Human Resource

Human Resource Manager’s Career Options

by with 5 Comments Management Jobs

Human Resource, this research paper outlines certain aspects of a career in the field of Human Resource management. The Human Resource job is significant since it requires the management of one of the most important resources – the human resources of any company. Therefore, it is essential to realize how human resource management (HRM) is nowadays regarded as a crucial element to overall success. Human resource managers require extensive training and various sets of competencies in the areas of finance, legal, and psychology as well as other pertinent knowledge that can help them fulfill their job. It is crucial to be aware of what the future will bring to HR management.

Overview of Human Resources

Human resource management is a process that aims to assist organizations in achieving their goals through the efficient management of staff. Human resource management seeks to find a balance between employees, job satisfaction, and productivity. In this sense, efficient HR management is found to be linked to improved productivity, improved management change, as well as a positive lifestyle quality (Mathis and Jackson 2010,).

Human resource professionals and academics agree that HR functions are constantly changing. Thus those in charge of HR management for the coming years have to be prepared for these dynamisms in order to be able to surpass the norm. Many organizations claim that the development of their human resources is essential for their capability to compete and thrive in global markets. Human resource managers previously were specifically responsible for the areas of policy and administration. Nowadays, however, the responsibilities of human resource managers have evolved and have become highly ambiguous. They are changing in response to strategies, workforce demands changes in the industry, and focusing on the use of human resources’ talents to create an advantage in competition. In the same way, HR managers increasingly find themselves as consultants, assisting senior executives and managers to improve their interaction with staff.

Functionally, human resource management is broader and includes hiring and selection, the planning of rewards and compensation and designing jobs as well as career development as well as training and development, and also dismissal.

HR recruits tend to concentrate on roles that are not specialized and other functions that rotate. However, graduates are more likely to be focusing on more advanced strategies for human resources management. Human resource management is an effective application of the various disciplines within the field to facilitate changes in the organization and generate the value of change through management. Change management covers the skills and skills required to start and manage change, as well as employ tools to facilitate changes.

In light of these changes, HR professionals are constantly challenged to improve their knowledge and skills to handle the complexities of change effectively. They must also be aware of how to make use of tools for change to maximize value. While HR managers are able to manage some aspects of managing change within their company, it is essential to understand that the majority of companies prefer using consultants to manage the process of change. As companies shift their focus towards people management HR managers can be from any department and require a strong background in strategic management, finance and business expertise.

Today, many companies concentrate on applicants who have MBA qualifications to fill your HR team. As the competition for HR jobs is increasing, students enrolled in economics and business courses are able to make the move into the HR field. They are expected to individuals will bring a sense of creativity and the ability to adapt innovative ideas and embrace the changing times.

Heidi Roizen: Personal Life and Professional Career

Current Trends and Job Outlook

Human resource professionals are employed practically in every company and industry. They typically work for organizations working during normal hours, and also full-time. The job could require travel to other companies or recruiting new employees outside of the organization.

The US Bureau of Labor Statistics offers a positive outlook for the work of human resource managers. It is predicted to increase by 13% between the years 2012-2022 similar to other occupations (U.S. Bureau of Labor Statistics 2015).

The increasing demand for HR professionals can be attributable to new businesses and those that have already expanded their operations to new regions. Thus, competition is likely to grow for the top talent for HR administration.

Academics have also pointed out that HR professionals of the present are faced with challenges, and provide new opportunities. Stone and Deadrick (2015) as an example, pointed out globalization, economic changes as well as the growing diversity of local labor markets, as well as changing technologies as factors that have led to new requirements. However they have taken HR management in new directions that offer opportunities for employees, the HR department, its employees, and even organizations (Stone and Deadrick, 2015).

While there are some external changes, however, there are fundamental changes in the workforce all over the world. These changes put immense pressure on HR personnel and their organizations to create specific, unique strategies to develop, train and integrate the most effective employees in these fast-paced shifts. Thus, employers must leverage the HR department to manage these shifts and establish themselves as the best employers that can attract talented workers.

HR managers need to concentrate on recent trends in the evolution of the nature of employees’ duties, the future workforce, and changes in the business environment. HR professionals will need to think about their strategies, and adjust forward even more quickly to future developments in technology, demographics, and social conditions while adapting their processes to changes (SHRM Foundation 2014).

Human ResourceThe Future of Human Resource Management

Recent research has proven that the future trends in HR management are caused by expectations for the workforce and emerging technologies, increasing globalization, and increasing demands for agility resulting from unknown operational requirements. Human resource professionals of the present will have to deal with unfamiliar, unrecognizable environments. Thus, they have to be prepared and responsive. This is why research has revealed major trends that are likely to alter human resource management practices at least over the next couple of years (Coombes 2014).

First, significant shifts will continue to be noticed in the workforce. Modern corporations are expected to collaborate in a constantly changing, global, and regional network of associates, employees affiliates, affiliates, as well as outsourced service suppliers. As employees expand beyond the boundaries of their companies Human resource managers will need to focus on employees within and outside of their organization.

Second, the job that HR has will change to managing individuals, not people. Employers will need to focus on a particular individual rather than relying on the same model for everyone. Therefore, the preferences of employees and needs will be tailored specifically to their needs.

Third, as technology advances and new trends in HR methods are becoming apparent. The tools like analytics, social media cloud computing, and analytics continue to change HR practices as well as provide the best methods for managers to utilize their talents.

Fourth, HR recruitment agencies now concentrate on global recruitment, as demand and supply do not be able to meet in the regional market. Therefore, the diversity of workforces is increasing as human resource departments concentrate on effective recruitment strategies to attract the best talent for multinational companies.

Fifth HR managers will be required to build agile companies by recruiting employees. The business environment is uncertain, which means that businesses can only get an edge in their workforce to stay in the game and be successful. HR practices also need to change to keep up with the changing demands of companies striving to attract top talent.

Sixth, significant changes that will shape HR practices will result from the latest knowledge gained from the field of brain science and human behavior. Analytics will play an important role in future HR practices, with the goal of identifying the most effective employees and achieving better results.

Additionally, it is crucial to be aware that social media can result in an environment that is more transparent. HR managers must keep an eye on privacy when they confront more threats posed by new technologies. Additionally, HR managers will have to be aware of how the HR department will be able to improve the collaboration between other departments and use their skills at any moment for their companies.

These trends are likely to influence HR practices, with a wide-ranging impact. Thus HR professionals will have to create a range of management techniques to manage a rapidly changing globally-oriented, knowledge-driven workforce.

Conclusion

This study reveals some of the most important aspects of managing human resources including changing management of change, the latest trends, challenges, as well as what the future holds for HR methods. HR managers need to be aware of these changes while leveraging unprecedented opportunities to build flexible businesses through human capital. However, HR managers who are not able to adapt will soon become obsolete.

Account

Career Opportunity in the Accounting Industry

by with One Comment Management JobsUncategorized

Introduction

The concept of business-related courses especially for accounts was unclear to me and I didn’t intend to attend any business-related courses. It was during my school days and regardless of the fact that my dad was the manager of an extremely large business company within the area. It wasn’t until my college days that I decided to take an MBA program to learn how “managers” manage business activities. The desire to establish a coherent understanding of the actions managers take in their respective businesses led me to become interested in courses for business. While I was enrolled in the class I began to develop a fascination with various business subjects like how to read the balance accounts, income statements, and other books of account. I might be able to find people who use accounting data and could be able to find jobs in the accounting field.

The important topics

The systematic gathering of, analysis, and reporting of financial information is essential in the management of business since managers know how much cash reserves a business must be able to keep in its bank and how much the company owes its creditors and taxation and the amount of the business earns in profit each year. The documents were prepared by accountants by the company or externally certified individuals. The course has allowed me to understand that if there is no confidence in financial reports, there’s no investment, and without investments, there’s no growth.

The effect of the course on the perception of the field of accounting.

Accounting is important to people because it promotes moral behavior that is extremely important in public relations and the overall achievement of business organizations. The knowledge of accounting reporting is also crucial to secrets in business. This can help in the protection of business secrets from competitors and allows businesses to formulate an aggressive strategy. Additionally, accounting expertise provides an understanding of the management of the business, which is crucial for business growth. Accounting jobs are also of major significance since accountants with the right qualifications are able to become consultants in a variety of companies as well as other areas. This can lead to self-employment which is an important aspect of economic growth.

Another purpose for accounting data is to manage liabilities. The liability, when paired with assets can create ledger accounts. Ledger accounts are essential in calculating profits earned by the company for a specified period of time and also the earnings earned using available resources. This allows for the establishment of a mean for the return rate. They also serve to present the job opportunities which the firm offers per hour.

The entrepreneurial skills acquired in the business world are beneficial for establishing and managing business operations that result in the creation of jobs for both untrained and trained workers. This is a result of economic growth for both individuals and the country in general. The understanding of the labor division ensures an efficient operation of business assets, as well as the ability of workers to respond to the equipment of the company and work specifications. These are vital tools to expand business operations.

Conclusion

Accounting information is among the most crucial elements and factors that contribute to the growth of economics. This is due to the fact that this information gives a wealth of knowledge that helps the strategist develop viable business strategies that will assure that the entire company is properly managed. The way that the course has helped me understand accounting and business practices has had long-term impacts not just on my perception of courses in business, but also on the way I think of various issues in development.

Business

Business Career Plan for the Next 5 Years

by with 2 Comments Management JobsMarketing

The career planning process is the method that allows one to decide the best option for them. It’s also a method where the person can satisfy his or her work-related interest. It helps to build the skills and abilities as well as determine the kind of education and the aspects to be considered to develop this ability (Miller Marvin and Miller 2006). The plan also suggests how to make use of resources to further develop the profession. The paper provides clear guidelines for forming a personal and professional plan of action for the coming five years. The paper will also provide both long and short-term goals and evaluate them against your personal goals and limitations. The best career option is opening salons.

At present, I am studying for an MBA degree in management. After graduation, I plan to start a salon business. It isn’t my primary goal since I’m also hoping to acquire knowledge and experience in the vast business world. The principal weakness is the absence of understanding about the process of starting and managing an enterprise. Another problem is that the idea for a business thought up in your head hasn’t been written down or recorded.

This makes it challenging to anticipate issues like capital. The need to raise capital for a start-up is also a problem I’m experiencing right now. At present, my main strengths are the ability to master the art of combining skills and knowledge, as well as experiences to achieve success. In addition, I will be able to concentrate on this kind of business and have the ability to make room for flexibility. The degree program will provide ways to know more about the career route I’m on.

Objectives

I aim to enroll in a prestigious institution of higher learning to study business management. This will help me fulfill my goal to start an establishment for salons shortly. Furthermore, I need to be able to handle everything business-related with confidence and enthusiasm. Financial assistance for family members is also one of my goals. However, the goals of the business are mostly measurable goals that need to be met to make the business a success.

My short-term objective for the company is to build an efficient and sustainable business that can cater to and satisfy the needs of every customer regarding service and products. A second goal is to try to establish a solid customer base for the company. Additionally, I plan to see average clients grow by 15% each year until I achieve a high-quality performance. Furthermore, my company will provide services of the best quality, with top customer service.

My long-term goals will extend across the company entity. I plan to expand the business by opening new offices in the towns surrounding it over five years. Another objective is to increase market sales and create more revenues. In addition, I must be able to keep and grow the market share of my services and products in all business locations in my name (Waddock 2008, P2013). The company will be an important factor in offering employment opportunities to trained and skilled personnel in the field. A further goal for the long term is to be the top salon service provider within the region.

Business

PESTLE analysis

A thorough environmental analysis ensures that all external and internal threats are addressed. This will help identify the factors such as technological, environmental as well as economic aspects that affect the growth of the company. There are a variety of rules set by the government to allow one to start an enterprise. The business will be affected by labor regulations for employees as well as tax policies and trade laws and environmental regulations (PESTLE Analysis 2012).

The policies in turn impact the economy of the company. Employment laws that are strict and informal regulations have made the venture to be burdensome. But, the restrictions on authority can hinder the short-term objective of creating a profit-making business. The reason is that the profits generated will be used for government regulations regarding the payment of permits, among other remittances from the government.

Environmental factors will impact the business’s location of the salon. The salon located near an urban location will result in more income since urban dwellers are known to be fashionable at all times. This will be a combination of social aspects like cultural preference. The close social network that includes relatives, can be a source of greatly for the company. Family members will provide capital for the start-up of this company.

The increase in population could benefit the overall business (PESTLE Analysis 2012). The distribution of ages in the world will aid in determining the fashions for hairstyles offered by salons. The younger generation is known to be fashionable in their hairstyles. A focus on the safety and health of the customer is a major concern for the staff. The numerous safety measures that need to be put in place in the workplace are likely to be expensive.

The advancement in technology can improve the effectiveness of business. It also leads to an increase in the number of technological incentives in the marketplace. The installation of these gadgets will be costly and hinder high-quality service delivery. The business must keep up-to-date with technological advances. Due to the predicted huge demand, outsourcing essential services is likely to be handled (PESTLE Analyse 2012). This is a further disadvantage for the company.

Economic factors like inflation and the high rate of interest can negatively impact the business. However, the growth of the economy will help to ensure maintaining the security of the company. In the coming 5 years, the business landscape will likely undergo a radical change. The technology aspect of the business is expected to develop even more. Social factors like the cultural aspect and the preference for age for potential customers will be quite different than the present.

Thus, the company should be run in a way that allows it to adjust to changes. As mentioned earlier the business must be able to adapt to the current trends within the industry. The company will become its image to the public because it will funnel the funds back into the community. This can be accomplished through job opportunities or financial assistance for the poor in society.

SWOT analysis

A SWOT analysis will highlight the important strengths and weaknesses that relate to the summary of market analysis and will provide information on the threats and opportunities facing the company (Waddock 2008). My SWOT analysis will focus on key business units as well as an assessment of the main tasks. These include marketing and finance, human relations, accounting, operations, as well as logistics.

The strengths will show the company’s capability to provide personalized service to clients. A crucial, strength is the ability to create solid relations with suppliers. This will result in an increase in flexibility from suppliers as well as rapid responses to specific products. Client loyalty needs to be maintained by an excellent reputation with returning customers who have made large purchases.

Insufficiency could affect my goal and alter the time target. The most obvious flaw is the time required to go up the learning curve for retail skills. The company will be in a marketplace that is home to many salon-related business opportunities. This is a challenging task to attract customers. Additionally, the nature of the industry poses an immense problem for the company (Barnet 2006.).

There are many opportunities in the marketplace. There is a large portion of the market wants to know about the unique service my company can provide. It is a promising market, with strategic alliances providing referral sources as well as joint marketing initiatives to expand the reach of the business (Waddock 2007). The growing demand for salons in the region is what prompted the development of this company.

The threat of terrorism cannot be ignored. The pressure on prices is continuing due to the fierce market competition. This has reduced the market in some ways which has resulted in a decrease in the margin. The variations in customer preferences are a challenge to keeping up with consumer demands. Another issue is the growing number of services and products offered by established companies in the local marketplace. Established businesses have opted to determine prices for their products and services.

This examination reveals a solid potential for success, but the weaknesses and risks must be identified in all instances throughout the company. By analyzing this I will be aware of whether the company is getting the most out of the opportunities that are available. It also provides a summary of changes to the external context. It’s a great formality to ensure that my rivals are under control. Combining this analysis with a PESTLE analysis of the business will ensure that it is running smoothly with minimal issues in the marketplace (PESTLE analysis 2012).

When comparing the present situation and my expectations for the future, they’re quite different. The expected level of skills and knowledge is significantly different from the present. The acquisition of skills and understanding of the management of businesses will improve over time (Barnet 2006, page. 258). The ability to become an efficient, responsible, and productive person is the primary to achieving these objectives. Presently the available time is being used to identify the weaknesses and dangers. This is achieved by attending classes on business management to gain skills and understanding. The pursuit of academics is the best way of developing technical abilities close to.

Risk analysis

A variety of risks are associated with this strategy. The business is likely to face a lot of market competition. It could risk losing its place in the market should it not innovate. Additionally, it is a chance of new players entering the market who will replace the services provided. Another huge risk is interference from the political system by removing the license of the business. The risk of failure of the company is extremely high.

It could be due to difficulties in the financial sector, such as bankruptcy excessive liabilities, or the absence of appropriate investors. Another risk that could be a concern is operational risk. It is a situation where there could be a shortage of qualified employees on the market to hire for the business. The risk analysis gives an extensive report on the state of the business.

To be successful in all of these challenges It is important to be imaginative and creative. Confidence in yourself and the determination to pursue the goal you want. A good way to deal with risk is to make sure that there is a continuity of operations and reduce liabilities. However, risk management plans are in place to facilitate the detection and mitigation of the threats that a business is confronted with (Barnet 2006 page. 258). These strategies will also guide methods to ensure that resources can be effectively allocated.

Personal lessons learned

If I can achieve my business goals to the highest degree, I will be able to earn an impressive amount of money. This plan of career is an exact representation of the direction that I intend to pursue in my life (Miller and Marvin, 2006). It is a great way to open my eyes to the path I’m planning to pursue. These accomplishments can be achieved through dedication and determination to be a positive influence in the future (Jones 2010 24). 24,). This program allows one to develop a career in the area of their choice project by. It also makes it easier to follow the process of achieving goals throughout a lifetime (Barnet 2006, 259).

Decision-Making in Choosing a Career

Management

Career Growth in Management

by with 4 Comments Management Jobs

What do you think is your overall impression of the potential for a management career?

Through the years of his time in Midfield, Chaitanya has consistently displayed professional and personal qualities that have made him noticed. His efforts have always produced remarkable results. As an outcome, he’s impressed with all employees at Midfields. In the past, for instance, he was able to develop and implemented a new customer acquisition method for Europe and the Middle East regions. The model that he devised was a significant undertaking that required lots of focus, mental energy, and leadership. He spent a great deal of time researching European as well as Middle Eastern markets, and the unique characteristics and needs that characterize our clients. Because of its popularity, the new strategy was later used as the primary strategy to acquire potential new clients for the company.

Regarding goals and upward mobility, Chaitanya was promoted from the post of Business Development Executive to that of Business Development Manager within only six months after his start at Midfield. In the following twelve months, he was promoted to the rank of Business Development Manager and eventually the position of Strategy and Planning Manager, primarily due to his expertise in managing people as well as strategic thought. He displays the characteristics that make a good manager, and I can confirm his unquestionably exceptional growth as a manager in the future.

ManagementPlease indicate any unique peculiar or unique particulars of the candidate’s personal or professional background that distinguish the applicant from the rest of the candidates.

Aggressiveness and Innovative Thinking

The promotion of Chaitanya to the position of Strategy and Planning Manager placed him as the sole person responsible for a variety of aspects of business growth, which includes the responsibility of acquiring and maintaining a solid client basis in Europe. At the time of the promotion, Midfield was unsuccessful in its attempts to gain a foothold in the European market for the past three years. There were many obstacles in his quest to determine the potential of Europe’s market and eventually introduce Midfield in the form of an alternative brand competing with Midfield. Perhaps even more difficult was his quest to discover the reason Midfield’s previous attempts to penetrate the European market didn’t produce much. He ultimately proved capable of the task when he came up with the idea of using events for promotion to create awareness of Midfield and our wide range of products.

Thus, over a few periods, Midfield has been able to establish its brand as a household name in Europe and later record increasing sales across Germany, Spain, and Greece. In fact, for the very first time in the history of Midfield, Germany became the largest trade partner in the region accounting for around 21 percent of our total sales. Chaitanya’s analytical abilities, creative thinking, and adversity are all to be credited with these remarkable results.

Salesmanship

Chaitanya was an extremely successful sales representative at Midfields during the time was there. He displays a high degree of readiness when meeting with potential customers by meticulously conducting studies, analyzing the competition, and creating a winning sales pitch for the customer. After presenting his sales pitch, he skillfully and effectively eliminates any doubt that a prospective customer might be able to overcome when doing business with Midfield. In the end, his record is impressive. record in concluding deals on behalf of Midfield in an extremely competitive market. An excellent example of his skill in selling is the most significant deal he signed by a single customer for Midfield which is worth $ 2 million. I am confident of his continued success in the goal.

Consider the applicant’s capability to work in a team environment. (Consider the applicant’s capacity to collaborate with peers as well as supervisors and subordinates, their ability to lead and assign responsibility, and the ability to work in a group setting ).

In evaluating one’s managerial abilities the ability to lead people is always an excellent measurement. In this respect, Chaitanya has grown into an efficient and skilled manager. After his promotion to the post in the Business Development Department, He was faced with the daunting task of supervising staff in a field in which there was no or little previous experience. The first task was to establish a good relationship with the Regional Sales Managers, who had already developed a strong relationship with our most important customers.

After gaining their trust and backing and trust, he was now in the position of gaining an understanding of our weaknesses and strengths, our biggest challenges and opportunities. He was able to make a seamless transition. I credit his success at least in part to the manner of respect and maturity of his interactions with his coworkers.

It is also noteworthy to note Chaitanya’s coaching ability. Whenever someone new was added to his team Chaitanya decided to help them get familiar with their new workplace and job. The objective was to assist his new employees to adjust to the environment of Midfields for the initial two months at their new position. He did this by putting the new employees with more skilled members of his team. He also made sure new team members were accompanied on client calls in the hope of getting them exposed and giving them hands-on knowledge of handling clients.

In creating a safe and healthy space that encourages the discussion of new ideas providing advice and instruction to new subordinates being friendly and available to colleagues and juniors alike, without compromising his authority, Chaitanya has been able to build highly effective teams.

What do you think are the biggest liability of the applicant? What initiatives, if any, have the applicant taken to make improvements in these areas?

When Chaitanya first was a member of Midfield it was noticed that he was too confident, despite his exceptional skills and good intentions. it was his weakness. This was especially problematic because it could impede his ability to assess objectively his ideas, leading to tactical errors that would be apparent when viewed in the back of his mind. In the case of sharing his idea with someone else, which could aid in refining his thinking and considering different views into account the idea was then put into the project’s implementation, resulting in an unnecessary review of the project in the future, only to discover its unsustainable ness for instance.

He was fortunate to have received criticism for the same and was able to accept it constructively and implement corrective actions and was able to overcome many of his shortcomings. As my supervisor, I have taught him the importance and benefits of having a strategy in place before moving into its implementation, especially in situations where large amounts of money are involved. This has meant that the man is now able to manage the excitement generated by new concepts and I have witnessed him conduct a thorough research about a project before he suggests the project for implementation. I would suggest that he listens to constructive suggestions and incorporates the suggestions into the plans he has. In uncertain situations, he’s learned to first analyze in order to examine and refine a hypothesis before moving on to a larger-scale study. This means that He can formulate more efficient proposals with greater chances of success.

In the end, though Chaitanya like all of us has his limitations he has learned to accept his shortcomings and work to improve these. In addition, he is open to constructive criticism and has displayed an eagerness to learn throughout the time I met him.

Please provide any additional information regarding the applicant that could help to assist the Admissions Committee in evaluating the candidate’s chances of success at graduate school.

Chaitanya has a great passion for every task he undertakes. He is self-motivated, ambitious, and results-oriented, a team player, and has excellent communication skills. This can be seen in his work as part of a team charged with securing investor funds up to 13 million dollars for Midfields. He developed an investor presentation which ultimately led to the securing of the funds needed to expand Midfield’s operations into Northern India and Dubai. This is even though he had no training nor previous experience in fundraising for investment.

With 1,200 employees across 16 countries under my supervision, Chaitanya ranks amongst the highest 1% of the workforce in terms of efficiency and resiliency. With these attributes and accomplishments, I can declare, without hesitation that Chaitanya Velma is a great candidate to be a great graduate school and an impressive future job in the field of management

Business Career Plan for the Next 5 Years