netrashetty
Netra Shetty
Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private equity, venture capital, public equity, high-yield assets and mezzanine capital funds.
Basic training in human research management helps those who are beginning in their career to understand the responsibilities they will assume in their role. Those who work in HR must develop their knowledge in every aspect of human resource management, including compensation and benefits, orientation, training, development, employee relations and performance management.
Human resource management positions often require that HR professionals further develop their skills in specific areas such as labor relations and behavioral interviewing, as well as specialized training in employment law and diversity. Today, the human resource manager is not the person responsible simply for hiring workers and keeping their personnel file up-to-date as they were two decades ago; this is why it is essential that individuals gain the skills and knowledge necessary today for effective human resource management.
In today's workplace environment, it is not uncommon for a company to have an entire human resource management team responsible for hiring the right individuals for specific jobs. This team may also designate the responsibilities of an employee and detail the tasks assigned to that employee. Without an effective human resource management team, a company is likely to have a hard time building an exceptional group of workers who are dedicated to the betterment of the company.
Effective human resource management may consist of several individuals responsible for different roles within the team such as manager, director and generalist. The primary responsibilities of human resource management in general lies in meeting the interests and needs of the company, while meeting the needs of the workers simultaneously. Organizations are constantly changing today; human resource management must constantly evolve as well in order to adapt to changes and remain resilient, keeping the focus on the end result for the company as a whole.
Human Resource Planning:
HR planning is a process, which anticipates and maps out the consequences of business strategy on an organization’s human resources. This is reflected in planning of skill and competence needs as well as total headcounts. Every organization needs to be able to forecast and plan for its future people requirements.
At Standard Chartered Bank, human resource planning involves forecasting the numbers of people which will needed by the bank, and then working out the best way of obtaining then as and when they are needed.
Forecasting:
Forecasting is the major function of the bank’s HR department. The forecasting activities include:
1. Workforce numbers in sufficient detail to be useful.
2. Likely changes to the work of the bank.
3. Work force supply – this involves forecasting the variations in the current work force estimated to occur over the following years.
4. Impact on budgets and funding.
Basic training in human research management helps those who are beginning in their career to understand the responsibilities they will assume in their role. Those who work in HR must develop their knowledge in every aspect of human resource management, including compensation and benefits, orientation, training, development, employee relations and performance management.
Human resource management positions often require that HR professionals further develop their skills in specific areas such as labor relations and behavioral interviewing, as well as specialized training in employment law and diversity. Today, the human resource manager is not the person responsible simply for hiring workers and keeping their personnel file up-to-date as they were two decades ago; this is why it is essential that individuals gain the skills and knowledge necessary today for effective human resource management.
In today's workplace environment, it is not uncommon for a company to have an entire human resource management team responsible for hiring the right individuals for specific jobs. This team may also designate the responsibilities of an employee and detail the tasks assigned to that employee. Without an effective human resource management team, a company is likely to have a hard time building an exceptional group of workers who are dedicated to the betterment of the company.
Effective human resource management may consist of several individuals responsible for different roles within the team such as manager, director and generalist. The primary responsibilities of human resource management in general lies in meeting the interests and needs of the company, while meeting the needs of the workers simultaneously. Organizations are constantly changing today; human resource management must constantly evolve as well in order to adapt to changes and remain resilient, keeping the focus on the end result for the company as a whole.
Human Resource Planning:
HR planning is a process, which anticipates and maps out the consequences of business strategy on an organization’s human resources. This is reflected in planning of skill and competence needs as well as total headcounts. Every organization needs to be able to forecast and plan for its future people requirements.
At Standard Chartered Bank, human resource planning involves forecasting the numbers of people which will needed by the bank, and then working out the best way of obtaining then as and when they are needed.
Forecasting:
Forecasting is the major function of the bank’s HR department. The forecasting activities include:
1. Workforce numbers in sufficient detail to be useful.
2. Likely changes to the work of the bank.
3. Work force supply – this involves forecasting the variations in the current work force estimated to occur over the following years.
4. Impact on budgets and funding.
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