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.

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

Next > < Previous

Related Solutions

which contract is most often used in the medical office?

The kickback is a form of fraud often associated with purchasing. Most organizations

The kickback is a form of fraud often associated with purchasing. Most organizations expect their purchasing agents to select the vendor that provides the best products at the lowest price. To influence the purchasing agent in his or her decision, vendors may grant the agent financial favors (cash, presents, football tickets, and so on). This activity can result in orders being placed with vendors that supply inferior products or charge excessive prices. Required Describe the controls that an organization can...

Please answer the below question in detail with great examples. In most organizations, HR is only...

Please answer the below question in detail with great examples. In most organizations, HR is only brought in for informative consultation after the strategic plan is constructed to ensure that the HR team will be able to provide the right number of people, in the right place, with the right training. Such a process is too little, too late and ignores the values which HR can provide to the strategic planning process. What values does HR provide to the strategic...

Many organizations have a general status called a " quality policy." This statement is often vague,...

Many organizations have a general status called a " quality policy." This statement is often vague, eg: the organization will supply the customer with "high quality". Obtain 3 example of such a statement and explain how it could be maid more specific. provide a source for each quality statement

CT8.1 RFL Company sells office equipment and supplies to many organizations in the city and surrounding...

CT8.1 RFL Company sells office equipment and supplies to many organizations in the city and surrounding area on contract terms of 2/10, n/30. In the past, over 75% of the credit customers have taken advantage of the discount by paying within 10 days of the invoice date. The number of customers taking the full 30 days to pay has increased within the last year. Current indications are that less than 60% of the customers are now taking the discount. Bad...

RLF Company sells office equipment and supplies to many organizations in the city and surrounding area...

RLF Company sells office equipment and supplies to many organizations in the city and surrounding area on contract terms of 2/10, n/30. In the past, over 75% of the credit customers have taken advantage of the discount by paying within 10 days of the invoice date. The number of customers taking the full 30 days to pay has increased within the last year. Current indications are that less than 60% of the customers are now taking the discount. Bad debts...

Describe a cost center, profit center and investment center. Which do you think is the most important to monitor and why?

Describe a cost center, profit center and investment center. Which do you think is the most important to monitor and why? If you were the Chief Executive Officer of a multi-branch or multi-departmental company, your company may have cost centers, profit centers, and investment centers. What kind of reports and data would be most important for you to review and analyze on a daily, weekly, and monthly basis, and why? Which center is the most important to you, from...

Most organizations, many clubs, and even the federal government of the United States have codes of...

Most organizations, many clubs, and even the federal government of the United States have codes of ethics that describe the acceptable actions of their employees and members. There are also laws in place that provide boundaries for individual behavior. Is it, then, necessary for an individual to have a personal code of ethics? Why or why not? This is a ethical delimma class

The power point presentation that the cost of goods sold is often the most challenging to...

The power point presentation that the cost of goods sold is often the most challenging to compute. What reasons may cause these challenges in determining the cost ?

Many organizations are concerned about the rising cost of employee benefits and question their value to...

Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to the employees. a. In your opinion, what benefits are of greatest value to employees? To the organization? Why?

Subjects