Human Resource Management-Research Project Research Paper - 1

Human Resource Management- Project - Research Paper Example Global organizations should engage in the best practices with regards to the people side of the organization because they can be a source of competitive advantages that can help them survive the mounting pressures of the fast-changing global business environment. Following a promotion that put me in charge of a junior employee at the City Bank, I have been tasked to recruit a replacement to my former Head of Finance position and to oversee the new recruit in discharging bank’s goals and objectives. After a thorough job analysis, I have developed a detailed job description, recruiting plan, Selection strategy (including testing and interviewing), performance evaluation, motivation, employee training, and development. Job Description City bank is a leading financial institution that seeks to recruit a self-driven and experienced Head of Finance; the successful candidate will take charge of the financial management function of the bank ensuring the establishment of appropriate fi nancial plans that will secure the bank’s assets from potential loss. The individual will be responsible for ensuring the bank has appropriate policies and processes and their optimal controls, and carrying out analyses and financial projections in support of the bank’s strategic growth, generate the annual financial budgets and monitoring of the bank’s progress versus these goals. The job also entails maintaining comprehensive yearly cash-flow forecasts, carrying out strategic financial analyses, ensuring the bank’s compliance with regulatory laws, maintaining good relationships with suppliers and other service providers, and supporting external auditing processes. In addition to that, the individual will develop and execute investment plans to ensure maximization of outcomes, continually review and upgrade the accounting systems and procedures in line with the bank’s operating systems, manage and optimize the IT platform to ensure efficiency in d ata keeping and retrieving. Recruitment Plan The key guidelines for the recruitment plan are the specific skills and competencies that are desirable for the position of the Head of Finance position in the bank, advertising mechanism, and the applications evaluation criteria. Applicants must have a Degree in accounting or financial management and at least 10 years’ worth of experience in financial services; desirable skills for the job include financial accounting, planning, and management expertise. Apart from that, prospective candidates must also be experienced in the development of banking policies and procedures, budgeting and budgetary controls. Knowledge of tax laws and regulations, excellent IT skills and in-depth knowledge of accounting software and staff management, development and discipline skills will be an added advantage.