6 Main Functions of a Human Resource Department

The HR department is a versatile and multi-functional division within an organization. The department is answerable for hiring and firing employees, training workers, maintaining interoffice relationships and interpreting employ laws. The department works diligently behind the scenes to ensure an organization runs professionally.

Hiring and Recruiting

One of the primary functions of the HR department is to oversee hiring and recruiting inside an organization. The department actively recruits, screens, interviews and hires qualified applicants for open positions. The department administers skills assessment and personality tests to match applicants with the right job within the company. The HR department also develops employee handbooks that explain company policies and processes to new hires.

Training and Development

The human resources department handles the training and development of an organization. It creates training programs and conducts training for new hires and existing employees. The human resources department also works in conjunction with department managers and supervisors to control the training requirements of employees. They also are responsible for training contracts and accounting.

Compensation

The human resources department is responsible for numerous features of employee compensation. The department typically handles employee payroll and ensures employees are paid precisely and on time. Human resources departments also manage compensation programs that contain pensions and other fringe advantage offered by the employer.

Employee Benefits

The HR department manages all aspects of employee benefits, including health and dental insurance, long-term care or disability programs as well as employee help and wellness programs. The department keeps track of employee absences and job-protected leave, such as family medical leave. Human resources department representatives confirm employees receive the proper disclosures regarding benefit eligibility or if advantages are no longer obtainable because of a layoff or termination.

Employee Relations

The human resources department handles employee relations matters inside an organization. Employee relations involves employee participation in dissimilar aspects of organizational activities. The department maintains the relationship between employees and management by promoting communication and fairness inside the company. The department also controls disputes between employees and management, as well as disputes between the company and labor unions or employee rights organizations.

Legal Responsibilities

The human resources section is responsible for interpreting and enforcing employment and labor laws such as equal employment opening, fair labour standards, benefits and wages, and work hour requirements. 

KCC ITM - MBA B.Tech Admission in Delhi

Address: M-78, Connaught Place, New Delhi, Delhi 110001

Phone: 095990 85620

MBA in Finance and Accounting for a Bright Future

Do you know the reason why various multination firms are making big investments in Indian subcontinent? I have answer. The kind of pace Indian economy has gained over the past few years has exceptional and these companies project India as the new global player in the next decade. This is the reason why these companies are keen to make investments in India. Easy obtainability of manpower, good resources, and industry-friendly norms are such things that made these companies to expand their processes in Asia Pacific.

With the increasing pace of Indian economy, the need for business professionals has also grown manifold. It is expected that demand for finance professionals will be doubled in the next 5 years. As government has opened its doors for foreign investment, there is great scope for finance and accounting specialists.

In order to meet this growing demand for finance management professionals, a big number of management institutes are coming up with career-oriented financial programs for students seeking to build a good career in Finance. One such course is MBA in Finance and Accounting which is in great demand nowadays. This course is meant to teach students with basic as well as advanced finance management skills that can be of great help in resolving complex financial issues.

After completing their MBA in Finance and Accounting, these business professionals work in close connotation with business heads or directors to help them in making their crucial financial decisions. One thing is clear that while working at the top most position, there will be sufficient space for growth and improvement. As Indian companies are going into joint ventures many foreign groups, making a sagacious financial decision is very important from each and each aspect of business.

If you're also looking to do your MBA in Finance and Accounting, I would advise doing a comprehensive research on various programs and different colleges. This research will help you not only in determining the current market trend but also in selecting the Top MBA College. The best way to start your research is to use internet as it is the most extensively adopted medium for information search.

There are some colleges that specialize in providing finance connected courses such as Indian Institute of Finance and Trade. Make sure you select the best management college for your education as a right step taken here will help you achieve your career goal fruitfully.

Difference Between A Master's And An MBA Degree

Education, in present world has reached a level of reputation that equals that of food, clothing and shelter. After all, getting a good education leads to getting a good occupation, which in turn leads to the financial steadiness to be capable to afford food, clothing and shelter. While in the past, getting a high school education proved more than sufficient to secure a good job and make a livelihood, today's job market is riddled with competition. For every ten job opportunities that are made known, there are hundreds of applicants applying. Some qualified for the job experience wise, and few qualified for the job education wise. Yes today, after completion of a high school and college education, students and their parents are willing to go that extra mile to secure the perfect career, by undertaking a Master's degree in the area of interest and specialization.

What is a Master's Degree?

• A Master's degree is rewarded to an individual who has completed, satisfying the necessities and targets set by the institute, within the specified time period, a post-graduate program that he has applied for. Given below are some of the most common characteristics that a Master's degree entails.
• A Master's degree is an all-inclusive term used for a post-graduate degree in any field that one aspires to pursue.
• There are numerous streams, disciplines, and fields from which particular topics are selected for holding Master's programs in.
• For instance, there are Master's programs in the fields of fine arts, science, commerce, performing arts, communication, computer technology, etc. From inside these fields too, specific subjects are selected and Master's programs are conducted.
• The reason for this is that these fields are very huge and hence need to be categorised and studied in information by having separate courses dedicated to them.
• A person aspiring to undertake a Master's degree in a particular field is typically required to hold an undergraduate degree in a discipline that is the same as the Master's that he wishes to study in.
• For example, among two individuals wishing to do a Master's in Astrophysics, somebody with a Bachelor's degree in science (specially related to astrophysics) will get preference over someone with a degree in psychology (even though he might be mentally competent for it).
• After a Master's degree in a particular field, one usually gets a job and might later on pursue a Ph. D. in a subject of interest after garnering experience and exposure in the field.

What is an MBA?

• An MBA is the abbreviated form of Master's in Business Administration. That it is a sure shot signal to how dissimilar it is from a regular Master's degree. Nevertheless, we've explained some points to clear your doubts.
• An MBA is a Master's program specifically designed to train persons in one field of study: management.
• Thus, it can be supposed that an MBA is a subset of a Master's degree. This is because while each MBA degree is a Master's degree, each Master's degree is not an MBA.
• So an MBA is just one of the several streams and disciplines that have Master's programs to be taught.
• Just like any other Master's degree, an MBA also has diverse subjects and fields within itself that students can specialize in. These include finance, banking, human resources, communication, etc.
• An MBA does not need the applicant to have a specific main or stream as far as the Bachelor's degree is concerned.
• It is a common practice to earn a Bachelor's degree, garner some work experience, and then pursue an MBA. This supports the student understand the working and practice of management ideas in business organizations better, because they've previously been a part of one.
• Many individuals also combine a Master's degree in another field with an MBA to better their job prospects and make more money.

Master's Degree vs MBA

From the above explanation about a Master's degree and an MBA, you might have understood that an MBA is a domain that specializes only in management training while a Master's degree is a much broader term and can be dedicated to any domain in overall. If you're aiming to get into the management sector of a specific domain, then obtaining an MBA in that particular domain, for instance communication studies, will be a good idea. 

But if you intend to excel in the workforce level of a domain, say mass communication, then it makes more sense to get skills in that exact domain. So, by this, we can infer that a Master's degree will get you the skill set that you need to do a job, while an MBA will assist you develop your management techniques in order to manage aforementioned skill set. Both are similarly important jobs. You have to decide what your forte is.

While it is true that finishing an MBA will get you more money than an undergraduate education, there are also loads of high paying jobs even with any other master's degree. The key is to identify your field of interest, learn as much as you can about it, and find a job that uses your knowledge and skill acquired via the education to get you the remuneration you deserve.

A Top Ranked MBA College In Delhi NCR

KCC Institute of Technology & Management 

Address: 2B-2C, Knowledge Park-III, Greater Noida, Uttar Pradesh 201306

Phone: 092100 65555

Scholarship For MBA Students - A Ticket To High Paid Course

Scholarships are intended to ease financial burden from the lives of aspirants who have bright vision to continue their education in a selected subject. If the subject happens to be MBA, then, the need of application seeking scholarship or grant becomes only way out for the students belonging to weaker financial class. MBA programs are highly paid courses figuratively as well as practically too. From the perspective of fee-structure, the course remains to be hard for aspirants with lesser funds. On the other hand, after accomplishing the program with flying colors, it proves to be high paid course because MBA pass outs have a cheerful employment future.

Focusing on the main theme of this article, it will not be wrong to say that numerous institutions invite requests from deserved candidates seeking scholarship. Nevertheless, there are certain guidelines that get listed in advance regarding the eligibility of applicants. Apparently, the aspirants who cannot afford to invest massively for MBA because of their financial instability are actual beneficiaries of scholarship for MBA students. It further implies that before submitting a request expressing the concern to get availability to scholarship covering finances partially or fully, candidates ought to understand the terms and conditions of grant programs thoroughly. These terms and conditions are determined to make the picture crystal clear before the applicants' or their families.

In addition, the aspirants can proceed with the extra procedures after their eligibility gets established. Conversely, if it gets proved that person seeking grant does not qualify among the group of deserved candidates according to the rules of a financial institution, then, the application may stand chances of cancellation. Apart from this, when the question of selecting the best institute that offers excellence education in the stream of MBA, then, Delhi/NCR location comes in the priority list. Practically speaking, if you are planning to study in the top MBA institute in Noida, then your initial steps should be determined effectually. Noida is indeed a home to numerous top-notch educational institutes which can groom you with advanced learning of MBA. Keeping too many alternatives can give birth to dilemma, thus, you must select fewer choices of colleges for comparison purposes.

Cutting it short, if you have been planning to select best MBA institute in Noida https://www.kccitm.edu.in/ from 7-8 other alternatives, then, it will definitely spread an air of confusion profusely. Hence, to avoid any such last minute confusions, you are recommended to make a checklist addressing important concerns ranging from scholarship application to other significant points of interest. After evaluating your mode of seeking admission in MBA institutes, you should leave no stone unturned to be a recipient of MBA scholarship. No doubt, it is pivotal to understand that your application for scholarship will be considered only if you enjoy the eligibility for grant provision. In all, you ought to indicate your requisites rightly so that organization can offer you grant accordingly. Last, but, not the least, you are suggested to inform the financial institution helping you with scholarship whether your MBA course falls in part- time or full- time program and likewise.

MBA Colleges Of Greater Noida Host Comprehensive Learning Programs

Do you wish to touch the heights of profits by opening a business house of your own? Well, your thought might be pragmatic, but in order to accomplish it, you need to realize their ultimate worth! There is no time left for you to keep dreaming about your future, instead, your moves must be planned cautiously. Putting the aforementioned statement simply, it is high time that you put an end to your wondering or imagination and start earning your dream by joining a professional course. Master’s degree would be attained if graduation has been successfully done. This rule is even applicable for MBA students, hence, you are recommended to proceed easily in the direction of your goal.

Business ethics and numerous related modules can be learnt about in this course. The comprehensive learning in Top MBA Colleges In Greater Noida is being encouraged to let students to get equipped with all the relevant skills. The management institutions are raising their standards in terms of providing mentoring to their students allowing them to attain their goals. These goals are none other than becoming professional entrepreneur, being self-employed or taking up jobs which request applications from MBAs only. These high-paid jobs are among prime targets of aspirants, but, they need to undergo formal training beforehand besides gaining MBA degree. Apparently, each company needs its employees to be experienced so that the latter proves to be an asset for former in the long term.

Furthermore, after receiving MBA degree, learners become qualified to appear for competitive career. As a matter of fact, after passing this course of business ethics, future of students become praiseworthy where their dreams of being on a high level in society gets attracted gradually. Hence, MBA colleges in Noida are ensuring that students are provided absolute learning resolution in the variety of programs. If you are wondering how variants of MBA regulate, then, it needs to be taken into account that MBA programs make aspirants in few different aspects of business. These aspects range from accounting, financing, Human Resource and marketing. Apart from these main subjects of Masters of Business Administration, there are other sub-divisions too.

For instance, the persons who want to be a Human Resource official selects MBA accordingly whereas, if accounting is being targeted for the future, then, they should give special emphasis to accounting segment for desirable output. Selection of basic components of MBA in Delhi NCR colleges is becoming shorter because the educational authorities are offering suitable brochures to the students. On the other hand, it implicates that students must also be precise in presenting their specifications connected to the selection of MBA course. On a practical note, it will not be wrong to say that your chief interests should be identified initially as they will make the entire picture clear regarding your next course of action. In a nutshell, if you want to make your position permanent in entrepreneurial sphere or similar segments, then, the processes of application ought to be planned correctly.

Role of Internship in MBA Program

Do you know the role of internship in MBA Degree? Completing an MBA course sounds cool but finishing it without any work experience makes your degree a junk. In reality, prominent companies hire only individuals with "SUFFICIENT" experience than those having none. Therefore, if you have no work experience, you will be left behind. Nevertheless, you can have chances to work with big companies not as a worker but as an intern. And that is not bad at all. If you want to be fruitful, you have to start from small things and internship is one little step that you need to achieve your profession goals.

1. Even if you previously have an MBA Degree, it is not sufficient to bring you at the top particularly if you haven't tried real business work. Thus, you have to find internship programs whether it is a paid or voluntary internship. Even if it is an unpaid one, it worth a great deal. Why? Internships offer you great experience and knowledge which you will never learn from the class as it focuses you on real world business management rather than theories and class examination.

2. While you learn new business skills in getting an MBA Degree, these skills will be improved as you face real world business works. You will be exposed deeply on oral and written business communication, leadership/team management, business presentations, real planning and real project management.

3. Internships supports in building your confidence stronger. As you will be exposed on numerous works, you will be capable to identify your strength and weaknesses. You will also learn from your mistakes that will make you infallible with your business thoughts and skills.

4. Learning from a class is completely different from learning in a real business environment. Internship will allow you feel how to work like a real businessman. Definitely, it lets you feel factual excitement and experience real challenges that will develop your strategic skills.

5. Prior to your MBA Degree, internship opens you lots of career chances. You can also have a chance to get engrossed by the company where you had your internship program. After finishing the program, you will have an opportunity to acquire a regular position. If in case you will not be absorbed, you will not worry of finding a good job as completing your internship program gives you new openings that will guarantee you great positions.

Top MBA Colleges In Greater Noida

KCC Institute of Technology & Management

Address: 2B-2C, Knowledge Park-III, Greater Noida, Uttar Pradesh 201306

Phone: 092100 65555

Major Disciplines And Benefits Of MBA

Whether it is about establishing firmly in the field of entrepreneurship or climbing high in the business world, an MBA degree is specially the need of the hour. While providing with the essential tricks and insights, the degree enables a person with the competence of managing a business organization and its succeeding departments. An MBA program which adds acumen to the interested ground of operation of a candidate helps in polishing the relative managerial skills and sure soft skills for human management as is the goal of the degree itself. The researchers conducted on the recruitment pattern of an array of employees' shows that a wide range of employment chances were obtainable to the management students within three months of their completion of the program.

The contemporary industry bent provides with the data which says that everybody from fresh graduates to post graduate students to those with some experience are becoming gradually interesting in various management programs to their likes and its relevance to their focused aim. In spite of this eclectic pursuit the biggest fault which these aspires commit is without weighing their intentions, they scurry into preparing for the exam, gathering derails from the internet. "Why MBA?" is the most important questions when preparing for these exams and has a great significance in the professional world. Therefore it is imperative to probe the vital reasons for the inclination in the degree.

Once the aspirants have secured a seat in their coveted institute, they can always pick their area of specialization. In this context here are some major disciplines for the program with their respective advantages:

-Management in Business Administration

It is an important part of MBA curriculum and includes a diversity of topics such as technology, marketing, communication and human resource management. Apart from these mentioned there is a strong focus on matters of accounting and economics which are basic in each management program.

With the flexibility of providing with independent study and group centered interaction, presentation and examination of case studies, the program introduces the applicants to the multi-dimensional necessity of the international economy. The educational program also goals at acquainting the students with special knowledge about the risks and profits which can hit a business firm.

-Management in Marketing

There are no doubts when it comes to the feasibility of effective management techniques to any business organization. It surely has a pivotal role to accomplish when it comes to enhancing the prospect of a profit. By unraveling the keen and present market trends, it empowers the students with an all new set of business thoughts to sell. Studying the special tactics, a post-graduate in marketing can reach out to the true consumers while serving the organization which employed them.

-Management in Finance and Accounting

The prospectus of the program focuses on detailed and in-depth study of theories for finance and introduces numerous principles and guidelines of accounting. Helping the business with strategies and cost control the candidates do incredible in their professions. They can also select to escalate in the banking sector which again is the most sought-after professions.

MBA College In Delhi NCR

KCC ITM - MBA B.Tech Admission 2017 in Delhi

Address: M-78, Connaught Place, New Delhi, Delhi 110001

Phone: 095990 85620