In: Finance
Compare and contrast the job requirements and working conditions for human resource managers and financial managers.
-200 Words
-One or Two Sources
Sr. No. | Human resource Managers | Financial Managers |
1 | Human resource management is the planning, organising, staffing, directing and controlling of the human resource, development, resources to the end that individual and societal objectives are accomplished. | Financial Management is the process of taking financial decisions based on the data collected by accountingFinancial Management have the final responsibility for achieving the organization's goals. |
2 | Human Resource Management is a process, which contains four main activities namely acquisition of people, development of people, motivation of people and as well as maintenance of human resources | Financial Management is the process of taking financial decisions based on the data collected by accounting |
3 | HR deals with workforce embed in business. It concentrates on numerous issue such as training, compensation, appraisals, recruitment and performance management etc | Finance in business, mainly deals with monitoring the circulation of finance(money). It's a integral part of a business. As, it keeps record and track of money that comes in (cash inflow) and goes out (cash outflow). |
4 | Human Resource Management Ensure that HR procedures and policies are in line with Medair guidelines and the Lebanese labour law | Financial Management Manage the day-to-day accounting functions of the programme. |
5. | HR Ensure that salaries and benefits for nationally recruited staff are in-line with similar organisations, meet the requirements of local labour legislation and are within budget. | Financial Management Ensure a clear and transparent paper trail is in place for all financial transactions. |