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Bank Exam » Bank Exam Study Materials » Important Bank and Finance Acts » Role of Manager
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Role of Manager

The Manager plays a significant role in determining and managing the activities in any department.

Table of Content
  •  

Role of Manager:

A person who manages the activities of others at different levels and performs functions with proper skills like planning, communicating, executing plans, staffing, directing, and controlling.

The role of the Manager is very vital for running any organisation smoothly and achieving the goals with other members of the team.

Categories of Manager:

The roles of managers are divided into 3- broad-ranging categories:-

  • Interpersonal
  • Informational
  • Decisional
  • Interpersonal:

The interpersonal role of Manager is about interacting with people in and out of the organisation.

The interpersonal category is also sub-divided into Figurehead, Leader, and Liaison.

  • Figure Head: Manages the role of attending social functions, also involving employees in social positions, greeting outsiders, awarding their outstanding workers.
  • Leader: Leads and motivates his team workers or employees in a project. The leader manager manages the performance of the workers of the organisation.
  • Liaison: Acts as a connecting link or mediator between the organisation and the outside organisation. He needs to communicate effectively on behalf of the organisation.
  • Informational:

The role of Manager is to serve as a centrepiece for the exchange of information.

The informational Manager is subdivided into Monitor, Dissemination, and Spokesperson.

  • Monitor: The role of a manager is to monitor, scan his surroundings and keep a check on information.
  • Disseminator: The role of Manager is to collect and spread the information within the organisation.
  • Spokesperson: The role of the Manager is to represent his organisation and transmit information about the organisation, its goal, and actions to an outsider organisation.
  • Decisional:

The role of the Manager is to choose the most appropriate alternative out of all the available options to achieve an objective.

Decisional is subdivided into Entrepreneur, Disturbance Handler, Resource Allocator, and Negotiator.

  • Entrepreneur: Considering risk in the outcomes of action involved, take the initiative and make changes and improve the activities.
  • Disturbance Handler: Tackle disturbances like unexpected crises employees strike in order to maintain the normal functioning of the organisation.
  • Resource Allocator: The role of the Manager is to allocate the resources like human, physical and financial and also divide the work among employees.
  • Negotiator: The role of Manager is to bargain and negotiate with outsider interest groups and inside employees.

Role of HR Manager: 

The role of HR manager is as follows:

  1. The role of HR manager is to manage various departments across the organisation to improve their productivity.
  2. The role of HR manager is hiring the right and new talented candidates.
  3. The role of HR manager is to maximise their return on investment. HR managers need to upskill new talented candidates.
  4. The role of an HR manager is to create a desire in other employees to excel at their work by rewarding employees.
  5. HR creates a positive environment for the employees by planning events to avoid any stressful atmosphere in the organisation surrounding.
  6. HR resolves the conflict between the employees after listening to both parties without being biased.

Role of Financial Manager:

  1. The role of a financial manager is to take care of all the essential financial functions of an organisation.
  2. The role of a financial manager is to ensure that the funds are utilised in the most efficient manner.
  3. Profit planning by a Financial Manager is essential for the survival of an organisation.
  4. The role of financial Manager is crucial as their actions are directly proportional to the growth and profit of the organisation.

Role of Project Manager:

  1. The role of Project Manager is to oversee a project.
  2. Role of Project Manager ensures the project is within the budget of the organisation and is delivered on time.
  3. The Project Manager leads the team, so the project manager has to be excellent in communication and creating positivity among team members.
  4. The role of Project Manager is to maintain the project correctly even after the project is done.
  5. The project Manager collects the data and analyses project progress.

Role of Human Resource Management:

The primary role of human resource management are as follows:

  1. Hiring people to perform tasks involves posting jobs to a salary package.
  2. Part of Human Resource Management is to ensure the safety of workers in the workplace.
  3. The role of Human Resource Management is to develop new skills as a result of training and development organisations get higher productivity.
  4. Human Resource Management makes sure that the compensation meets enough dedication of the employee’s work.

Conclusion:

Good managers are not born; it’s an ongoing process where you improve and practice the behaviour, methods, and techniques of experienced and successful managers. Managers go through many ups and downs. Sometimes it can be challenging for the managers as their actions are directly proportional to the success of the team and the organisation led by the Manager. Hence it is essential to increase positivity among workers, motivating and supporting your workers as it brings more productivity in favour of the organisation.  

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