Written by: Signidha Chaudhary - 30047, Grade VI
Posted on: 29 January, 2024
During our parents' talk, which was a few weeks ago, we got to learn about financial literacy. Financial literacy is the amount of money someone has and how it is managed. It helps support our various life goals, such as saving for education, retirement, running a business, and using debt responsibly. Some principles of financial literacy are: protect, save, borrow, earn, and invest. Financial literacy helps people weigh options and make better decisions in financial situations. The person who was there for our parents talk was in the human resources department, which is important for every organisation.
All of the people who make up the workforce of an organisation are called human resources. The human resource management takes care of the salary, recruitment, which fills the gap with another person after one leaves, and making sure that the people in the management get upgraded with their knowledge. Human resource management also takes care of issues with disciplinary actions. Some of the main functions of human resources are: hiring, training, organisational design, benefits, performance management, succession planning, and retention management. They also make sure that the employees are happy and well supported to do their job well. The highest position in human resources is VP of Human Resources, as their actions can affect an entire organisation.
