Financial Ratios and Human Resource Management Best Practices

Financial Ratios Summary

Fund of Operation:

• AC - PC: The company has working capital, is in financial and asset balance, is not in default, and has no problems dealing with short-term debt.

Ratio of Availability:

• Available / PC: If the ratio is between 0.1 and 0.3, there are idle resources available.

Liquidity Ratio:

• AC / PC: If the ratio is between 1.5 and 1.6, the company has a revolving fund and is not in default.

Ratio of Warranty:

• Total Assets / Total Liabilities: If the ratio is 2, the company is in bankruptcy and cannot guarantee payment of its debts to creditors.

Human Resource Management

Human resources are managed for any organization and business. It is essential to have an area responsible for the administrative functions of staff, staff legal functions, and relationships that are created in the enterprise. Staff training is important because it allows the staff to adjust to changes.

Department of Human Resources

1. Organization and Personnel Planning:
   • Planning templates
   • Designing jobs
   • Defining roles and responsibilities
   • Providing staff responsibilities
   • Analyzing compensation systems
   • Internal promotion
2. Selection and Recruitment: A successful company can rely on it. It is valued not only for what has been done but also for what you can do. "The company is a whole" and the worker will be part of that whole.
3. Personnel Administration: To perform all procedures involving personnel in the company.
   • Selection of contract
   • Form of contract
   • Processing of payroll and social security
   • Control of rights and duties of the worker

Employee Rights and Duties

Rights:

• Weekly rest (1.5 days per week)
• Paid annual leave (30 calendar days)
• Non-discrimination in employment for any reason

Duties:

• To comply in good faith and with diligence obligations under the workplace
• Observing health and safety measures
• To help improve productivity
• Respect the power of the employer's address

Human Resources Training

Its purpose is to adapt to changes and technological advances. The company can provide training both within and outside the company. Good training is a cost; we must seek balance.