Compensation – Knowsia

BMIS – L1 – E19 – HR – Other human resources functions

Define 'Compensation' in the context of employment.

Question

The strategy and structure of compensation programmes have important implications for businesses and their ability to create and sustain competitive advantage.

Required:

(a) What is meant by ‘Compensation’?

(b) State FOUR characteristics of an effective compensation system.

(i) Direct compensation

(ii) Indirect compensation.

Answer

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Tags: Compensation, direct compensation, Employee Benefits, HR Strategy, indirect compensation
Level: Level 1

Topic: HR - Other Human Resources Functions

BMIS – L1 – QE16 – HR – Training and Development

State five benefits of training and development for an organization.

Question

There have been many instances where accountants have found themselves in conflict with human resource managers over investing huge financial resources in the training and development of employees. Some accountants consider such investment as wasting of resources.

(a). State FIVE benefits of training and development of employees to an organisation.

(b). State FIVE reasons you believe it would be in the interest of every organisation to remunerate its employees well.

Answer

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Tags: Compensation, Employee motivation, HR Strategy, Productivity, Retention, Talent Attraction
Level: Level 1

Topic: HR - Other Human Resources Functions

BCL – L1 – Q48 – Employment Law

Can probationary and casual workers at Apex Preparatory Academy succeed in a legal action for unfair termination compensation?

Question

Zuri Osei and Ofori Nartey were employed by Apex Preparatory Academy to teach Mathematics and Social Science, respectively. By the terms of their employment, the two were to be on probation for eight (8) months before they could be fully appointed. Similarly, Amo Quaye and Kofi Yeboah were engaged by the school as casual workers charged with the responsibility of keeping the school compound and classrooms clean. After the period of probation, the school authorities informed Zuri Osei and Ofori Nartey that the school was not interested in giving them permanent appointments because of unsatisfactory performance. On the other hand, Amo Quaye and Kofi Yeboah had their appointment terminated without any reason. The four (4) workers intend to take legal action against the school for compensation, accusing it of unfairly terminating their respective appointments.

Required:

Explain whether the workers will succeed in their respective intended legal action.

Answer

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Tags: Casual Workers, Compensation, Employment Law, Labour Act, National Labour Commission, Probation, Unfair Termination
Level: Level 1

Topic: Employment Law

BCL – L1 – Q44 – Leave and Restrictive Covenant

Advise on employee's breach of contract by working for competitor during leave.

Question

(a) Kofi Mensah, a member of staff in your auditing firm requested for and was granted part of his annual leave by management. Thereafter, he submitted a resignation letter to management. A week into his leave, management recalled him in writing to conduct an important exercise. He replied saying that he was unable to come to work. It has been confirmed that Kofi Mensah was unable to return to work because he had started work with a competitor firm.

The service conditions prohibit any worker from working with a competitor within two years after terminating their contract of employment with your firm. Management has referred the issue to you for your advice in reference to the Labour Act, 2003, (Act 651) and other relevant laws.

(b) Discuss two (2) remedies available to those who have been subject to unfair dismissal.

Answer

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Tags: Compensation, Labour Act, Reinstatement, Remedies, Unfair Dismissal
Level: Level 1

Topic: Employment Law

BCL – L1 – Q25 – Tort

Explain the significance of tort law and its differences from contractual obligations.

Question

What is the significance of tort law, and how does it differ from contractual obligations?

Answer

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Tags: Civil Wrongs, Compensation, Contract Law, Legal Liability, Tort
Level: Level 1

Topic: Tort

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BMIS – L1 – E19 – HR – Other human resources functions

Define 'Compensation' in the context of employment.

BMIS – L1 – QE16 – HR – Training and Development

State five benefits of training and development for an organization.

BCL – L1 – Q48 – Employment Law

Can probationary and casual workers at Apex Preparatory Academy succeed in a legal action for unfair termination compensation?

BCL – L1 – Q44 – Leave and Restrictive Covenant

Advise on employee's breach of contract by working for competitor during leave.

BCL – L1 – Q25 – Tort

Explain the significance of tort law and its differences from contractual obligations.

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BMIS – L1 – E19 – HR – Other human resources functions

Define 'Compensation' in the context of employment.

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BMIS – L1 – QE16 – HR – Training and Development

State five benefits of training and development for an organization.

You're reporting an error for "BMIS – L1 – QE16 – HR – Training and Development"

BCL – L1 – Q48 – Employment Law

Can probationary and casual workers at Apex Preparatory Academy succeed in a legal action for unfair termination compensation?

You're reporting an error for "BCL – L1 – Q48 – Employment Law"

BCL – L1 – Q44 – Leave and Restrictive Covenant

Advise on employee's breach of contract by working for competitor during leave.

You're reporting an error for "BCL – L1 – Q44 – Leave and Restrictive Covenant"

BCL – L1 – Q25 – Tort

Explain the significance of tort law and its differences from contractual obligations.

You're reporting an error for "BCL – L1 – Q25 – Tort"

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