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Labour turnover is the ratio of the number of employees leaving a company to the total number on the payroll in that period. Which of the following costs does not arise as a result of labour turnover?
A. Redundancy Cost
B. Separation Cost
C. Replacement Cost
D. Training Cost
E. Learning Cost
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The finance department in your company recently refused to allocate funds to the human resources department to cater for the health and safety needs of employees, arguing that it is a waste of funds.
Suggest FOUR reasons to the finance department why it is necessary to allocate the funds. (12 marks)
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a) Sections 10 and 11 of the Labour Act 2003, Act 651 explicitly state the rights and duties of employers and employees to facilitate a harmonious working relationship between the two parties.
Required:
State FIVE (5) duties of both the employers and employees as stated in the Labour Act.
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b) Training presents a prime opportunity to expand the knowledge base of all employees, but many employers find the development opportunities expensive.
Despite the potential drawbacks, training and development provide both the company and the employee with benefits that make the cost and time a worthwhile investment.
Required:
Outline THREE benefits to be derived from training and development by
i) a company and
ii) an employee.
(6 marks)
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b) Businesses use Management Information Systems (MIS) in their operations. Illustrate with ONE example each of how businesses use MIS in the following functional areas:
i) Finance and Accounting
ii) Manufacturing and Production
iii) Sales and Marketing
iv) Human Resource Management
(16 marks)
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d) The staff of every organisation is a key element for organisational success. Employing the ‘right’ people is therefore essential. A systemic approach to recruitment and selection should be followed.
Required:
Identify FOUR steps in the recruitment process.
(4 marks)
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Find Related Questions by Tags, levels, etc.
Labour turnover is the ratio of the number of employees leaving a company to the total number on the payroll in that period. Which of the following costs does not arise as a result of labour turnover?
A. Redundancy Cost
B. Separation Cost
C. Replacement Cost
D. Training Cost
E. Learning Cost
Find Related Questions by Tags, levels, etc.
The finance department in your company recently refused to allocate funds to the human resources department to cater for the health and safety needs of employees, arguing that it is a waste of funds.
Suggest FOUR reasons to the finance department why it is necessary to allocate the funds. (12 marks)
Find Related Questions by Tags, levels, etc.
a) Sections 10 and 11 of the Labour Act 2003, Act 651 explicitly state the rights and duties of employers and employees to facilitate a harmonious working relationship between the two parties.
Required:
State FIVE (5) duties of both the employers and employees as stated in the Labour Act.
Find Related Questions by Tags, levels, etc.
b) Training presents a prime opportunity to expand the knowledge base of all employees, but many employers find the development opportunities expensive.
Despite the potential drawbacks, training and development provide both the company and the employee with benefits that make the cost and time a worthwhile investment.
Required:
Outline THREE benefits to be derived from training and development by
i) a company and
ii) an employee.
(6 marks)
Find Related Questions by Tags, levels, etc.
b) Businesses use Management Information Systems (MIS) in their operations. Illustrate with ONE example each of how businesses use MIS in the following functional areas:
i) Finance and Accounting
ii) Manufacturing and Production
iii) Sales and Marketing
iv) Human Resource Management
(16 marks)
Find Related Questions by Tags, levels, etc.
d) The staff of every organisation is a key element for organisational success. Employing the ‘right’ people is therefore essential. A systemic approach to recruitment and selection should be followed.
Required:
Identify FOUR steps in the recruitment process.
(4 marks)
Find Related Questions by Tags, levels, etc.
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