Advantages Of Human Resource Planning Business Essay

Advantages Of Human Resource Planning Business Essay Human resource planning is really important that without this all planning will finally end up as a mere guess work. Even if the predictions or forecast is not always successful, it is still needed because the forecasts can be quite useful which will give a basis. Upon this basis it is able to avoid ad hoc problems to an extent. Therefore human resource planning should be articulated along with the organisational planning. A dearth of particular category of employee or particular kind skills will affect the organisation in achieving its goals. Rapid changes in technology, marketing, management etc., will result in need of particular category an skilled persons. Changes within an organization in its design and structure will affect manpower demand. Demographic changes like the altering profile of the manpower in terms of age, sex, education etc. The Government policies in regard to reservation, child labour, working conditions etc. Different labour laws affecting the demand and suppl y of labour. Pressure from trade unions, politicians etc. Advantages of Human Resource Planning: Human Resources Planning (HRP) expects not just the needed quality and quantity of employees instead decide the accomplish plan for all the occasions of human resource management .The major advantages of Human resource planning are: It assures the corporate plan of the firm. The HRP elucidates doubts and alters to the upper limit potential and enables the organization to have right kind of people at right time in right place. It allows background for progress and growth of employees through training, development etc. It aids in anticipating the cost of salary increasing, improved benefits etc. It also helps to predict the cost of pay offs, incentives and all other cost of human resources which facilitates the formulation of budgets in an organization. To forecast the changes in abilities, aptitude and attitude of personnel. It results in the advancement of different origins of human reso urces to encounter the organizational goals and objectives. It also aids in taking measures to amend human resource shares in the form of enhanced output ,business turnover etc It facilities the control of all the functions, operations, contribution and cost of human resources Planning as an organisational business strategy: Planning process in a strategic way is often accomplished by networking with in and outside the organisation. The focus is therefore on strengthening the networking with the internal human resource professionals and external human resource persons which will be rooted in sharing information, technology, tools necessary for planning and development of personnel. The outcome depends on effective implementation of the developed tools and resources needed. Out of these a sustainable and feasible strategy has to be formulated. The most important thing to be noted here is that the strategy formulated should be articulated with the overall business strategy of the orga nisation. For this they will consult different human resource managers and all the line managers in the organisation. In order to ensure highest possible utilization of the tools they will work in close conjunction with the managers. This will be aimed in creating a sound personnel data base and tools for the line managers.

Investment and Portfolio Analysis Essay Example | Topics and Well Written Essays - 2000 words - 1

Investment and Portfolio Analysis - Essay Example There was automotive gross cash at June 30, 2007 of $37.4 billion. Ford Motor Company sales and revenue over the last three years has fluctuated tremendously, 2005 was 176.8 billion, 160.1 billion and for the year of 2006 and 172.5 billion for 2007. The current return on investment is -10.4 as of 2007. ( White, 2007). Investment is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in the form of interest, income, or appreciation of the value of the instrument. (Reilly & Brown). It relates to saving or deferring consumption. Investment is involved in many areas of the economy, such as business management and finance no matter for households, firms, or governments. An investment involves the choice by an individual or an organization such as a pension fund. After some analysis or thought, to place or lend money in a vehicle, instrument or asset, such as property, commodity, stock, bond, financial derivatives (e.g. futures or options), or the foreign asset denominated in foreign currency, that has certain level of risk and provides the possibility of generating returns over a period of time. Investment comes with the risk of the loss of the principal sum. (Myles, 2003) The investment that has not been thoroughly analyzed can be highly risky with respect to the investment owner because the possibility of losing money is not within the owners control. The difference between speculation and investment can be subtle. It depends on the investment owners mind whether the purpose is for lending the resource to someone else for economic purpose or not. Through Investment analysis, an investor is in a good position to understand the trend of performance and the likelihood of getting suitable returns at the end of the investment period. Investment analysis is important to any sound portfolio-management strategy. At most, times, investors find it difficult to carry out

Enterprise Development Essay Example | Topics and Well Written Essays - 750 words

Enterprise Development - Essay Example No it is not! It is also not possible for a gambler to gain consistently over a large period of time. Even the best of gamblers lose money consistently which proves that the role of chance is quite significant in gambling. This is not the case in entrepreneurship because there are many examples where entrepreneurs have earn large returns over a long period of time. Entrepreneurs and gamblers are different in the way that gamblers leave many things to chance whereas entrepreneurs do not (Wee, Lim, & Lee, 1994).There is no doubt that the role of chance in the success of an entrepreneur is also not negligible but this is nowhere similar to chance taken by gamblers. Entrepreneurs like Bill Gates, Mark Zuckeberg etc all started their business as entrepreneurs but today they are known to the whole world. This cannot be said for any known gambler of the world. Entrepreneurship is not gambling because there are many controllable factors in entrepreneurship. Entrepreneurs have a lot of control in how they manage their business and risk which is why entrepreneurship is not equal to gambling. Entrepreneurship is much more than gambling as it involves studying markets and taking calculated risks in hope of yielding high returns. One can easily gauge customer demand and using sampling and other procedures to do a trail run in order to test a particular product or service. Measures like these can be taken to cut down the risk and decrease uncertainty of any business. This is why gambling cannot be equated to entrepreneurship. There are many factors that play a role in the success of entrepreneurs like innovation, strong will, and farsightedness. All these factors decide whether an entrepreneur will be successful in the longer run or not. This shows that the success and failure of entrepreneurial ventures is not dependent on chance but on factors like innovation. Will innovation, strong will, and farsightedness makes a gambler