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A business has been rapidly expanding and requires additional staff - HSC - SSCE Business Studies - Question 23 - 2017 - Paper 1
Question 23
A business has been rapidly expanding and requires additional staff. (a) (i) Describe ONE monetary reward that could be offered during the recruitment process. (ii... show full transcript
Worked Solution & Example Answer:A business has been rapidly expanding and requires additional staff - HSC - SSCE Business Studies - Question 23 - 2017 - Paper 1
Step 1
Describe ONE monetary reward that could be offered during the recruitment process.
Answer
A monetary reward that could be offered during the recruitment process is a salary. This payment serves as compensation for the work that staff perform and can include additional benefits such as sick leave, long service leave, and superannuation, which enhance the overall value of the salary package.
Step 2
Describe ONE non-monetary reward that could be offered during the recruitment process.
Answer
One non-monetary reward that could be offered is the 'employee of the month' award. This award serves as recognition for individual contributions and can significantly boost employee morale and motivation by highlighting their efforts within the organization.
Step 3
Outline an issue that could arise during the acquisition process.
Answer
An issue that could arise during the acquisition process is the potential for miscommunication between the existing staff and newly recruited employees. This miscommunication can lead to misunderstandings about roles, responsibilities, and expectations, potentially creating conflict within the team.
Step 4
Recommend TWO indicators that could be used by the business to measure the effectiveness of human resource management.
Answer
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Employee Satisfaction Surveys: These surveys can help gauge the morale and satisfaction levels of employees, indicating the effectiveness of HR practices in meeting their needs.
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Staff Turnover Rates: Monitoring turnover rates can provide insight into employee retention and the overall health of the workplace culture, reflecting on the success of HR management strategies.