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.