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Human Resources
Human Resources (HR) is responsible for the implementation of policies and strategies relating to the management of people in an organization. Its key functions include recruitment and selection; employee recordkeeping; compensation and employee benefit management; and training and development.
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What are the Different Designations in HR department?
There can be multiple different designations in an HR department, especially in larger companies. These designations can include President, Vice President, Director of HR, HR Manager, Senior HR Representative, Junior HR Representative and HR Assistant.
Advantage and disadvantage of matrix organization?
MGO 634 HW_2 due on 09/17/2009 - que 2 page # 221....
What are the advantages and limitations of hr policies?
Human resource of an organization is its core strength. The model best practice focuses on that there are variety of HR policies, if the best set of practices will be followed by the human resource only then the organization will achieve success and vice versa.. The best practice within HRM is viable for organization's growth, productivity, competitiveness, profitability and survival.
Introduction of company analysis?
A company analysis includes basic information about the company such as the mission and vision as well as the values and goals. During a company analysis, an investor also looks at the history of the company, focusing on events that have shaped the company.
A company analysis looks into what goods or services the company sells. If the company is a manufacturing company, an analysis studies what products the company makes, and analyzes the quality and the demand of these products. If it's a service business, the investors studies the services order. _
Financial information is analyzed by reviewing financial statements and calculating financial ratios. Information from this company is compared to other companies in the same industry.
What is the difference between hard soft HRM?
soft hrm is the hrm approach that sees employees as valuable assets and means by which they can get competitive advantage and so therefore they believe in employee commitment and engagements. they could invest in employee by training them, building their careers etc.
hard hrm on the other hand, sees the employee as cost and resources that they can use to get maximum returns. hence, they don't see the need of investing in them, rather the employees are being used as resources that they can get maximum returns from them.
How do you improve effectiveness in your job?
Well, it is different for many people. But most of all, when you want to improve in your job, you have to do it with some heart! Actually do it like you want to!! Even if you don't. The more efected you are, the more attention you will get from your boss, the more chance you have of a promotion, and the chance of a better pay!!
What is the recruiting process in human resource management for MNC's?
Recruiting describes the processes companies use to find qualified candidates to fill job openings. Some types of recruiting, such as college recruiting and networking, also serve to bolsterthe company's image among certain groups of potential employees. Effective recruiting is particularly important for small businesses, since finding and hiring talented employees is a key ingredient for growth. The Small Business Association publication Human Resources Management outlines three main steps in the recruiting process: assessing future personnel needs; developing a detailed description of the position to be filled and a corresponding profile of the person needed to fill it; and selecting the sources that will yield the best possible candidates. Throughout the recruiting process, small business owners must remain aware of the legal issues involved in hiring employees.
What do you mean by maximizing value of the shareholder?
This management principle, also known undervalue based management, states that management should first and foremost consider the interests of shareholders in its business decisions. Although this is built into the legal premise of a publicly traded company, this concept is usually highlighted in opposition to alleged examples of CEO's and other management actions which enrich themselves at the expense of shareholders. Examples of this include acquisitions which are dilutive to shareholders, that is, they may cause the combined company to have twice the profits for example but these might have to be split amongst three times the shareholders.
What is the Key Result area of HR Manager?
The Key Result Area (KRA) of an HR Manager typically includes talent acquisition, employee development, performance management, and compliance with labor laws. They are responsible for implementing effective HR policies, fostering a positive workplace culture, and aligning HR strategies with organizational goals. Additionally, they play a crucial role in employee engagement and retention, ensuring that the workforce is motivated and skilled to meet business objectives. Overall, HR Managers focus on optimizing human resources to drive organizational success.
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What is the role of accounting function within a large organization?
The role of accounting function within a large organization is to keep all the financial records of the organization. The functions include but are not limited to bookkeeping, bank reconciliation, making payments and so much more.
What is the Difference between client and vendor?
A client is a person to whom, or a business to which, someone supplies a service.
A vendor is someone who, or a business which, offers something for sale.
How is your fingernails poison?
i dont know... are they even poisonous? i bite my fiingernails everytime -_-....
There are two main models of HRM which are known as soft and hard models. The soft model pays attention to individual productivity while the hard model looks at the entire team's performance and objectives among other things. .
How does the notion of risk and reward govern the behavior of financial managers?
In the world of financial management, a common principle is that great reward cannot be achieved without great risk. The balance between these two extremes governs the behavior of financial managers. Their job is to reap the highest returns on investments while limiting the amount of risk placed in each investment.
How the functional areas contribute to the aims and objectives?
If functional areas work well together and communicate well with each other, there is a high chance of the business doing well; therefore the business will start to complete their aims and objectives.
How Management Information System support business process?
Management Information Systems ( management information system) is the study of people, technology, organizations and the relationships among them. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. MIS is a people-oriented field with an emphasis on service through technology. If you have an interest in technology and have the desire to use technology to improve people's lives, a degree in MIS may be for you.
Businesses use information systems at all levels of operation to collect, process and store data. Management aggregates and disseminates this data in the form of information needed to carry out the daily operations of business. Everyone who works in business, from someone who pays the bills to the person who makes employment decisions, uses information systems. A car dealership could use a computer database to keep track of which products sell best. A retail store might use a computer-based information system to sell products over the Internet. In fact, many (if not most) businesses concentrate on the alignment of management information system with business goals to achieve competitive advantage over other businesses.
MIS professionals create information systems for data management (i.e., storing, searching and analyzing data). In addition, they manage various information systems to meet the needs of managers, staff and customers. By working collaboratively with various members of their work group, as well as with their customers and clients, MIS professionals are able to play a key role in areas such as information security, integration and exchange. As an MIS major, you will learn to design, implement and use business information systems in innovative ways to increase the effectiveness and efficiency of your company.
A common misconception that MIS only concerns programming. However, programming is just a small part of the MIS curriculum. While programming concepts represent some of the founding concepts and information systems development, implementation and use, many jobs in management information system do not utilize programming at all. A large portion of the management information system degree focuses on data analysis, teamwork, leadership, project management, customer service and underlying business theories. These aspects of the degree are what set the MIS professional apart from a computer science specialist.
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management information system
What does the phrase The whole is greater than the sum of its parts mean?
A crushed car is still "the sum of its parts", and it doesn't consume much gas, but it neither rolls nor provide any utility except as scrap. "The whole" implies an order or arrangement, whcih cannot be applied to single atoms. Water and a handful of dirt cannot paint a work of art, compose a song, or generate another "summation" of water and handful of dirt to do the same. An iron atom is not a bridge, but lots of iron atoms can be.
What is the average office size in the UK in terms of number of people?
The average office size in the UK is 12.7 people.
What is the importance of human resource planning?
Human Resource Planning is a process to determine future staffing needs by analyzing organization future business plan and in consideration employee turnover within the organization. Through planning process, a management strives to have right number of workforce and the right kinds of people at the right locations, at right time in order to fulfill the obligations for the benefit of organization as well as individual.
What is mission statement of white castle?
"Serving the finest products, for the least cost, in the cleanest surroundings with the most courteous personnel"
Or
"Our quest is excellence and standard setting leadership in each of our industries"
What are the fundamental concept of organizational behavior?
Fundamental Concepts of Organizational Behavior
Organization Behavior is based on a few fundamental concepts which revolve around the nature of people and organizations.Fundamental concepts of organizational behavior are;
- Individual Differences.
- Perception.
- A whole Person.
- Motivated Behavior.
- The desire for Involvement.
- The value of the Person.
- Human Dignity.
- Organizations are Social System.
- Mutuality of Interest.
- Holistic Concept.
In every field of social science, or even physical science, has a philosophical foundation of basic concepts that guide its development. There are some certain philosophical concepts in organizational behavior also. The concepts are-
Individual differences:
Every individual in the world is different from others. This idea is supported by science. Each person is different from all others, probably in million ways, just as each persons DNA profile is different.
The idea of individual difference comes originally from psychology. From the day of birth, each person is unique, and individual experiences after birth tend to make people even more different.
Perception:
Peoples perceptions are also differ when they see an object. Two people can differently present a same object. And this is occurring for their experiences. A person always organizes and interprets what he sees according to his lifetime of experience and accumulated value.
Employees also see work differently for differ in their personalities, needs, demographics factors, past experiences and social surrounding.
A whole person:
An employee's personal life is not detached from his working life. As an example, A women who attend the office at 8:30 AM is always anxious for her children's school time (if her children able to attend the school or not). As a result, its impact falls on her concentration that means her working life. For this reason, we cannot separate it. So manager should treat an employee as a whole person.
Motivated behavior:
An employee has so many needs inside him. So, they want to fulfill those needs. That's why; they had to perform well in the organization. Some motivations are needed to enrich the quality of work. A path toward increased need fulfillment is the better way of enriches the quality of work.
Desire for involvement:
Every employee is actively seeking opportunities at work to involve in decision-making problems. They hunger for the chance to share what they know and to learn from the experience. So, organization should provide them a chance to express their opinions, ideas and suggestion for decision-making problem. A meaningful involvement can bring mutual benefit for both parties.
Value of the person:
An employee wants to be treated separately from other factor of production (land, capital, labor). They refuse to accept the old idea that they are simply treated as economic tools because they are best creation of almighty Allah. For this reason, they want to be treated with carrying respect, dignity and other things from their employers and society.
The nature of organization
There are two assumptions as to nature of organization.
Social Systems:
Organizations are social systems and governed by social and psychological laws. They have social roles and status. Their behavior influenced by their group's individual drives. Organization environment in a social system is dynamic. All parts of the system are interdependent.
Mutual interest:
In order to develop the organization behavior mutually of interest organizations and people is necessary. Organizations need people and people in tern need organizations. People satisfy their needs through organization and organization accomplish their goal through people.
Ethics:In order to attract and retain valuable employees in an era in which good workers are constantly required away, ethical treatment is necessary. To succeed, organization must treat employees in an ethical fashion. Every Company is required to establish codes of ethics, publicized statements of ethical values, provided ethics training, rewarded employees for notable ethical behavior, publicized positive role models, and set up internal procedures to handle misconduct.
Sources:
- iedunote.com/fundamental-concepts-of-organizational-behavior
