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Role and Importance of Human resource in Organizations

Several management courses are available in India like Graphic Design course, Mass communication Course etc. But course in human resource helps a lot to become a better people person and plays a major role in helping the organizations if and only if the course is done from top b school of India.

The Human Resources Management function involves a number of activities such as:

  • Deciding what staffing needs you have
  • Deciding whether to use independent contractors or hire employees to fill these needs
  • Recruiting and training the best employees
  • Ensuring they are high performers
  • Ensuring your personnel and management practices conform to various regulations
  • Dealing with performance issues

Their Activities also include:

  • Employee records and personnel policies
  • Managing your approach to employee compensation and benefits

Small businesses, usually, have to carry out these activities themselves because they can not yet afford part or full-time help. But, they should always ensure that employees have and are aware of personnel policies which conform to current regulations. These policies are often in the form of employee manuals, which all employees have.

Some people distinguish a difference between HRD (Human Resource Development, a profession) and HRM (a major management activity). Those people might include HRM in HRD explains that HRD includes a number of activities to develop personnel inside of organizations, for example, training, career development, organization development, etc. The most important training benefit is the positive impact training can have on your strategic Human Resource Management goals. Each course in human resource focuses on improving the employee workplace experience as well as improves overall organizational performance there have been an argument about where HR-related functions should be organized into large organizations, for example, “should HR be in the Organization Development department or the other way around?”

Over the past 20-30 years, the HRD profession or HRM function have undergone tremendous change. Many years ago, big organizations looked to the “Personnel Department” to manage the paperwork around hiring and paying people. Recently, companies consider the “HR Department” as playing a key role in training, staffing and helping to manage people so that people and the company are performing in a highly fulfilling manner at maximum capability.

The phrase “talent management” is being used recently to refer the activities to attract, develop as well as retain employees. Some organizations and people use the phrase to refer especially to talented and/or high-potential employees. With the field of Human Resource Management, this phrase is used interchangeably although as the field of talent management matures, it is very likely that there will be an increasing number of people who will strongly disagree about the interchange of these fields.

The rate of change facing companies has never been greater. Companies must absorb and manage change at a much faster rate than ever before. Both large and small companies must ensure that they recruit, train and retain the right people capable of delivering top performance to implement a successful human resource strategy.

Various courses in Finance are available in India

Business Management Colleges of India offers various Courses in Marketing Management. Many students prefer to go for a Course in Finance but few of them are unaware about all the courses in Finance.

A career in finance involves finding ways to organize and manage a company’s money to produce more wealth and increase its value. Students of finance prepare themselves for this career by studying topics like planning, making wise investments, raising funds and controlling costs. Their knowledge in these areas sets them for a number of career paths in corporate finance, financial institutions and investments.

Those who are in search of finance students look for a particular kind of skills and studies. If you want to get the best education of the finance from your undergraduate education, put some focuses into which classes to take that may fall outside the finance curriculum.

Finance courses are mentioned below:

1. Mathematics: Finance students must take a course in mathematics. Courses in calculus and algebra help them in learning how to solve equations in highly complex financial markets. And statistics helps to take decisions based on the probability of many outcomes and allows the students to learn to reach conclusions about basic differences between large batches of information and groups.

2. Accounting: This is an integral part of finance. This course teaches finance students to understand, report and record financial transactions, monitor an organization’s quarterly and annual budgets and performance and examine the costs of many products as well as services.

3. Economics: A course in this helps students get an overhaul of the world economic scenario. Economics basically looks at allocating scarce resources to get wants and needs. If a student takes up a course in macroeconomics teaches then it will help him / her understand the impact of financial market activities on the overall economy. Microeconomics helps students in understanding the different behaviors that occur within firms and among consumers and also in making several financial decisions that can impact a firm’s success.

4. Psychology: In finance, a professional requires to understand the basic thought and behaviors processes that help trigger movements in financial markets. If a student takes up a course in psychology, it helps him / her in developing a critical thinking that a finance student must have to reflect and evaluate an argument and examine situations in all dimensions before reaching to a conclusion.

5. Writing: A course in technical writing teaches students to put clear, forth strong and organized ideas, purposes as well as explanations in the form of reports, memos and letters.

So, choose the course of your interest and go for it.