Management of Human Resource Assignment Example | Topics and Well Written Essays - 250 words

Management of Human Resource - Assignment Example A company with a good HRM that ensures recruiting the best employees, retaining the best performing workforce and awarding them may have an edge as far as competitive advantage is concerned (Jackson, Schuler & Werner, 2012). Companies such as Apple have been able to retain their best employees and ensuring competitive compensation. This has made the company have a competitive advantage in the mobile phone industry. Planning is essential to gaining a competitive advantage. Human resource management ought to proficiently make strategic plans that will sustain the firm for decades. Planning is essential since it ensures building of the capacity and capability of the employees (Jackson, Schuler & Werner, 2012). This may play an integral role in achieving full potential. Planning may further help in achieving a competitive organization behavior, making significant decisions such as hiring experienced professionals, determining competitive pay and tactics, determining competitive training programs and ensuring employee relations. To members of the organization, human resource management should deal with issues that may improve employee compensation, creating a good working environment and issuance of long term contracts hence boosting employees’ morale and raising their confidence (Jackson, Schuler & Werner, 2012). Further, human resource management should work towards the business continuity, boost financial returns and build an attractive business name that can impress or rather reward the company owners or investors. In addition, customers’ issues should be prioritized by the human resource management by encouraging innovativeness, lowering prices of products and ensuring both reliability and quality (Jackson, Schuler & Werner, 2012). Human resource management should also strive to adapt an organized problem solving ability among employees as well as raising trust among the employees. This may have an overall advantage on the company

Risk and Compliance Evaluation Essay Example | Topics and Well Written Essays - 4000 words

Risk and Compliance Evaluation - Essay Example In fact, there are specific provisions of the Data Protection Act of 1998 and the Financial Services Authority’s Business Principles that would be violated should the Brokerage Firm forces the issue of using such concept in its operation without any proper control or safeguards. The use of Software as a Service and Cloud computing would also expose the Brokerage Firm to be open to Breach of Confidence legal actions. To prevent such legal actions it is strongly advised that the Retail Investment Brokerage Firm adopt an Information Security Management System that will provide the controls that will protect the information of the clients. The implementation of an Information Security Management System would make the Brokerage Firm diligent in the protection of its client’s information. ... The operational possession of client information requires a huge amount of responsibility since any unauthorized release of information would cause undue harm or it can expose the client to dangers (Marshall, 2001). Even the European community in general has recognized the right to privacy of financial information as a right not to be trifled with. The Parliament of the United Kingdom has passed the Data Protection Act of 1998 to safe guard against such unauthorized intrusion to the lives of its subject. While the Financial Services Authority that is tasked to govern organizations that provides financial service to select clients have mandated several edict that aims to protect the clients of organization providing financial services. The financial services and the information technology industry also responded in kind by delivering a set of standards that can be used as framework with the sole purpose of protecting client data (Davidson, 2010). The advent of technology not only made it easier to bring enormous profit or revenue to the financial services organization’s clients it also made it easier to procure information that could adversely affect the life of its owner. The delicate balance between what is permissible exposure to threat in the face of enormous profit at the soonest possible time made it mandatory for financial services organization to manage the risks involved (Snedaker, 2007). The internet has spawned several innovations that would increase productivity in the same manner that it would raise the revenue for the client of the Retail Investment Brokerage firm. One such innovation is the Software as a Service concept or simply SaaS (Adler & Benoiff, 2009). Companies wishing to have the flexibility with the number of users that uses