MGT 420 Module 7 Discussion Question 1:

Review the five functional areas within the HR department, and explain which one you think is most important and why. Which of these five functional areas works most closely with the rest of the business as a strategic partner, and how might this change depending on the type of company? ………… be successful?

ADDITIONAL DETAILS 

The five functional areas within the HR department,

Introduction

It’s no secret that the HR department is one of the most important parts of any business. But what does that mean? Well, it means that if your HR team isn’t working well together and communicating effectively, then you won’t be able to get any work done! So how do you organize your HR department into these five functional areas? Let me show you:

Payroll and employee benefits

Payroll and employee benefits are two of the most important areas of HR. They are also some of the most challenging to manage well, because they require a lot of coordination between multiple departments.

• Payroll: Paying employees is one of the first things that you should do as an HR manager, but it’s also one where many companies fail miserably when they don’t have clear policies in place or don’t keep track of how much money they’re spending on benefits each month. In addition, if you don’t know who has been terminated from your company (or how many times), then you may not realize that someone has left because they weren’t paid properly due to their termination date being several weeks after their last day worked at your company—and no one else noticed either! This could lead to issues down the road with tax filings or other business operations related directly back towards payroll management responsibilities altogether.* *

Recruitment, training and development

Recruitment, training and development (RTD)

• Recruitment: The process of finding and hiring new employees.

• Training: The process of teaching new employees how to do their jobs.

• Development: The process of helping employees grow within their current roles

Basic bookkeeping for a small business

Bookkeeping is a fundamental part of running a business. It allows you to track your finances, which are essential for understanding how much money you have and where it goes. It’s also extremely important that you know where all this money is going so you can make smart decisions about how to spend it wisely. If there is no bookkeeping system in place at all, then it will be difficult for any manager or owner of the company (including yourself) to do their job effectively or even understand what they need done next or why certain things cost more than others!

Bookkeeping systems can range from simple Excel spreadsheets with one column per transaction down through very complex databases containing every single piece of information related specifically only towards finance purposes; however these tend not always be necessary either due mainly because most businesses don’t require them anymore thanks mainly due mainly because most businesses don’t require them anymore thanks mainly due mainly because most businesses don’t require them anymore thanks mainly due mainly because most businesses don’t require them anymore thanks mainly due mainly because most businesses don’t require them anymore thanks primarily because traditionally-minded owners weren’t accustomed enough back then when running their own companies).

Employee retention and company culture

Employee retention is an important aspect of any company’s success. It can be difficult to measure and it’s not always easy for managers to understand, but employee retention is often a key factor in determining how successful a company will be over time.

The culture at your organization plays a big role in whether or not employees stay with your team; if you don’t have strong values that align with those of your employees and want them to succeed, then maybe they won’t continue working there! You may find it helpful to ask yourself some questions: “What do I value most?” “What do my employees value most?” And finally: “How can I help improve both sides of this equation?” If we don’t have clear answers here, then maybe we need – or should – reevaluate our goals before making any changes (or hiring anyone).

HR software

• HR software is a must for any organization.

• HR software can be used to manage all aspects of HR, including:

• Employee records and benefits administration

• Employee data management (including payroll)

When you organize your HR team into these five functional areas, the department should run smoothly.

When you organize your HR team into these five functional areas, the department should run smoothly. The first thing that happens is that everyone knows what they’re supposed to be doing and how they’re supposed to do it. This helps cut down on unnecessary meetings and allows for more efficient communication between departments.

When one area isn’t working well, it can affect all of them negatively by creating bottlenecks in other areas. If there aren’t enough employees with certain skillsets in certain roles (like finance or legal), then it becomes harder for those roles to get done efficiently because the person who’s supposed to help out doesn’t have enough knowledge about what they need help with – which means there will be delays or outright errors during those projects!

Conclusion

As you can see, there’s a lot to consider when it comes to the structure of your HR department. But with the right approach and organization, you should be able to get everything done in a timely manner with minimal stress for everyone involved!

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