Role of HR & Finance in Company

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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Role of HR & finance function in company...............................................................................3
Collaborative practices within organization................................................................................4
Role of finance management and reporting................................................................................5
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Human resources is the important part of each organization, it is used to describe
employees who are working in the company. HR department of the company is responsible to
manage all the resources which is related to the company. This department also responsible for
vetting, recruiting, hiring and paying employees.
This report will describe HR marketing role and finance role within M&S. This report
will analyse positive effect of collaborative work within company to increase productivity and
profitability. In the end of this report will demonstrate the role of finance management and
reporting within the company.
MAIN BODY
Role of HR & finance function in company
HR functions
Every organization such as large, small and medium size companies have their own HR
department. Size of the company does not affect on their functions, HR remains the same in
every company (Coughlin., 2017). Effective HR department can provide skilful and better
workforce within organization and this can help them to be successful in the business. It is
important for M&S to have effective and strong HR department to run their company properly
and smoothly.
Recruitment
One of the necessary function of HR department is recruitment of employees through
interview and test. HR department provide skilful and strong workforce to the Mark & Spencer's
, which helps them to gain competitive advantages. They hire right people and put them into the
right jobs according to the availability.
Performance evaluations
One of the major function of the HR department is conducting annual performance
evaluations (Joy., 2018). HR manager of the company provide paperwork to the companies
superiors, so they can complete the evaluations. Result from the evaluation in the performance
directly affect on the employee's termination, promotion, compensation.
Compensation & benefits
HR manager of the company provide benefits and compensation to the employees
through the reward system. They are responsible to put those activities to motivate and engage