Role of HR in Marketing and Finance functions within organizations

Business Studies

Table of Contents
INTRODUCTION...........................................................................................................................3
1. Role of HR in Marketing and Finance functions within organizations. .................................3
2. Collaborative working practices in organization.....................................................................4
3. The role of financial management in organization..................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Business is defined as organization or enterprise which is basically engaged in
commercial, industrial or professional services. Sainsbury is second largest chain of supermarket
which have many stores in across the country and the company has become the largest retailer of
groceries stores (Bizzi, 2017). This report evaluate about the role of HR, marketing and finance
function in organization and also examine the development of understanding of collaborative
working practices. This report also states about role of financial management within the
organization.
1. Role of HR in Marketing and Finance functions within organizations.
HR is defined as the division of business that is changed with finding, screening,
recruiting and training job applicants as well as administering employee – benefit programs
(Uysal, 2019). Role of HR for marketing function of the Sainsbury company are -
Role of HR in Marketing Function – HR has a main role in the marketing department of the
Sainsbury Company which concerns all the marketing functions including the managing and
defining of the Brand of the company and concerns the key areas what the company
manufactures or produces (Sharmila, 2019). HR of the company conducts campaigns for
marketing initiatives which are taken by the company in its development and growth along with
the recent trends in the market that are followed. HR plans in developing and producing
marketing and promotional materials which are needed by the company and in this process HR
looks after the social media managing and monitoring of the products and services which are
produced by the company by walking along with internal communication in socialization. With
this communication HR maintains the employer – employee relationship that brings economic,
social and psychological benefits to both the parties in this process the HR of the company
recruits the best employees for working in the field of marketing department as to meet the needs
of the customers.
Role of HR in Financial Function – Finance helps allocate resources to support Sainsbury's
goals, maintaining a balance between cost and revenue of the company (Valebnikova and
Kalinina, 2019). HR of the company hires, recruits and motivate people to advance those same
goals. This part of HR is organization's biggest expense. HR of the company looks after the areas