Human Resources Purpose and Role - 803 Words

------------------------------------------------- HUMAN RESOURCES PURPOSE AND ROLE In simple terms, an organization s human resource management strategy should maximize return on investment in the organization s human capital and minimize financial risk. Human Resources seeks to achieve this by aligning the supply of skilled and qualified individuals and the capabilities of the current workforce, with the organization s ongoing and future business plans and requirements to maximise return on investment and secure future survival and success. In ensuring such objectives are achieved, the human resource function purpose in this context is to implement the organisation s human resource requirements effectively but also pragmatically,†¦show more content†¦The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, and risk and insurance manager. Controllers direct the preparation of financial reports that summarize and forecast the organization s financial position, suc h as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by regulatory authorities. Often, controllers oversee the accounting, audit, and budget departments. Treasurers and finance officers direct the organization s financial goals, objectives, and budgets. They oversee the investment of funds and manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm s expansion, and deal with mergers and acquisitions. Credit managers oversee the firm s issuance of credit. They establish credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts. Managers specializing in international finance develop financial and accounting systems for the banking transactions of multinational organizations. Cash managers monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of the firm. For example, cashflow projectionsShow MoreRelatedThe Effective Management Of Human Resources1338 Words   |  6 Pageseffective management of human resources is essential for business success. In this article, it will talk about the importance of the effective management of human resources. Human resources management is a function that using the limited employees to do the most work and make the business run, which is called HRM or simply HR. A valid work on human resources management will make business successful. The intention of this discussion is to argue about various sources, helpful purposes and functions, theRead MoreRole Of A Human Resource Department984 Words   |  4 PagesRole and Function of a Human Resource Department Human resources (HR) are so much more than the traditional view of an administrative function within the organization. If properly developed and initiated HR can become a strong, strategic business partner. This paper looks at the purpose and role of human resources as a strategic partner as well as its impact on the responsibilities of an HR department. Purpose and Role As businesses evolve and grow so do the purpose and role of an HR departmentRead MoreThe Role Of Human Resource Planning : Selection And Recruitment789 Words   |  4 Pagestime and resources on Human Resource Management (Boselie et al., 2005; Cassell et al., 2002). The role of Human Resources has now become a key integral business function in shaping organisational survival through strategic manpower planning (Peretomode Peretomode, 2001, Cassell et al., 2002, Manzini, 2002). According to Manzini (2002), the role of Human Resource Planning has now evolved into an essential long-term planning function of any business. Certainly, the absence of good human capital resourcingRead MoreProject Mgt- Human Resource Plan1706 Words   |  7 Pages[pic] Project Human Resource Plan Template This Project Human Resource Plan Template is free for you to copy and use on your project and within your organization. We hope that you find this template useful and welcome your comments. Public distribution of this document is only permitted from the Project Management Docs official website at: www.ProjectManagementDocs.com Human Resource Plan Company Name Street Address City, State Zip Code Date Table of Contents Read MoreWhat Is Customer Service Agent? An Hr Manager?1527 Words   |  7 PagesThree methods that you can take as the HR manager to conduct a job analysis of the CSR position and the major pros and cons. Ruminate the task oriented method for delineating crucial areas of job accountabilities and purposes to consummate day-to-day responsibility objectives (Mendoza, n.d., pp. 1-2). The job examination is imperious to guaranteeing high-ranking level supervision in accepting essential procedures for implementing job responsibilities necessary to attaining business ingenuities.Read MoreEssay about Trends and Challenges of Human Resources1526 Words   |  7 PagesChallenges of Human Resources Human resources departments have existed for approximately 100 years. Previously known as personnel departments, organizations departments specializing in the management of people assets have evolved through the years to address many issues. Change in labor laws, introduction and advancement in technology, and the way humankind has evolved has forced many trend changes in human resources management (HRM). In todays organizations, HRM has many functions and roles (BrannenRead MoreGfsgsdf Hshsdfshfd Sdhgw1479 Words   |  6 PagesCAMBRIDGE TECHNICAL CERTIFICATE/DIPLOMA IN IT BUSINESS RESOURCES D/502/5409 LEVEL 3 UNIT 30 GUIDED LEARNING HOURS: 60 UNIT CREDIT VALUE: 10 BUSINESS RESOURCES D/502/5409 LEVEL 3 UNIT 30 PURPOSE OF THE UNIT The unit looks at how a range of resources including human, physical, technological and financial resources are used and managed within business. This unit will help the learner to have an understanding of how human resources are managed and of the employability and personal skillsRead MoreHuman Resource Management Roles592 Words   |  3 PagesHuman Resource Management’s Role in the Health Care Industry HCS/341 Human Resources in Health Care January 9, 2012 Diane Rodriguez â€Æ' Human Resource Management’s Role in the Health Care Industry Human Resource Management helps healthcare organizations maintain a great relationship between the employees and their organization. Human Resource department of an organization has multiple responsibilities and its primary purpose is to improve the productive contribution of people within anRead MoreThe Human Resource Management ( Hrm )1513 Words   |  7 PagesThe Human Resource Management (HRM) plays a vital role in the workplace for employees and employer. Human resource management (HRM) is the managing of human skills and talents to make sure they are used efficiently and in alignment with an organization s goals. Every company has its strategic plan; it includes the administration s long- and short-term goals, and it also includes the procedures for deciding how to allocate organizational resources to achieve these objectives. According to ourRead MoreEssay Strategic Alignment Worksheet: Human Resources1524 Words   |  7 Pagesï » ¿Strategic Alignment Worksheet: Human Resources NAME: Karolina Siodalska Overview Use this Strategic Alignment Worksheet (SAW) to help you complete the sections listed below. As you progress through the course, you will be instructed to complete and submit section(s) of the SAW. Once you have all of the sections completed, you are to incorporate the sections into the larger Atha Execution Plan, which is your final project deliverable (to be submitted in Unit 5). Sections of the SAW