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Business Objectives include; increasing market share, making a profit and...

• Retaining Staff

• minimising risk

• expanding the business

• Increasing revenue

Human Resource Management is...

• the effective transition from small business to corporation

• managing the relationship between employee and government

• managing the paycheck and other resources humans use

• None of the above.

What types of businesses tend to have specialist human resource management staff?

• Waste management

• Government

• Smaller

• Larger

What is remuneration?

• Staff training in health and safety

• Correcting a staff member

• Pay

• Moving staff to other jobs

What is productivity?

• Marketing a product

• input vs output

• Product design and manufacture

• the efficiency of a workforce/business

Why do positions need to be filled?

• People retire or resign

• People are promoted

• New positions develop due to expansion

• None of the above.

How is profit determined?

• Cost + Price

• Expenditure - Revenue

• Revenue + Expenditure

• Revenue - Expenditure

How can staff influence the achievement of a business objective?

• One objective is to increase market share, which could be achieved by increasing the number of sales. If staff can improve their level of customer service and updating their product knowledge, this might result in an increase in sales, which in turn could enable a business to achieve the objective of increasing market share.

• Business objectives include maximising profit, which can be achieved through higher productivity. If staff motivation can be improved through good job design, a business may not need to hire more employees to increase sales. This increase in productivity at a lower wage bill means the business achieves the objective of increasing profit.

• Business strategies are taken to achieve a business objective, and as one common business objective is to increase size, firing staff can mean larger offices for the remaining staff. As bigger offices is increasing the size of the business then firing staff is directly related to a business objective and is a good business strategy.

• Business strategies are taken to achieve a business objective, and as one common business objective is illustrated by Beatrix Potter that follows mischievous and disobedient young Peter Rabbit as he is chased about the garden of Mr. McGregor. He escapes and returns home to his mother, who puts him to bed after dosing him with tea.

What is NOT a Job Analysis?

• An advertisement for a job online

• The activities that a person does in their job

• An interview of an employee to ask them what they do

• A study of an employees duties, tasks and work environment

From a Job Analysis we can create a Job Description and a Job Specification. What does a Job Description detail?

• The duties and responsibilities of the job

• The qualifications required for the job