What are all the roles i have to play to become a professional HR and Finance Executive?

Hello friends,

I am appointed as an HR and Finance Executive in a small IT company. At present, we only have 6 employees, and I am the only HR and Finance Executive. Please guide me on all the roles I have to play to become a professional HR and Finance Executive. I am a B.Com Graduate with little knowledge of HR and Finance. My manager appointed me because he trusts me, and he has assigned me this job to perform. Please help me. I have pursued little knowledge of HR and Finance and hope I can manage it. It is a challenging job for me.

Please reply.

Thanks in advance, Vasista

Hi Vasista,

As per my knowledge, in your company, 6 employees are working there. With only 6 employees, you can't effectively implement HR policies or activities. Consider implementing tasks such as payroll system, MIS reports, attendance maintenance, recruitment and selection per management instructions, conducting training programs for existing staff, organizing recreational activities (e.g., birthday parties), and exploring the option of privatizing the company. If your company has not been privatized yet, begin working on the process to become a private limited company. For more information on this, please email me at sharaan47@gmail.com.

Regarding your HR role, focus on learning and gathering more articles to develop your attitude and communication skills. You can find information related to HR activities on CiteHR Friends. Gain knowledge in performance appraisal, attrition, retention, HR scorecard, grievance handling, and the recruitment process.

Start your HR work step by step without getting overwhelmed. As you delve into this subject, you will become more confident and assertive.

All the Best!

Regards,

Saravana

Executive - HR

As an HR and finance executive at a small finance company, your responsibilities would likely include:

Human Resources:

- Recruiting and hiring new employees, including posting job listings, conducting interviews, and onboarding new hires
- Developing and implementing HR policies and procedures to ensure compliance with labor laws and regulations
- Managing employee benefits and compensation, including negotiating and administering health insurance, retirement plans, and other employee benefits
- Providing guidance and support to employees on HR-related issues, such as performance management, conflict resolution, and personal and professional development
- Conducting performance evaluations and managing performance improvement plans for employees
- Developing and implementing employee training programs
- Maintaining accurate employee records and information

Finance:

- Developing and managing the company's budget and financial plans
- Overseeing the company's accounts payable and receivable, including reconciling bank statements and processing invoices
- Preparing financial reports and providing regular updates on the company's financial performance to senior management
- Analyzing the company's financial data and making recommendations for cost savings and revenue growth
- Negotiating and managing contracts and relationships with suppliers, vendors, and customers
- Overseeing the company's compliance with tax laws and regulations
- Developing and implementing internal financial controls to ensure the accuracy of financial data and prevent fraud.

In a small finance company, it's important to be highly organized, detail-oriented, and able to multitask effectively. Strong communication skills are also important, as you will be working with a variety of stakeholders, including employees, customers, vendors, and senior management.