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is the function of the management to recruit, train, compensate, and develop people employed within the business to meet the aims and objectives of the organisation.
What is human resource management?
The process of identifying the need for a new empoyee, defining the job to be filled and the type of person needed to fill it, attracting suitable candidates for the job and selecting the best one for the position that is vacant.
What is recruitment and selection?
This refers to the monetary funds that are already present within the business
What are internal sources of finance?
This evaluates the effects of social programs or enterprises.
What is social impact measurement?
higher average cost is a challenge faced by...
This source of finance involves borrowing money from a bank to be repaid with interest over time.
What is a loan?
These are laws that protect employees’ rights in the workplace.
What are employment laws?
This focuses on investing in companies or organisations to create measurable societal benefit while still generating a favourable financial return
What is impact investing
This is given to companies that meet certain standards for social and environmental performance.
What is B-Corp certification?
This type of training is given to new employees when they first join a company.
What is induction training?
providing non-repayable funding and reducing financial risk, but time consuming to get. What source of finance is this?
A manager allows employees to make decisions and contribute ideas. This leadership style is this.
What is democratic leadership?
Cash from the sale of goods and services, bank loans and overdrafts, capital injections from owners of the business, crowdfunding sources, and government grants. These are all a source of...
What are cash inflows?
inputs and impact are the elements of?
The cost of investment is 71,500, and the annual contribution is 33,000. What is the payback period?
What is 2 years and 2 months?
This leadership style involves managers giving employees a high level of freedom with minimal supervision or direction.
What is laissez-faire leadership?
A business experiences high employee turnover because workers feel undervalued. This shows a lack of this.
What is motivation?
a fall in sales and sudden increase in cost of raw materials indicate there is?
What are cash flow problems?
This evaluation model gives a broader view of business performance and ensures organisational activities are linked to the mission and vision.
What is the balanced scorecard?
This evaluation model may oversimplify real-world complexities and may be prone to biases or incomplete information.
This type of cost changes depending on the level of output.
What is variable costs?
A manager sets strict rules, makes all decisions alone, and expects employees to follow instructions without input. This leadership style is this.
What is autocratic leadership
Cost of investment divided by annual contribution shows...
What is the payback period?
Using profits to open new locations or improve production, and selling shares are examples of
What is internal growth?
A business hires many new employees quickly without proper training. Productivity falls, mistakes increase, and several employees leave within a few months.
This situation shows a failure in these TWO human resource areas.
What are training and human resource planning?