Back up of Midterm 1 EMBA 602 Nazmul
AN ASSIGNMENT ON
“BACK UP OF MID TERM - 01 – EMB-602”
Date November 06, 2014
COURSE: EMB-602
HUMAN RESOURCE MANAGEMENT - 1
Submitted To:
Professor Dr. M. Mahmodul Hasan
Honorable Faculty
North South University
Submitted By:
Nazmul Hasan Mahmud (ID: 1421152690)
Table of Content
1|Page
Chapter 01: Reading 1.1
Page 02
Chapter 01: Reading 1.3
Page 03
Chapter 02: Reading 2.2
Page 04
Chapter 02: Reading 2.3
Page 05
Chapter 06: Reading 6.2
Page 06
Chapter 06: Reading 6.3
Page 07
Chapter 01: Reading 1.1
There are many costs associated with employing people in your business. It is important for any business to take all of these costs into account during employing workers.
Firstly, the time and costs associated with advertising, selecting and interviewing applicants. Depending on the size of the business, type of job and number of applicants, this process can become very involved. Secondly, there may also be the need to improve the infrastructure of business premises in order to employ new people. This includes catering for the physical space another employee will need and the equipment that they will use to complete their work. Part of employing new people will also involve training and developing so that the person can work effectively within the business and with existing employees. Thirdly, there is the obvious cost of paying a base salary to the staffs. There are also the hidden costs relating to employee entitlements. These include superannuation payments, annual leave, sick leave and public holidays. These costs add up to a significant percentage over the base salary. On top of these costs, the business may be obliged to pay for insurance. Employing new people also comes with a number of taxation requirements. A landmark study conducted by Becker, Huselid and
Ulrich that examined the variety of human resource management quality indices found that the top 10% of organizations studied enjoyed a 391% return on investment because of their skilled pool
“BACK UP OF MID TERM - 01 – EMB-602”
Date November 06, 2014
COURSE: EMB-602
HUMAN RESOURCE MANAGEMENT - 1
Submitted To:
Professor Dr. M. Mahmodul Hasan
Honorable Faculty
North South University
Submitted By:
Nazmul Hasan Mahmud (ID: 1421152690)
Table of Content
1|Page
Chapter 01: Reading 1.1
Page 02
Chapter 01: Reading 1.3
Page 03
Chapter 02: Reading 2.2
Page 04
Chapter 02: Reading 2.3
Page 05
Chapter 06: Reading 6.2
Page 06
Chapter 06: Reading 6.3
Page 07
Chapter 01: Reading 1.1
There are many costs associated with employing people in your business. It is important for any business to take all of these costs into account during employing workers.
Firstly, the time and costs associated with advertising, selecting and interviewing applicants. Depending on the size of the business, type of job and number of applicants, this process can become very involved. Secondly, there may also be the need to improve the infrastructure of business premises in order to employ new people. This includes catering for the physical space another employee will need and the equipment that they will use to complete their work. Part of employing new people will also involve training and developing so that the person can work effectively within the business and with existing employees. Thirdly, there is the obvious cost of paying a base salary to the staffs. There are also the hidden costs relating to employee entitlements. These include superannuation payments, annual leave, sick leave and public holidays. These costs add up to a significant percentage over the base salary. On top of these costs, the business may be obliged to pay for insurance. Employing new people also comes with a number of taxation requirements. A landmark study conducted by Becker, Huselid and
Ulrich that examined the variety of human resource management quality indices found that the top 10% of organizations studied enjoyed a 391% return on investment because of their skilled pool