Role of Finance, Human Resource and Marketing function in the organisation

Human resources role,
marketing and finance
functions within organisations

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Role of Finance, Human Resource and Marketing function in the organisation. ......................3
Concept of Collaborative working practices...............................................................................5
Role of Financial Management & reporting in an organisation..................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
The Human Resource, Marketing as well as finance functions plays vital role within an
organisation. They work towards to achieve common goal of an association. Finance department
of a company emphasise on raising money in order to perform business activities appropriately
(Banerjee, 2017). Marketing department focuses on identifying customer needs, promotion of
products and many more whereas management of employees prevailing in the organisation is the
role of HR department. In the present report, Marks and Spencer is chosen as a base company. It
is a multinational retail organisation founded in year 1884 by Michael Marks & Thomas
Spencer. The report covers different functions of Marketing, HR and finance function of an
association. It also discuss about collaborative working practices in an organisation.
MAIN BODY
Role of Finance, Human Resource and Marketing function in the organisation.
In every organisation, HR, Marketing & finance plays important role which helps in
attaining desired goals within the specified time frame. The functions of al, this department is
discussed below with relation to company:
Functions of HR:
Human resource assist companies to manage their valuable resources that is its
employees. They develop a good relations with employees so that organisational gaols is
achieved effectively. The functions is mentioned below:
Recruitment: The main role of Human Resource is to recruit effective candidate who has
the ability to carried out business activities efficiently. They help companies to hire right
candidate at right job (Charter and Polonsky, 2017). Human resource post jobs, scrutinize
candidate, conduct interview & coordinate with managers for final selection. In context to Marks
& Spencer, its human resource manager identifies requirement of company and then recruit
candidates accordingly. They adopt several methods to hire appropriate candidate such as
Aptitude test, interview, background checking and so on.
Employee Relations: The other major function that Human Resource play is maintaing
good relationship with each and every employee which help them to reatain staff members for
longer time period in the company. With this, it saves the cost of hiring new employee of the