CONTROL PROCESSES IN HUMAN CAPITAL MANAGEMENT USING PERFORMANCE BENCHMARKING

Cosmin Șerbănescu, Adrian Vintilescu-Belciug, Lăcrămioara Corcheș and Daniela Crețu
Additional contact information
Cosmin Șerbănescu: National Institute of Internal Control, Bucharest, Romania
Adrian Vintilescu-Belciug: National Institute of Internal Control, Bucharest, Romania
Lăcrămioara Corcheș: National Institute of Internal Control, Bucharest, Romania
Daniela Crețu: National Institute of Internal Control, Bucharest, Romania

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 288-297

Abstract: Human resources control is a methodical process based on decision-making tools and takes into account the evolution of an organization‘s internal and external environment. The tools and procedures used in this process do not always allow for frequent performance evaluations that would be needed in order to identify useful trends.The difficulty is especially noticeable in case of companies or institutions where the processes are not formally defined and in which the working time is explicitly determined. Similar situations can be found in areas where internal control is less developed or where effective monitoring is not carried out consistently. The organizations with an insufficiently developed internal control system perform less frequently analyzes and control processes specific to human resources. Suitable tools are also needed within the organizations which have not implemented an adequate internal control system to help managers to identify and implement specific actions according to the organizational context at a certain point in time. The authors have defined and compared three quantitative analysis tools that can form the foundation for rapid redesign of human resource needs by implementing internal benchmarking. The methods provide managers and internal control practitioners with the possibility to quickly implement specific human capital minimal processes (e.g in planning or redesigning areas) that are neccesary to make real-time decisions, especially in the public sector.

Keywords: human resources redesign; internal control; linear optimization; human capital (search for similar items in EconPapers)
JEL-codes: C61 J24 O15 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol4i1p288-297.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:4:y:2017:i:1:p:288-297

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().