Role of HR, Marketing, and Finance Departments in an Organization

Assessment

Table of Contents
INTRODUCTION......................................................................................................................3
MAINBODY..............................................................................................................................3
Described the role of HR, marketing and finance departments within an organisation........3
Demonstrate the knowledge of the role of financial management and reporting within the
organisation............................................................................................................................5
CONCLUSION..........................................................................................................................7
REFRENCES.............................................................................................................................8

INTRODUCTION
The relationship between the human resource and the management of finance department is
the strong part of the organisation to achieve the targets of the organisation towards the future
goals. These function can perform individually but when they will perform in the team, they
work for the organisation (Anca, 2016). It is clear that when human resource and finance
team work in the collaboration they take the organisation in the new lead of efficiency,
productivity and most importantly profitability of any organisation. The chosen company is
Marks and Spencer, a multinational retailer store, founded in 1884, headquarter in London,
UK. This assignment includes role of HR, marketing and finance functions of the
organisation. Furthermore it includes the understanding main factors of both internal and
external which are affect the business. And evaluate the role of the financial management and
reporting of the organisation.
MAINBODY
Described the role of HR, marketing and finance departments within an organisation
An organisation is mainly divided into various sectors and various department which
have their own functions and role in the organisation. For example marketing department is
the responsible for the sales and revenue of the Marks and Spencer Company.
Role of Human Resource Department:
The role of human resource department is managing the people of the organisation for the
welfare of the organisation growth as well as the individual prospective:
 Recruitment: To finding out the appropriate employees in the chosen organisation at
the right place and right time. This process includes the advertisement of the opening
vacancy, implementing the selection procedure, conducting interview, managing the
contract of the employees and so on procedure regarding the selection of the
candidate.
 Training: After recruiting the employee, the proper training is provided to the new
candidate so that they can easily understand the work culture of the M&S Company.
And also it improve the skills and knowledge of the employee which enhance the
future of the individual (Ding, Gokan and Zhu, 2017).
 Wages and salaries: The salary and the wages which are provided by the company is
maintained by the HR department. Which employee is deserving what amount