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The table contains data about a business in 2014 and 2015 - HSC - SSCE Business Studies - Question 25 - 2015 - Paper 1

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The table contains data about a business in 2014 and 2015. Use the information in the table to answer parts (a)–(b). - Absenteeism per employee - 2014: 10 days ... show full transcript

Worked Solution & Example Answer:The table contains data about a business in 2014 and 2015 - HSC - SSCE Business Studies - Question 25 - 2015 - Paper 1

Step 1

To what extent is human resources management effective in this business?

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Answer

Human resources management in this business can be seen as partially effective, but there are areas that raise concerns. The increase in absenteeism per employee from 10 days in 2014 to 18 days in 2015 may indicate employee dissatisfaction or issues with engagement. Additionally, the number of accidents per 1000 employees also increased from 20 to 25, highlighting potential safety concerns that may need to be addressed.

On a positive note, the training expenditure per employee dropped significantly from 2000to2000 to 500. This might limit employees' skill enhancement opportunities, which can lead to decreased job satisfaction in the long run.

Moreover, the staff turnover rate improved from 10% in 2014 to 5% in 2015. This suggests that once employees are onboarded, they tend to stay longer, indicating some success in retention strategies.

Overall, while there are positive trends in staff turnover, the increase in absenteeism and accidents, alongside reduced training expenditure, indicate that human resource management may not be fully effective.

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