Efficient organisation management and making informed financial administrative decisions in a timely manner is only possible when there is accurate and complete information regarding current state and forecast for organisation’s financial situation. The tool that makes it possible for an entity to present the series of planned and systematically organised financial events and transactions (revenues and expenditures) for the given time period is the budget.
The key factor influencing the performance of any enterprise is its staff.
Work motivation issues become more relevant and important from practical perspective. Work motivation is directly related to the needs of any person, as the prerequisite of his/her involvement into operating activities and the way to the best settlement of social problems.
Modern business situation, peculiarities of modern economy demand new, and most importantly, effective approaches to human resources management. Together with functional and project approaches, which are used in management to a greater or lesser extent, quite efficient approach to establishing HR management system in the company becomes HR marketing.
All business owners, managers and employees that bid to become efficient must have target setting skills. Target-setting has been used for years in large, medium and small businesses to improve manageability and transparency of enterprise business processes, and to plan and monitor staff performance productivity and efficiency.
Any business project is based on understanding its efficiency from perspective of its being in demand and profitability. However, currently there is no single formula for calculation of efficiency for HR project systems.
The work of a hockey coach is to coach people, not hockey. Therefore, personal goals of players are of crucial importance. Players cannot achieve something that is not clear for them. Players cannot learn something what they do not want.