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The Human Resources Manager (HRM) seeks to ensure that the workforce contribute effectively to an organisation's goals - Leaving Cert Business - Question 6 - 2003
Question 6
The Human Resources Manager (HRM) seeks to ensure that the workforce contribute effectively to an organisation's goals. (A) Outline the functions of a Human Resourc... show full transcript
Worked Solution & Example Answer:The Human Resources Manager (HRM) seeks to ensure that the workforce contribute effectively to an organisation's goals - Leaving Cert Business - Question 6 - 2003
Step 1
Outline the functions of a Human Resource Manager
Answer
A Human Resource Manager performs various essential functions within an organization, including:
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Manpower Planning: This involves assessing the current workforce and forecasting future human resource needs to ensure the organization meets its goals.
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Recruitment and Selection: HRM is responsible for designing recruitment strategies to attract and select suitable candidates for job vacancies, ensuring that the organization has the right talent.
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Training and Development: Providing ongoing training and development opportunities is crucial for employee growth and to ensure skills meet market demands.
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Performance Appraisal: HRM conducts performance reviews to evaluate employee performance, provide feedback, and identify areas for improvement.
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Employee Relations: HRM fosters a positive workplace culture by addressing employee grievances, conducting negotiations, and managing employee morale.
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Compensation and Benefits Management: They design and manage reward systems, including salaries, bonuses, and employee benefits to maintain competitive compensation practices.
Step 2
Discuss the benefits of teamwork in a business organisation
Answer
Teamwork is imperative for organizational success and offers several benefits:
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Enhanced Collaboration: Teams encourage collaboration among members, encouraging the sharing of diverse ideas and perspectives.
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Increased Efficiency: By dividing tasks and collaborating, teams can accomplish projects faster than individuals working alone.
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Boosted Morale: Working in teams can improve job satisfaction and morale, creating an enjoyable work environment.
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Skill Development: Teamwork helps members develop new skills by learning from each other through collaboration and feedback.
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Accountability: Teams promote accountability, as members depend on each other to complete tasks, leading to higher quality outcomes.
Step 3
Explain five different methods of reward for employees in a business organisation
Answer
Organizations can use several methods to reward employees for their contributions:
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Time Rate: Employees are paid a fixed amount per hour for their work, ensuring consistent income without performance links.
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Piece Rate: Compensation is based on the number of units produced, motivating employees to increase productivity.
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Profit-Related Pay: Employees receive bonuses linked to the company's profits, incentivizing them to contribute to organizational success.
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Commission: Common in sales, employees earn a percentage of the sales they generate, linking pay directly to performance.
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Employee Share Ownership Scheme: Employees receive shares in the organization, aligning their interests with the company’s performance and enhancing loyalty.