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Professional Skills for Accountants Assignment

   

Added on  2020-11-12

12 Pages2333 Words333 Views

Professional Skills for Accountants

Table of Contents........................................................................................................................................................2INTRODUCTION............................................................................................................................4TASK 1.............................................................................................................................................4A. Comparison between Human relation and scientific management theories...........................4B. Lesson learnt from these two theories.....................................................................................5TASK 2.............................................................................................................................................5A. The importance of Diversity And Equality policies in organization......................................5B. The management of diversity and equality policy..................................................................6TASK 3.............................................................................................................................................7A. The process of appraise the performance of subordinates......................................................7B. Dealing with post appraisal information.................................................................................8CONCLUSION................................................................................................................................8REFERENCES.................................................................................................................................9

INTRODUCTIONOrganisational management is very important to set the company's goals and objectivesand to set the guidelines and planning to achieve those goals. Human resource management is theprocess oh hiring ,organizing and managing the workforce in the organization. The present reportfocuses on different theories related to human resource. The report depicts the scientificmanagement theory by F.W Tylor and human relationship theory by Elton Mayo. The reportpresents the comparison between the theories and explain its significance for the management.The reports mentioned the Diversity and Equality policies in the company and presents how tomanage this policies. The report presents the different performance appraisal methods and discussabout post-appraisal problems.TASK 1A. Comparison between Human relation and scientific management theories.F.W Tylor theory of scientific management: according to the theory of F.W Tylor, there isneed of setting performance standard in a company, as there is no schedule of work done by aworker in a day(Waring, S. P., 2016.). The principle of rule of thumb describes the amount ofwork by an average worker. Tylor introduces the performance standards of a worker so that it canbe compared with other workers. He also stated that the wage of the worker will provided as perthe work they are doing . The worker with better output will receive more wage rate. Tylor stateda principle where will be 8 supervisor required to supervise the the worker to make sure thestandard output work can be done by them. Tylor introduces a study which state that to increasethe productivity and profitability, the management and worker should have positive attitudetowards each other(Taneja, S., Pryor, M. G. and Toombs, L. A., 2011). Tylor's time study helpsto determine the management how much time is taken by a worker for doing a particular job byrecording analysing their job.Human relation theory by Elton Mayo: The theory by Mayo is concluded with the Hawthorneresearch which stated that giving personal attention to workers will improve their workingefficiency. The interaction of a manager with their subordinate will help in enhance theirperformance. This theory gives a concept labour motivation which gives light to the newprospective than scientific management and replaced the term worker with employee. Everyperson is different in terms of character and behaviour, thus the manager has to understand thecomplexity of the employee and guide them properly to increase the productivity of employees.

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