departmental functions Flashcards
list the main functions of the human resource department
workforce planning
recruitment and selection
training
health and safety
staff welfare
employment issues
industrial relations
disciplinary and grievance procedures dismissal and redundancy
define market-oriented
focusing on consumer needs when developing products
what is workforce planning
calculating the number and type of employees required
what is redundancy
dismissing employees due to increased labor costs, following strict procedures
define contracts of employment
written agreements between employer and employee outlining obligations
how does hr handle health and safety
ensures staff are protected with required equipment and follows regulations
what is cash flow forecasting
predicting cash inflows and outflows to manage finances effectively
list main activities of the finance department
recording transactions
cash flow forecasting and budgets
accounts preparation
managing wages and salaries
credit control
what is credit control
ensuring debts are paid and customers pay on time
list functions of the marketing department
market research
product planning
pricing
sales promotions
advertising
customer service
public relations
packaging
distribution
how does the marketing department use advertising
purchases media space and creates adverts to attract customers
define public relations
communication between the company and the public to build a positive image
list main activities of the production department
designing products
purchasing raw materials
stock control
maintenance
research and development
what is stock control
managing inventory levels and ensuring resources are sufficient
how does r&d support the production department
invests in innovation to create new products