Consulting Project for Rising Sun Academy: Financial Management and Human Resource Management

Abstract

The financial management and human resource management of low fee-paying private schools is often neglected because the focus is mostly on government and high fee-paying private schools. Rising Sun Academy is a low fee-paying private school, and the school’s goal is to cross the chasm by moving from an ineffective to an effective human resource and financial management system. The sampling method used to obtain respondents for one-on-one and focus group interviews is the snowballing technique. The outcome of the research study demonstrates the main human resource and financial management problems of Rising Sun Academy. The paper discusses the solutions touching on their viability, desirability and feasibility, the implementation plan and the key success factors and indicators. The research depicts the high employee turnover rate and the late payment and non-payment of school fees as the problems of Rising Sun Academy. The research outcome suggests an employee motivation plan handbook and instalment plan system for both problems.