Unit 3 P4 Business

According to"The Princeton Review"(2013), The primary functions of human resources are “to ensure the oversight and appropriate matches made between the producers and support staff, between managers and the managerial assistants and between co workers and subordinates.” Human resources are the ones who ensure all laws of the company and organization are adhered to, The Human resources departments

Human resource is an appellation used in referring to the workforce of an organization or company. Human resource management is involved in the act of putting together employees in an organized manner to assure the objectives of the organization are achieved in a competent and experienced manner. Human resources are the most important services of any organization since they are the catalysts of non-human resources and the medium for developing competitive advantages and sounds of creativity. No organization can exist without a human resources department (Walsh, 2009). A company without an HR department would be reducing its operations and could collapse within a short amount of time.

Human resources plays a great part in the functioning of the company and could impact the success

Misty, I do agree with you when you stated these methods should require supervision. Companies can possibly project the wrong information when they are preparing their budget. I personally think that company should have a special team to handle all financial transactions that involve cash inflows and cash outflows. This cannot always be monitored by the manager or even the CFO if they have other duties that keep them distracted.

Human resource is about how a business I.e mangers controls and treat their staff. Human resources came more into place when human rights came about. The inspection of work place standards proved a significant part of a human’s right.

Strategic planning is an integral process of an organization defining its strategies and direction and making decisions to allocate available resources to peruse laid strategies, which provides the organizations which a competitive edge over their competitors.

Human resources and the services they provide can be seen as the crucial link between staff and the achieving the business goals and objectives.

Introduction In this task I will be describing the different stakeholders of my chosen two organisations which are Tesco and the BHF. I will also talking to you about the way that they influence the purpose the purpose of Tesco and BHF. I will be explaining the viewpoints that different stakeholders in seeking to influence the strategic aims and objectives of the two organisation. Stakeholders

Setting and controlling prices. The finance department are able to set competitive prices through being allowed the time to compare with against other rival businesses and also research who the best suppliers are and conduct market research as to how much customers would be willing to pay. However known of this would be so easy if there was no finance department. For example in many small businesses like the White Lion Café this responsibility is shifted over to the owners who struggle to find the time to research in the same amount of depth.

This is very important to Human Resource Professionals because they are the ones that make sure organization objectives are being met, and policies are being followed. It is the Human Resource professionals that deal with staffing, compensation, safety and health, training and development as well as employee and labor relations issues. Therefore if any situations in the workplace occur

In any organization it is important for HR to touch all levels of the organization and to understand the organization’s environment. An organization who values their employees cannot afford having a human resources department that does not function in a strategic partner role. Human resources professionals, in organizations are equipped with the knowledge, skills and abilities to work with talented senior leaders in an organization. They have the ability to successfully partner with each department within an organization to understand the overall business. HR professional can assist in designing strategic plans to balance the needs of the organization, the employees and the stakeholders. HR can help align efforts of the various functions within the organization with the established goals. They can support the organization’s functions by recruiting, developing and retaining company team members who are crucial. HR should be the driver of the organization’s values. They must not only focus on internal tasks but must step outside the box and fully understand the organization as a whole, how it operates, the competition and what could influence the organization's progress. They must be able to handle change, perform environmental scanning, understand outsourcing and processes

The John Lewis brand was founded in 1864 by John Spedan Lewis partnered with his two brothers in Oxford Street, London (John Lewis Partnership, 2013). As being the UK’s one of the leading department store retailer, John Lewis offers customers

I became really interested in the well-being of employees within a corporation. I consider that in order to obtain happiness and satisfaction of employees, human resources is very important for any type of business, even a small one.

Human Resources constitute as one of the most imperative components of any organization, be it small scale business or a large conglomerate. Some of the key functions of the Human

Finance: Finance Department is in charge of implementation of the organisation’s financial strategy, budgeting, monitoring and reviewing budgets, forcasting cash flow, handling cash, cheque, invoice, payment and so on, establishing books and records.