Human resource management is not enough without strategic planning for people. Almost every big business has a long-term plan to make sure it does well. Organizations create a set of financial strategies, and occasionally a set of human resource strategies, to ensure success. Companies use the term “Strategic Talent Management” to describe the integration of …
Top 12 – Importance of Strategic Human Resource Management Read More »
Human resource management wouldn’t be enough without planning for how to use people strategically. Almost all businesses have some kind of long-term plan to help them reach their goals. Organizations often make plans for their finances to make sure they will reach their goals, but not as many make plans for their employees. Strategic HR …
Businesses must be able to deal with and manage their exposure to changes in currency. Both banks and businesses have to deal with foreign exchange risks, but they do so in different ways. FX risk, or foreign exchange risk, is the possibility that changes in exchange rates could hurt a company’s bottom line. It is …
Top 10 – Importance of Foreign Exchange Management Read More »
It is more specifically a set of rules that lets the Reserve Bank of India and the Government of India make rules about foreign exchange that are in line with India’s plan for international trade. Not until 1973 did the Foreign Exchange Regulation Act (FERA) become a law. At midnight on December 31, 1973, the …
Changes in currency can be very bad for businesses that don’t have a plan for what to do if something goes wrong. This could cause prices to go up, sales to go down, and the profit margin to get smaller. It is suggested that the company write and keep track of a policy statement that …
