Assessment-3

QUESTION 1. Towards which HR profile you are inclined the most? Explain
why.
Imagine a day in the life of that role and explain what roles and responsibilities you
will be performing. How do you think it is different from other profiles of human
resource management?

ANSWER :-
Human Resource Finance (HR FINANCE) is the HR profile which inclined the
most.
Human Resource Finance officer is the in-charge of overseeing the financial
transaction of a company.
It is responsible for developing budget, monitoring transactions and preparing
financial reports.
Also take care employee pay records, benefits and approval of pay-outs.

The role of HR FINANCE is to focus on allocating resources by looking at the

expenses vs. revenue incurred by departmental processes throughout the
organization.

ROLES AND RESPONSIBILITIES OF HR FINANCE :-

• Keep accurate records for all daily transactions.

• Prepare balance sheet.
• Process Invoices.
• Records account payable and accounts receivable.
• Prepare monthly, quarterly and annual financial reports.
• Reconcile bank Statement.
• Participate in financial audit.
• Track bank deposits and payments.
• Assists with budget preparation.
• Review and implement financial policies.

HR FINANCE is different from others as they basically deals with the

transactions segment of the organization instead of hiring or recruiting the
candidates for the organization as recruiting and hiring the candidates for the
organization comes under the HR RECRUITER.