What Is Dismissal
Dismissal
The dismissal that takes place in the movie (from 3 minutes into part 1 of the movie is operations reasons (also known as retrenchment).
According to the Labor Relations Act (LRA) there are only three reasons why a person is allowed to be dismissed from the work place. But even with these three ways there are still steps that need to be followed.
If an employee has been retrenched, the company must have done everything in their power to try and avoid the situation. A consultation and negotiation must have taken place first, the employer must have been open to respond to any suggestions made and why or why not they are possible.
The consultation that takes place must be in writing and contain the following:
- the reasons for the …show more content…
Human Resources
The lady who speaks at roughly 4-5 minutes into the movie is most probably the human resources manager.
The purpose of Human resources is to make the gap between the employees needs and managements goals smaller as well as to help make sure that the business meets all the goals that have been set to move the business forward. They also act as a middle man between the employer and employees to make sure that all goals are communicated correctly, and well as understood and interpreted correctly. Human Resources also deals with Trade unions and employer organizations. They deal with disciplinary procedures and grievance procedures.
The nine main activities the Human Resource department is in charge of:
- Manpower planning
- Recruiting
- Selection
- Remuneration
- Placement of staff
- Induction of staff
- Training of staff
- Evaluation (also known as performance appraisal)
- And …show more content…
From what I understand from the movie, the HVI limits are mortgages, in this case mortgages that the firm does not keep on their financial records for as long as they are supposed to.
I say this because in the movie the character, Peter, talks about how the firm packages its products in several tranches, and that it takes roughly a month to 'layer' them, and this is the reason why the documentation of this would need to be kept on the company's bookstores while - but this is not really what the company would want to do. But as those packages are referred to as 'just mortgages' the firm breaks the rules and does not comply with the prescribes 'limits' and just takes it off their books a lot sooner
What Type of Business?
I think that the type of business they do has something todo with buying and selling shares/stocks, possibly actual mortgages. They are defiantly in a business that works with something that can be classified as 'Tradable Security'.
I say thus because in the movie they talk about how the things they don't keep on the books formats long as they should are 'just
The dismissal that takes place in the movie (from 3 minutes into part 1 of the movie is operations reasons (also known as retrenchment).
According to the Labor Relations Act (LRA) there are only three reasons why a person is allowed to be dismissed from the work place. But even with these three ways there are still steps that need to be followed.
If an employee has been retrenched, the company must have done everything in their power to try and avoid the situation. A consultation and negotiation must have taken place first, the employer must have been open to respond to any suggestions made and why or why not they are possible.
The consultation that takes place must be in writing and contain the following:
- the reasons for the …show more content…
Human Resources
The lady who speaks at roughly 4-5 minutes into the movie is most probably the human resources manager.
The purpose of Human resources is to make the gap between the employees needs and managements goals smaller as well as to help make sure that the business meets all the goals that have been set to move the business forward. They also act as a middle man between the employer and employees to make sure that all goals are communicated correctly, and well as understood and interpreted correctly. Human Resources also deals with Trade unions and employer organizations. They deal with disciplinary procedures and grievance procedures.
The nine main activities the Human Resource department is in charge of:
- Manpower planning
- Recruiting
- Selection
- Remuneration
- Placement of staff
- Induction of staff
- Training of staff
- Evaluation (also known as performance appraisal)
- And …show more content…
From what I understand from the movie, the HVI limits are mortgages, in this case mortgages that the firm does not keep on their financial records for as long as they are supposed to.
I say this because in the movie the character, Peter, talks about how the firm packages its products in several tranches, and that it takes roughly a month to 'layer' them, and this is the reason why the documentation of this would need to be kept on the company's bookstores while - but this is not really what the company would want to do. But as those packages are referred to as 'just mortgages' the firm breaks the rules and does not comply with the prescribes 'limits' and just takes it off their books a lot sooner
What Type of Business?
I think that the type of business they do has something todo with buying and selling shares/stocks, possibly actual mortgages. They are defiantly in a business that works with something that can be classified as 'Tradable Security'.
I say thus because in the movie they talk about how the things they don't keep on the books formats long as they should are 'just