Discuss the responsibility of Human Resources (HR) with regard to planning and administering pay and benefits. Also, analyze the impact of this function on the organization.
The solution explains the typical job functions that HR is responsible for - along with how the acitons impact an organization. It is the role of HR to plan for staffing adjustments and to know the labor market; to be able to effectively recruit and retain employees when needed. HR also impacts the budget processing, by providing an analysis for total employee costs for not only pay, but benefit programs as well.