Human Resource Management
Which department is responsible for recruiting and hiring employees?
Human Resource Department
Who establishes workers' welfare laws?
The government
What is the main role of the Accounts Office?
Managing the financial transactions of an organization.
What financial institution regulates the money supply in a country?
The Central bank
What is the first thing that should be done before making a cash payment?
Verify the amount to be paid.
Name one function of the HR Department.
Recruitment, payroll, training, performance management, employee relations, compliance.
State one benefit of workers' welfare legislation.
Protection of workers' rights, improved working conditions, fair wages, job security.
Name one function of the Accounts Office.
Payroll, budgeting, bank reconciliation, preparing financial statements, managing accounts payable and receivable.
What is the difference between wages and salary?
Wages are paid based on hours worked; salary is a fixed amount paid regularly
Which type of payment requires the payer to enter banking details electronically?
Electronic Funds Transfer (EFT).
What is the main responsibility of an HR Clerk?
Supporting daily HR administrative tasks and maintaining employee records.
Which legislation ensures employees work in safe and healthy conditions?
Occupational Safety and Health Laws.
Which document is issued as proof that money has been received?
Receipt.
A worker earns $20 per hour and works 5 overtime hours at time-and-a-half. How much overtime pay is earned?
$150.
What type of cheque has two parallel lines and must be deposited into a bank account?
Crossed Cheque.
State two qualities of an effective HR Clerk.
Confidentiality, attention to detail, communication skills, organization skills, professionalism.
What is labor turnover?
The movement of employees leaving and joining an organization.
Which document authorizes payment to suppliers?
Payment Voucher.
What is commission?
Payment based on the value or quantity of sales made.
What type of cheque is dated for a future date?
Post-Dated Cheque.
Which legislation gives workers the right to join unions and negotiate working conditions?
Labour Relations Act
Name three factors that contribute to labor turnover.
Low wages, poor working conditions, poor supervision, lack of promotion opportunities, inadequate training.
State three attributes an Accounts Clerk should possess.
Accuracy, confidentiality, integrity, computer literacy, organizational skills.
Gross pay is $72,000, commission is 5600 and deductions are $8,500. What is the net pay?
$69,100
Why should payments received be recorded immediately?
To ensure accurate records and accountability.