Question

In: Finance

Compare and contrast the job requirements and working conditions for human resource managers and financial managers....

Compare and contrast the job requirements and working conditions for human resource managers and financial managers.

-200 Words

-One or Two Sources

Solutions

Expert Solution

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.

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