What is the role of finance in MBA in HRM?
Asked by Aman
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You need to elaborate on your question as it is not clear what do you want to ask.
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Your question is a bit confusing but I will answer in general the role of hrm and its financial aspects. HRM helps organizations to effectively and efficiently use their manpower for achieving organizational goals. They are involved in activities like recruiting, hiring, managing, compensation management, and many more. Compensation management can be termed as the financial part of hrm, where the salaries or the wages are given on the basis of job description or work done.
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Your question is a little confusing. But I think my answer will give you a generalized answer, in the one hand finance in MBA help you in career building with the financial aspects of business like accounting, valuation of funds, and risk management. On the other hand, MBA in hr is responsible for administration, recruitment, negotiation conflict management related. If you are asking about the MBA finance role in human resource management, I feel MBA finance knowledge is goona play vital in HRM, especially knowledge of finance gives you the upper hand in negotiation and also during employees appraisal time an HRM manager with finance k...more
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The major roles in HRM are administrative, change management, and people management. HRM does not usually deal with finance except regarding payroll for employees, which is included in the administrative role.
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