Archive

For October, 2011

Importance of Human Resource Management

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The function of human resource management is responsible for a lot of things in the organization. Some of these functions include finding out the requirements of the work and the type of people required to fulfill those. The hiring is one of the most important human resource management activities. Other than that it involves recruiting, training and educating employees. The function of any human resource manager is to maintain the high standards of the organization. The HR also ensures high quality performance in dealing with issues being faced by the existing employees of the company. In addition, the people management techniques take care of workers and their administrative needs in forming several regulations and policies. HR managers also have to take care of the goals and vision set by the company.

The causes of some of the major organizational problems lie in the misuse of the HR in the company. Most of these ills are not intentional, but is a result of lack of knowledge and inability to identify the real cause. This is where the human resource management and its handlers come into the picture. These HR coaches are experts at handling such issues and are capable of finding the real causes and cure it. They are equipped to take care of all the workforce related activities at all levels of management. The mark of any good human resource management coach is that they would look to treat the problem and not the symptom. The executive helps the HR process and, provides the solutions in every which way. The end result is a profitable one and eventually leads to cost reductions accompanied by increased efficiency and productivity.
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Understanding Financial Planning

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Financial planning is defined as a process whereby an individual or a couple settles objectives, assesses all resources and assets, estimates any future financial needs, and makes necessary plans to achieve any monetary goals they may have. It includes a variety of factors, such as cash flow management on a daily basis, selection and management of investments, as well as insurance needs. There are numerous elements that are involved with financial planning. This includes items such as risk management, allocation of assets, investing, estate planning, retirement planning, and tax planning. The strategy that is created offers a tailored approach that satisfies any present financial concerns as well as offer financial security for the future.

When a person wants the most out of the money they earn, this tool can play a starring role in achieving that outcome. Through careful financial planning individuals or married couples are able to set certain priorities and work toward achieving any long term goals they have set forward. It also provides a bit of a safeguard when it comes to the unexpected, such as income loss, unexpected illness, or work-related injuries.

No two people will look at financial planning the same, because everyone has different ideas regarding what their it will encompass. For some individuals, financial planning means finding investments that will offer security once a person or a couple retires. For other people, it is making investments and saving to have money ready for when children go off to get a university education.
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Top 10 Principles for Positive Business Ethics

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This morning, I read about a company using on-line auctions to defraud customers. Last week, I consulted on an ethics complaint where a business coach betrayed a client’s confidentiality. And, recently a Physician was convicted of insider trading based on information from a patient, a violation of both business ethics and her professional ethics.

Business ethics are the key to profits. If clients and customers don’t trust you, and your business ethics, they will not do business with you. Would you buy from a company you didn’t trust? Of course not!

Business ethics have become a hot-button topic. There are often ethical conflicts between making money, and doing what is right. There can be dilemmas about doing what is best for your employer, what’s best for your own career, and what’s best for the customer. Business ethics is about negotiating these mine-fields. Here are my Top 10 Principles for Positive Business Ethics:

1. Business Ethics are built on Personal Ethics. There is no real separation between doing what is right in business, and playing fair, telling the truth and being ethical in your personal life.

2. Business Ethics are based on Fairness. Would a dis-interested observer agree that both sides are being treated fairly? Are both sides negotiating in good faith? Does each transaction take place on a “level playing field”? If so, the basic principles of ethics are being met.

3. Business Ethics require Integrity. Integrity refers to whole-ness, reliability and consistency. Ethical businesses treat people with respect, honesty and integrity. They back up their promises, and they keep their commitments.

4. Business Ethics require Truth-telling. The days when a business could sell a defective product and hide behind the “buyer beware” defense are long gone. You can sell products or services that have limitations, defects or are out-dated, but not as first-class, new merchandise. Truth in advertising is not only the law, business ethics require it.
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