Functional Areas Of Human Resource Management - 1583 Words

Key Functional Areas Human resource management role is to plan, administer, and develop programs and policies that are designed to make efficient use of human resources of an organization. HRM is concerned with the people that are employee and their relationship within an organization. Objectives of HRM are utilization of human resources effectively, maximum development of individual and establishing desirable working relationships among all workers. Human resource management concept indicates that employees are employer resources. Decisions like whom to employ, what type of training is offer, what to pay, and how to assess employee performance that directly affects ability and incentive of employees to provide goods and service that†¦show more content†¦In analysis and design of Job examines specific functions of job in defining the skills, knowledge and duties that are required for each position and also getting complete jobs information. With this information, organization carries out the emp loyees recruiting and hiring function. In Recruitment organizations try to find candidates for potential employment. And then in the process of Selection HR attempts to categorize candidates with the required abilities, knowledge, skills, and other capabilities that will help the organization reach their goal. Next important function is training and development that gives employees the knowledge and skills to effectively perform their work and providing training for inexperienced and new workers. For example organization decisions regarding training and other HR practices are designed for providing special customer service. Compensation and benefits are functional area associated with HRM. The Compensation is the pays and bonuses paid to the worker for the work that they perform. For example, if a worker has practice and needs little training his wages will probably be more than wages for employee who must be qualified and trained. On the other hand Benefits are also a kind of compensation that is available to the personnel in form of Medical and dental insurance, travel allowance, paid vacation and leaves. Employee relation refers to communication with workers who are member of trade union. This area

Advantages of Starting Up a Business - 1109 Words

Advantages of Starting up a Business * Being your own Boss - you can make your own decisions, keep your own time and not have to answer to The Boss * Hard Work amp; Know How - If you are a hard worker and / or have immense industry know how, you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence - One day, you may realise your dream of financial independence * Creative Freedom - no more restrictions, you can do what you like and have the freedom to work, design, create, build what you think is best - your way! * Goodwill - you don t have to pay for it (as if your would if you were buying a business) - you get to build it * Location,†¦show more content†¦* A business plan and marketing method should already be in place. * Existing employees should have experience you can draw on. * Many of the problems will have been discovered and solved already. Disadvantages * You often need to invest a large amount up front, and will also have to budget for professional fees for solicitors, surveyors, accountants etc. * You will probably also need several months worth of working capital to assist with cashflow. * If the business has been neglected you may need to invest quite a bit more on top of the purchase price to give it the best chance of success. * You may need to honour or renegotiate any outstanding contracts the previous owner leaves in place. * You also need to consider why the current owner is selling up and how this might impact the business and your taking it over. * It s possible current staff may not be happy with a new boss, or the business might have been run badly and staff morale may be low. Advantages and disadvantages of franchising Advantages * Your business is based on a proven idea. You can check how successful other franchises are before committing yourself. * You can use a recognised brand name and trade marks. You benefit from any advertising or promotion by the owner of the franchise - the franchisor . * The franchisor gives you support - usually including training, help setting up the business, a manual telling you how to run theShow MoreRelatedBenefits And Disadvantages Of The C Corporation1675 Words   |  7 PagesWhen starting a business, you have many decisions to make; who to hire, where to locate, how to get customers and where to start. But, one of the most important and overlooked decisions is how to protect yourself. Going into business involves risk, but certain risks can be avoided or, at least, minimized. One of the easiest way to protect yourself is to choose the right business entity. There are four basic choices for forming a business. These options are sole proprietorship, partnership, corporat ionRead MoreEssay about Fair Trade Coffee Case Study1318 Words   |  6 Pages Mexican coffee farmers have had an enormous amount of trouble selling their coffee beans at a price that would generate sustainable profit. Nico Roozen and Frans van der Hoff had a vision to implement a fair trade business that would increase not only profits of the farmers but their overall lifestyles. Nico and Frans both face the problem of distribution because fairly traded coffee was distributed only through the so-called Third World Shops that didn’t generate enough demand to create a stableRead MoreChallenges in Starting a New Business1584 Words   |  7 PagesStarting a new business can be very exciting as well as challenging. It can be exciting because it might be a transition from being an employee to owning a business and becoming one’s own boss where there is freedom of doing things without anybody’s influence. The idea of being a business owner can be very exhilarating in itself. Bateman states that ‘The control and ownership of a business is a very powerful feeling. Having ownership is like an adrenalin flow. It gives you more energy – you startRead MoreEssay On Start Up Business738 Words   |  3 Pageswhen you are starting up a business. The best thing to do is learning what is your profits and losses and then write up a business module that will give you the guidelines on how you’re going to reach those goals. You have to look at your start-up cost and see if you’re going to have to get a loan or you already have the money to start it up just finding out what direction you should go. Depending on what you and your business needs are depends on how you are going to form your business. One routeRead MoreEssay on Owning Your Own Business929 Words   |  4 PagesOwning Your Own Business There are many advantages and disadvantages when owning your own business. When you own you own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages. Five advantages for owning your own business are: 1) The owner receives all profits, meaning that all earnings go to the sole proprietor, or the owner, and isn’t shared with anyone else. The profit is not split among partners, orRead MoreDifferent Types of Businesses924 Words   |  4 PagesBusiness Scenario As discussed there are three different types of businesses, sole proprietor, partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running, and have the legal knowledge to keep yourself and organization covered. Lastly, if you have the knowledge and productRead MoreForms Of Businesses By Edgar Llamas1474 Words   |  6 PagesEdgar Llamas Business 101-30D September, 21 2014 â€Æ' Opening a business might seem like a difficult task to achieve. With many different forms, how is one to decide which is the best? People cannot start any type of businesses without know the five basic forms of businesses in the world. Whether it is to be your own boss, or to partner up with another person. It is an essential to know all the facts about each type before opening up a business. It is critical knowing what each form of business is, theRead MoreChallenges And Opportunities For A Small Business Development1371 Words   |  6 PagesCount: XXXX Challenges and Opportunities for a small business development in developing country Table Of Contents †¢ Introduction- Page 3, o Third World Countries o Natural resources of Georgia o Import/Export †¢ Challenges- Page 4 o Financial o Political o Assembling a team †¢ Opportunities- Pages XX, Word Count- o Advantages (has to be 250) o Disadvantages (has to be 250) †¢ Conclusion o (has to be 250) Introduction Starting a business is a multi-step process that can be overwhelming whenRead Morebusiness unit 16 p1 p2 p3 p4 m11355 Words   |  6 Pagesskills †¢ I am trustworthy †¢ I have a smart appearance Weaknesses: †¢ Nervous when speaking in front of groups †¢ I am sometimes shy when I meet people for the first time †¢ My punctuality is sometimes a problem M1 When starting your own business there are many advantages, these vary from being your own boss, which means you are able to make your own decisions which is very convenient because everything you say goes. You are also able to work at a place that suits you, whether it being aRead MoreThe Difference Between Public and Private Sectors1221 Words   |  5 Pagesdon’t know what business law is and so hopefully this essay will help clear that up and increase the knowledge about one exact topic in business law which is partnerships ,business law in general encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling ,or

Currant Legislation for Home Based Childcare free essay sample

LawI would like to provide you with the following up to date legislation impacting on home-based childcare to ensure that your children are provided with the best possible care whilst with me. Sex Discrimination Act (1975) This Act states that all children are not discriminated against on the grounds of their sex and such discrimination is eliminated. It promotes equal opportunities between children no matter of their sex. Race Relation Act (1975) Amended 2000 This Act states that all children are not discriminated against their race and ensure early years providers work towards the elimination of unlawful discrimination and promote equal opportunities between children of different racial groups. Education Act (1981) This Act became law in 1983 and tried to provide adequate safeguards, rights and duties for all those concerned with the education of children with special educational needs and to ensure these children’s rights to be integrated into the life and work of the community. It also recognised parents’ rights regarding their children’s education. Public Health (Control of Disease) Act (1984) and Health Protection Agency Act (2004) All these legislations are focused on protecting people’s health, covering notification and exclusion periods for certain infectious diseases. Exclusions for children include exclusion from schools, places of entertainment or assembly. Education Reform Act (1988) The National Curriculum was introduced into England, Wales and Northern Ireland as a nationwide curriculum for primary and secondary state schools following the Education Reform Act 1988. Children Act (1989) This is the basis of the current child protection system in England and Wales and was introduced to consolidate and clarify previous legislation. It established the principle that a child’s welfare is paramount in any decisions made about their upbringing. It states that every effort should be made to preserve a child’s home and family links and also introduced the notion of parental responsibility. It details how local authorities and courts should act in order to protect the welfare of children. Education Act (1993) This Act is an education measure with the aim of making important changes to the education system in England and Wales. It has various chapters which give details on the responsibility for education, addressing children with special educational needs, setting out the requirements of school attendance and providing details in regard to admissions and exclusions. It also gives parents the right to ask for their child, which is under 2 years of age, to be formally assessed. Code of Practice for the identification and assessment of Children with Special Educational Needs (1994 revised 2001) This Code of Practice provides practical advice to educational settings, including Early Years settings, on carrying out their statutory duties to identify, assess and make provision for children’s special educational needs. Reporting of injuries, diseases and dangerous occurrences regulation (RIDDOR) (1995). Major injuries, which include fractures other than to fingers, thumbs or toes, amputation, dislocation, loss of sight (temporary or permanent) * Accidents resulting in over 3 day injure * Notifiable diseases * Dangerous occurrences * Gas incidents Food Safety amp; General Food Hygiene Regulation (1995) This Act is not currently applicable to registered childminders but acquiring a basic Food Hygiene Certificate is considered good practice. Food should be prepared and provided in a hygienic way. Safety controls are in place, maintained and reviewed. Food safety hazards are identifies by doing risk assessments and implementing appropriate solutions. Family Law Act (1996) This Act sets out guidance on safeguarding and promoting the child’s welfare. Disability Discrimination Act (1995) This Act states that it is illegal to treat disabled person less favourably than a non-disabled person. Settings are required to make reasonable adjustments to prevent disabled people being discriminated. Education Act (1997) This Act incorporates all previous Acts since 1944. It recognise the rights of parents regarding their children’s education and set a time frame on the legal process for identifying and assessing a child’s needs as set out in the Code of Practice. Code of Practice for First Aid (1997) The Code of Practice sets out standard practice and guidance for trained first aiders and gives tailored advice to show different people in industry what they need to do to meet their legal responsibilities for health and safety. Human Rights Act (1998) The Act incorporates the European Convention on Human Rights into UK law. Children are covered by this legislation although not specifically mentioned. Protection of Children Act (1998) The Act states that the Secretary of State shall keep a list of individuals who are considered unsuitable to work with children. Data Protection Act (1998) It relates to information held about an individual. This includes medical records, social services files, facts and opinions about an individual. Anyone processing personal data must comply with the eight principles of good practice. T This Act introduced the Early Years Foundation Stage (EYFS), a statutory framework that sets the standards for learning, development and care of children in the period between child’s birth and their fifth birthday. It is designed to ensure that children receive a good start in life and build a solid foundation to prepare them for school and life. The revised EYFS is effective from September 2013. Safeguarding in Child’s Welfare (15th April 2013) This guidance sets out how organizations and individuals should work together to safeguard and promote the welfare of children and how practitioners should conduct the assessment of children.