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Ethical Issues In Accounting And Corporate Governance

Date post: 06-May-2015
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Staffing Human Resource Management
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Page 1: Ethical  Issues In  Accounting And  Corporate  Governance

Staffing

Human Resource Management

Page 2: Ethical  Issues In  Accounting And  Corporate  Governance

Staffing: Definition Staffing is," filling positions in the

organisation structure through identifying workforce requirements, inventorying the people available, recruitment, selection, placement, promotion, appraisal, compensation and training of needed people”

- Harold Koontz and Cyril O’ Donnel

Page 3: Ethical  Issues In  Accounting And  Corporate  Governance

Importance of Staffing Key Factor Complexities of Administration Scarcity of Personnel Cost of Developing for Conformity Training & Development Reduction of Employee Turnover Vital Assets Competitive Advantage

Page 4: Ethical  Issues In  Accounting And  Corporate  Governance

Staff Selection Process/Sub-Functions of Staffing

I Manpower Planning

II Recruitment

III Staff Selection Process

IV Training & Development

V Performance Appraisal

Page 5: Ethical  Issues In  Accounting And  Corporate  Governance

I Manpower Planning Forecasting the requirement for personnel

or employees in order to fulfill the objectives of the organisation like capacity expansion, entry into new markets and product extension including Mergers & Acquisitions programme

Planning is needed as a lot of time is needed in identifying and recruiting people with the required competence

Page 6: Ethical  Issues In  Accounting And  Corporate  Governance

II Recruitment

The process of identifying sources from where the personnel can be employed and inducing them to offer themselves as candidates

Page 7: Ethical  Issues In  Accounting And  Corporate  Governance

Sources of Recruitment

A. Internal Sources

B. External Sources

Page 8: Ethical  Issues In  Accounting And  Corporate  Governance

A. Internal Sources

Recruiting people -by way of transferring them from the other

departments or -by way of promoting them from lower jobs

or -by way of reemploying former employees

who took retirement, voluntary or by superannuation

Page 9: Ethical  Issues In  Accounting And  Corporate  Governance

Advantages of Internal Sources

1.Job Satisfaction2.High Morale3.Sense of Security4.Preparation for

promotion5.Building Loyalty6.Incentive for Hard

Work7.Improving Efficiency8.Improving Co-

ordination

9.Less labour Turnover10.Attracting Efficient

Personnel11.Simple Selection &

Placement12.Employee

Knowledge13.Lesser Training

Expenses

Page 10: Ethical  Issues In  Accounting And  Corporate  Governance

Limitations of Internal Sources Limited Applicability

Less Choice

Favouritism

Stopping New Ideas

Page 11: Ethical  Issues In  Accounting And  Corporate  Governance

B. External Sources Advertisement Employment/Placement Agencies Campus Recruitment Deputation Employee Referral Trade Unions Trade Associations/Chamber of Commerce

Self-Offer

Page 12: Ethical  Issues In  Accounting And  Corporate  Governance

III Staff Selection Process

A. Screening the Applications

B. Conduct of Selection Tests

C. Conduct of Interviews

D. Checking References

E. Physical Examination

F. Placement & Induction

Page 13: Ethical  Issues In  Accounting And  Corporate  Governance

A. Screening the Applications

Selecting the best

Rejection of Incomplete Applications

Fixing the criterion for acceptance or rejection of applications

Page 14: Ethical  Issues In  Accounting And  Corporate  Governance

B. Selection Tests

For evaluating performance, conducting aptitude test, personality test, and psychological test

Advantages of Selection Tests1. impartial Selection2. objective and reliable3. evaluating mental ability4. comparison of candidates5. knowing their attitude6. measures potential abilities7. determining suitability of candidates8. rejection of unsuitable candidates

Page 15: Ethical  Issues In  Accounting And  Corporate  Governance

Limitations of Selection Tests Not Providing Total Picture Not an Accurate Measure of Motivation Disliked by Executives Competent People are needed to conduct

the tests Purpose Defeated when Dishonest people

conduct Suitable only when large number of

Applicants are there

Page 16: Ethical  Issues In  Accounting And  Corporate  Governance

C. Interview Personal and Oral Examination

Opportunity to Study the Candidate

Testing of Communication Ability

Additional Information can be collected

Personality, Manners, Responsiveness etc., can be tested

Page 17: Ethical  Issues In  Accounting And  Corporate  Governance

D. Checking References

Testimonials from Academic Institutions

References from the Previous Employer

References from Distinguished Personalities

Page 18: Ethical  Issues In  Accounting And  Corporate  Governance

E.Physical Examination By Qualified Physicians

General Fitness

Fitness for the Job

Free from Chronic Diseases

Page 19: Ethical  Issues In  Accounting And  Corporate  Governance

F. Placement and Induction Placement is the process of assigning the

position and duties to the recruited personnel

Induction is the process of familiarising the newly recruited personnel with their immediate superiors, their team members and the organisation structure and the ethos of the organisation

Page 20: Ethical  Issues In  Accounting And  Corporate  Governance

Training & Development Training is, "a short-term process utilising a

systematic and organised procedure by which non-managerial personnel learn technical knowledge and skills for a definite purpose”-Lawrence L. Steinmetz

Development is," a long-term educational process utilising a systematic and organised procedure by which managerial personnel learn conceptual and theoretical knowledge for general purpose”-Lawrence L. Steinmetz

Page 21: Ethical  Issues In  Accounting And  Corporate  Governance

Advantages/Importance of Training & Development

Efficiency Untapped Potential Morale Knowledge Human Relation Supervision Cost Responsibility Human Assets Labour Turnover

Productivity Learning Time Standardisation Wastages Confidence Rewards Promotion Individual Growth

Page 22: Ethical  Issues In  Accounting And  Corporate  Governance

Limitations Many a Training Programme is a Waste

with Poor Trainers Bad Trainers create a Negative Impact Dislocation of Work Bad & Non-Participative Leadership can

defeat the Purpose of Training Organisations crippled by Favouritism and

Nepotism can not be Improved by Training Confusion in Recognising Skill Sets

Page 23: Ethical  Issues In  Accounting And  Corporate  Governance

Methods of TrainingOn the Job Training Apprenticeship

Job Rotation

Vestibule Training

Internship Training

Off the Job Training

Role Playing

Case Study

Sensitivity Training

Page 24: Ethical  Issues In  Accounting And  Corporate  Governance

V. Performance Appraisal Salary Hike

Promotion

Designing Training & Development

Making the Employees aware of their Potential

Extracting Better Performance

Page 25: Ethical  Issues In  Accounting And  Corporate  Governance

THANK YOU


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