MBA Direct admission in HR and Finance thru Management quota

MBA Direct admission in HR and Finance thru Management quota

In this article, we take a quick look at the MBA Direct admission in HR and Finance thru the Management quota. What are the industries that offer rewarding careers to these MBAs? What are the job descriptions and salaries? What are the popular companies? Also, read Jobs you can get with a business administration specialization. Contact Ace1Guru Visit our website www.direct-mba.com Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) Read on for interesting glimpses

MBA Direct admission in HR and Finance

(MBA Direct admission in HR and Finance thru Management quota)

MBA Direct admission in HR and Finance thru Management quota. It’s no secret that in order to maintain career growth according to the traditions everyone should have higher education as well as rich experience in the respective fields. In fact, the MBA course is one of the pieces of evidence that helps to groom every individual’s career. However, getting an MBA admission in a top college is really highly competitive certainly it requires a high percentile in the entrance exam. But failing in the exam can’t ruin your dream. So, when it comes to MBA admission without appearing entrance exams such as CAT Exam, XMAT, and others. Direct MBA Admission remains only the best option for the aspirants. This admission process offers the opportunity to admit aspirants based on their merit (academic marks). But don’t forget, the direct admission process is only applicable to Private College / University except for IIMs, and other business schools which follow the entrance methodology. Below are the details of the foremost management colleges which can save your time to access the latest updates for 2019-2021 admission sessions. (MBA Direct admission in HR and Finance thru Management quota)

Why Finance and HR Should Have a Close Working Relationship- (MBA Direct admission in HR and Finance thru Management quota)

• Many organizations have a challenge in forging a good working relationship between the finance department and the human resource (H.R) department.
• Conflicts regarding the roles and goals of these departments are common in many organizations. The tension between the two departments starts with their traditional goals and perspectives. MBA Direct admission in HR and Finance thru Management quota
• The belief that the finance department is solely concerned with money or costs and the H.R department with people affects the relationship between these departments.
• Based on this outdated belief, the H.R department focuses on human capital and regards it as the most important asset.
• The finance department, on the other hand, focuses on profitability and views the H.R department as a cost unit. MBA Direct admission in HR and Finance thru Management quota
• The differing perspectives raise unnecessary tensions in an organization. Both departments must forge a close working relationship for the following reasons

Read on to Top MBA Colleges in Delhi Direct Admission by Low CMAT Score

How the Collaboration between H.R and Finance Can Improve Business

(MBA Direct admission in HR and Finance thru Management quota)

• R and finance’s ability to work together and understand each other’s role can be critical to your organization.
• In many organizations, human resources and are two distinct business areas. Helps allocate resources to support an organization’s goals, maintaining a balance between costs and revenue. H.R hires, recruits and motivates people to advance those same goals.
• This part of H.R is often an organization’s biggest expense.
• While they are two different operations, it’s important to have collaboration between H.R and within an organization. Without that, it will be difficult for those respective entities to fully support organizational objectives. MBA Direct admission in HR and Finance thru Management quota
• For an H.R and collaboration to work, several things need to be considered:
• What is the organization’s purpose, and where do these two departments fit into that?
• Does each department understand what the other does?
• What overlap (in duties, personnel, resources) exists between the two, and how can it be best capitalized upon?

Read on to: Whom Should I Contact For MBA Admission in Management Quota

The importance of a strong relationship between HR and Finance (MBA Direct admission in HR and Finance thru Management quota)

• Most people see a fundamental difference between Human Resources and; after all they represent different components of the business. People (H.R) vs. Money (Finance). This assumption couldn’t be more wrong.
• While views H.R as an unnecessary cost, H.R thinks finance is out to squeeze every penny they can find.
• The bottom line is both departments function as gears powering a larger machine. Individually each department provides services to the company, many of which overlap.
• When H.R and functions cooperatively the company moves into a new era of efficiency, production, customer satisfaction, and most importantly, profit.
• R’s objective is to hire, educate, and task a well-trained production force. A large number of programs are required to achieve and maintain this objective.
• From hiring qualified candidates and providing proper training to insurance benefits and meeting production needs; H.R requires a lot of financial information in order to perform their job at maximum efficiency.
• Say that production goals are exceeded but customer satisfaction is down, it is likely that employees are overworked, costing more money in overtime pay.
• R needs to know this information to prevent any gaps in performance. Adjusting before the problem saves the extra cost of unsatisfied customers and unprofitable overtime pay.
• Does more than just crunching numbers. They collect and calculate production and earnings information as well as customer satisfaction ratings.
• The data Finance gathers and controls (performance measurement data) is needed by H.R to make the best financial decisions.
• Without a source of relevant real-time data (Finance) H.R depends on inaccurate projection models when requesting funds for programs; making it very difficult to provide a viable return on investment data. Performance measurement data is crucial information that is required regularly for H.R to keep the company running smoothly while exceeding all performance and customer satisfaction goals.
• Initiating a cooperative environment between H.R and finance is no simple task. Someone can’t just say “work together” and it’s done.
• There have been clearly designated functional walls between them for as long as there have been separate departments.
• A new type of business is evolving, many ideas and practices that were once thought taboo or bad business have been implemented with surprising results. Some smaller companies have even merged the H.R and finance departments into one unit.
• They overlap on so many functions H.R and Finance can work most effectively as a checks and balances system.
• Payroll is an overlap function, obviously considered part of finance, H.R is responsible for the employee end of payroll.

Read on to: Direct Admission in Mumbai by Low CAT 2018 Score

(MBA Direct admission in HR and Finance thru Management quota)

Contact Ace1Guru Visit our website www.mba-guru.com  Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) Read on for interesting glimpses