Thursday 17 July 2014

Role of a Resource Manager (RM) ( #Resourcing #Talent Management)

Role as a Resource Manager

The key role of RM is Deployment & Staffing. RM are responsible for deploying practitioners while balancing the following factors:

·               Understanding our Business
·               Knowing our Client Needs
·               Maximizing Utilization
·               Balancing the Goals, Interests and Development of our people
·               Help leadership in making decisions by providing timely information and correct reporting.
·               Partner with leadership to help make the best deployment decisions and can better serve them with a basic understanding of the financials.
·               Resource management professionals have a direct impact on the financial performance as a practice.
·               Watch for unethical behavior and raise it to the attention of leadership. Example: Project manager asks a resource/professional to reverse a large number of chargeable hours for a project that is over budget.

Resource Management and Financial Impact

There are five key drivers which determine our financial performance:

·               Staff Size — How many resources we have on staff?
·               Billing Rate — How much we charge for each resource’s time?
·               Utilization — How busy is each resource during the year split into periods and weeks?
·               Realization — How much do we actually bill and collect for the work we do?

·               Overhead Cost — How much does it cost to run the business?

In our next post, we will discuss these key drivers in details. Stay tuned.

©2014 - TheHumanCapital

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