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Mgt 521 Week 2 Functional Areas of Business Paper

In: Business and Management

Submitted By mobin1234
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Pages 4
Roles of a Manager

Mobin Bahrami

MGT/521

11/10/2014
Michael Mc Dermott

Roles of a Manager

As organizations deal with today's challenges such as changing technology, and the worldwide economic climate managers play an important role to set clear expectations and goals for a company. The role of a manager in a firm is to be a leader and oversee the work of other employees allowing business to run smoothly and efficiently. Some functional areas of business include human resource management, strategic planning, and leadership that are an essential part of a business and managers must use to meet an organization's goals and mission.
Human Resource Management Human resource management (HRM) manages the company's employees and handles personnel hiring, firing, benefits, wages, pensions, training, as well as the host of other tasks such as employee relations. The main responsibility of HRM is to process all of the applications who apply for the position and to make sure that the selection and hiring of the employees will best fit the company's requirement. "Human resources management in any organization has a great importance because it manages the most important and most expensive assets of the organization. The human resource management is linked with all the managerial functions involved in planning for recruiting, selecting, developing, utilizing, rewarding, and maximizing the Potential of the human resources in an organization" (Rawash & Saydam, 2012). Whether an organization has been in business for years or is just starting, getting and keeping talented employees is important to the success of every company. Finally, all managers engage in some HRM activities such as evaluating their workers' performance and interviewing job candidates even if there is a separate HRM department.
Strategic Planning Strategic planning provides principals for...

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