impact their organisation significantly.

This article provides insight into the importance of leadership development programs and their key components.

What Is a Leadership Development Program? 

A leadership development program is designed to provide learning solutions that are aimed at improving the skill sets, abilities as well as the confidence of current and future business leaders. These leadership development programs have several benefits as they play a big role in boosting employee morale and retention, promoting better decision-making, improving productivity, building better teams, and also training future leaders to equip them with a management style that promotes a positive working atmosphere. 

Leadership Development Program: Key Components

• Training & Workshops: Leadership development programs provide training as well as workshops on crucial topics like strategic thinking, conflict resolution, effective communication, and emotional intelligence. 
• Coaching & Mentoring: This is one of the most important components of leadership skills training as emerging leaders are paired with experienced and talented mentors and coaches. This pairing is crucial as it provides participants with essential guidance and support which can prove pivotal in the process of skill development as well as personal growth. 
• Learning by Experience: Apart from theoretical learning, a leadership development program also provides essential hands-on experience that includes leadership projects or simulations. This type of practical learning helps leaders to use their newly acquired skills in real-world situations.
• Assessment & Feedback: Leadership development programs always begin with a very thorough assessment of candidates based on their current leadership skills and behaviours. Moreover, feedback is also an integral part of these programs and is provided regularly so that they have a deeper understanding of their strengths and areas that need improvement. 
• Peer Learning: This is another very important component of a leadership skill training program as it involves learning from peers and fellow participants allowing them to gain insight through a range of diverse experiences and perspectives. This plays an important role in providing a different perspective on problems and to learn from the experience of others. 

Benefits of Leadership Development Programs

• Improves your Decision-Making Skills

Through various theoretical as well as practical learning sessions like workshops and trainings, participants understand and learn the importance of making informed decisions even in difficult and uncertain situations. This is one of the most important skills leaders need in the dynamic and volatile corporate world of today.

• Enhances your Communication Skills 

Effective communication is extremely important to become a successful leader. Leadership development programs can help you boost your communication skills by teaching you to articulate your vision clearly and persuasively.

• Boosts your Strategic Thinking 

These programs help you see the bigger picture and to anticipate future trends. Moreover, they help you develop the skills required for you to become better planners so that you can align your team’s efforts with the organisation’s strategic goals. 

• Expands your Professional Network

When you enrol in a leadership development program you get a chance to build your network of ambitious professionals like yourself. This opens up a new world filled with opportunities for collaboration and learning. 

• Opens up Career Prospects

Enrolling in a Leadership Development Program can open up doors to various career prospects as a certification like this will make you an attractive candidate for leadership roles, propelling you towards success. 

Conclusion

If you strive to give your career the boost it needs, then Imarticus Learning can help you achieve your goals through the Global Senior Leadership Program from IIM Lucknow. 

Enrol today and set your career on a path leading to success.

In the dynamic field of Human Resource Management, understanding salary trends for HR managers is crucial for aspiring HR professionals. This comprehensive guide delves into current salary insights, particularly focusing on HR Manager roles in India. Whether you’re considering pursuing a career in HR or are already an HRMA student, gaining insights into HR manager salary can provide valuable career guidance and motivation.

Understanding HR Manager Salary Trends

HR manager salary varies significantly based on factors such as experience, industry, location, and qualifications. As per recent trends, HR manager salary levels have shown a positive trajectory globally, reflecting the increasing strategic importance of HR functions within organisations. For HR Manager Salary in India, there’s been notable growth due to evolving business landscapes and a focus on talent management.

Factors Influencing HR Manager Salary

Individual HR manager pay is influenced by a number of variables, including specialization, geography, experience and skill levels, and HR certifications, among others.

• Location: Location is one of the key variables influencing the remuneration of an HR manager. Salary levels in the USA are often greater than those in Canada or the UK. In India, this pattern is still evident, with incomes generally rising in larger, more expensive cities like New Delhi, Mumbai, Pune and Bangalore. 
• Years of Experience: As is the case with most occupations, years of experience have a significant impact on compensation. An HR manager, for instance, with less than a year of experience will make less money than one with more than six years.
• Specialization: There is a chance that an HR manager with a focus on succession planning, hiring, or organisational design will make more money.
• Industry: According to data from the job site Glassdoor, pharmaceuticals and biotechnology are the highest-paying industries for HR experts.
• Accreditations: Whether a person has any certifications is an aspect that can influence their income as an HR manager. To obtain accreditation as an HR manager, there are several options. You can enrol in the program Human Resource Management and Analytics (HRMA) by IIT Roorkee to study HR and get a certificate. 

HR Manager Salary Insights in India

In India, the HR Manager Salary landscape is influenced by economic growth, industry trends, and demand for skilled HR professionals. As of current data, the average annual salary for HR managers in India ranges from INR 6-20 lakhs depending on the factors mentioned above. Major cities like Mumbai, Delhi, and Bengaluru offer higher salary prospects due to the concentration of industries and multinational corporations.

Salary Breakdown by Designation

The following breakdown highlights the salary ranges and qualifications needed for different HR Manager positions based on experience and expertise:

• HR Manager: Typically earns between INR 3.50 to 5 lakh per annum
  • Requirements: Bachelor’s degree in Human Resources or related field
  • Experience: 0-3 years

• Senior HR Manager: Average salary ranges from INR 6 to 9 lakh per annum
  • Requirements: Bachelor’s degree in Human Resources or related field, with several years of experience.
  • Experience: 3-7 years

• Assistant Vice President (AVP) of HR: Earns between INR 9 to 15 lakh per annum
  • Requirements: Postgraduate degree in Human Resources or related field, with extensive experience.
  • Experience: 7-12 years

• Vice President (VP) of HR: Typically earns INR 15 lakh and above per annum
  • Requirements: Postgraduate degree in Human Resources or related field, with a demonstrated track record of success.
  • Experience: 12 years and above

Salary Breakdown by Job Profile

The following job profiles encompass distinct responsibilities and skill requirements, reflecting varying levels of compensation within the HR field:

• Training and Development Manager: Typically earns between INR 6 to 10 lakh per annum.
• Labour Relations Specialist: Average salary ranges from INR 5 to 8 lakh per annum.
• Compensation and Benefits Manager: Earns between INR 8 to 12 lakh per annum.

Salary Breakdown by Experience

As you accumulate more experience in the field of HR, your salary potential increases, reflecting your expertise and proven track record of success. Experience is a significant factor influencing the salary of an HR Manager. Here’s a breakdown of average annual salaries based on different levels of experience:

• 0-5 Years of Experience: Typically earns between INR 3.50 to 6 lakh per annum.
• 5-10 Years of Experience: Average salary ranges from INR 6 to 12 lakh per annum.
• 10-15 Years of Experience: Earns between INR 12 to 18 lakh per annum.
• 15-20 Years of Experience: INR 18 lakh and above per annum.

How to Become an HR Manager?

For aspiring professionals wondering how to become an HR manager, pursuing specialised education and gaining practical experience are key. Programs like the Human Resource Management and Analytics (HRMA) by IIT Roorkee equip students with industry-relevant skills and insights into salary trends, preparing them for successful careers in HR management.

Conclusion

Staying updated with current HR manager salary trends is essential for HRMA students and professionals alike. By understanding the factors influencing salaries and the career path to becoming an HR manager, individuals can make informed decisions and embark on rewarding careers in Human Resource Management.

If you’re passionate about human resources and aspire to become an HR manager, explore Imarticus Learning’s HRMA program to gain the skills and knowledge needed to excel in this dynamic field. Take charge of your HR career today!