In many (maybe most) organizations, the HR office is often viewed as a cost center and...

In many (maybe most) organizations, the HR office is often viewed as a cost center and not a revenue center by many (maybe most) managers who work in business units, such as marketing. After reading chapter 2, watch the following video. Then, compare and contrast what the speaker says about this "cost center" philosophy (regarding the training function specifically) to the chapter. Discuss the solutions he offers. Do you believe they are effective? Explain your answer and offer any alternative or additional solutions.

Expert Solution

ANS) -- Cost center is one of the section inside the business to which the prices can be assigned.Term involve the departments which will not made in a direct way but suffer prices to the business,at the time when the workers and managers of this cost center are not responsible for the profit margin and various kinds of decision making in the business but they are accountable for little of its costs.

-- There are 2 types of cost centers and they are production cost center and service cost center.The production cost center means here the various kind of products are made and handled,one of the example is assembly place and the service cost centers means here services are given to another cost centers and one of the example for this condition is the canteen.

-- Some of the other examples are Engineering, Research and development,Logistics and Human resources.

-- The effectiveness of the cost centers are,

** This helps in Evaluating all the company features very correctly and accurately in a very close manner.

** The deputation of the authorization which happens when making workers or staffs responsible for cost center is a route to increase the workers confidence.

** The cost centers helps to modernize processes,be most successful and preserve money and by that way the over expenses can be decreased.And if a cost center is avoided fro a business then the profit will be decreased.

** The higher officials of the company,that may be the managers and they will be always comparing the cost statistics,it is just for looking that the cost center is running in a profitable or non-profitable way.And this helps the managers to know more about the company and motivate them to be more productive.

THANKS!!!!!!!

Rahul Sunny answered 1 year ago

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