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Relationship Between Hr Functions And Functions Essay

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Ans.1) Relationship between HR function in the organisation and the rest of the organisation
Principal HR functions :
i) Human Capital Strategy ii) Talent Management iii) Leadership Development iv) Organisation Development
v) Change Management vi) Operational Excellence with HR function vii) Succession Planning viii) Workforce Planning ix) Payroll and wages
x) Industrial Relations xi) Organisational Design xii) Risk Management
Source – Mercer Human Resource Consulting,2007. Through Strategic Management Process we could find the inter-relations between HR functions and rest of the Organisation function . There are mainly three kinds of company exist in today’s economy , viz. Public , Private and Non Government Organisation . While the significant amount of public’s need is being catered by the Public Organisation , but the Private Organisation aims to maintain the substantial amount of Profit which usually takes the Government contracts to execute the project, so that they could later incorporate the revenue generated in the later stage of their respective business expansion through various means , for eg. hiring skilled labour force, joint ventures . On the other hand , NGOs mainly focuses on fulfilling the public needs by keeping an eye on the Government/Public companies whether the required amount of Corporate Social Responsibilities are being adhered upto the desired level of commitment. An important issue which needs consideration, is

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