7. Discuss the importance of Manpower planning and elaborate its objectives. Ans- Manpower Planning which is also called as Human Resource Planning consists of putting right number of people‚ right kind of people at the right place‚ right time‚ doing the right things for which they are suited for the achievement of goals of the organization. Human Resource Planning has got an important place in the arena of industrialization. Human Resource Planning has to be a systems approach and is carried out
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HUMAN RESOURCE MANAGEMENT TASK 1 – Understand difference between personal management and human resource management. 1.1 Distinguish between personal management and human resource management. Human resource management is the new version of personnel management. There is no any watertight difference between human resource management and personnel management. However‚ there are some differences in the following matters. The main difference between personnel management and
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Task 1 i) The Human Resource Management or personnel function of ASDA covers a variety of activities. The term ’Human Resource Management’ has largely replaced the old-fashioned word ’personnel’‚ which was used in the past. The types of work covered in the Human resource function might include the following: ·A Policy-making role - This is important because the Human resourcesdepartment need to be making big policies thatcover the place of work and the importance of thepeople in ASDA. ·A Welfare
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CASE APPLICATION – YA KUN KAYA TOAST Question 1: How would you forecast the manpower needs of Ya Kun? Ya Kun can forecast their manpower by using trend analysis‚ ratio analysis‚ scatter plot and computerized system. The personnel can use either one of these method of finding new recruitment. Based on trend analysis‚ Ya Kun find new recruit by using their past experienced which means that they can provide an initial estimate of future staffing needs‚ but employment levels rarely depend
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development of competency models depends on the goals and objectives of the organisation‚ and the business that the organisation is in. In a broader sense the competencies are categorised into two types: 1) Core competency. 2) Role specific competency. The core competencies are those that are required by all employees. For example‚ initiative and drive might be a core competency for each employee in the organisation. The key stakeholders are particularly invited to take part in brainstorming
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strategic human resources management (SHRM) is now viewed as a source of competitive advantage. Strategic human resource management is designed to help companies meet the needs of their employees while promoting company goals. As an important aspect of strategic human resource management is employee development‚ organisations have to consider employees may want or need and what the company can reasonably supply (Baker‚ 2009a; Tarique and Schuler‚ 2010). This research paper tries to discuss how organisations
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8 Performance table 9 1. Abstract Today’s organisation faces a range of people management challenges. I will critically examine the challenges and choices HR managers now face in regard to managing‚ recruitment and selection. The main idea of the essay is to focus on different problems and its solution which HR managers face with
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[pic] JUNE 2010 THE HUMAN RESOURCE IN HOSPITALITY Instructions to candidates: a) Time allowed: Three hours (plus an extra ten minutes’ reading time at the start – do not write anything during this time) b) Answer any FIVE questions c) All questions carry equal marks. Marks for each question are shown in [ ] 1. a) Describe the main points that are covered in the seven point plan during the selection procedure of new staff in the hospitality industry. [10] b) Construct an
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Master of Business Administration- MBA Semester IV MI0038- ENTERPRISES RESOURCE PLANNING (Book ID: B1964) Question 1 Explain the relationship between business functions and business processes in the insurance sector Answer: A business function refers to an activity that an enterprise performs to realise its pre-determined goals and objectives. You can also define a business function as a series of rationally interrelated activities or tasks performed by an enterprise in order to obtain the
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CAPITAL MARKET : INDISPENSABLE FOR A COUNTRY’S ECONOMY Capital Market is one of the significant aspect of every Financial Market. Therefore it is necessary to study its correct meaning. Broadly speaking the capital market is the market for financial assets which have a indefinite maturity. Unlike money market instruments‚ the capital instruments become mature for the period above one year. It consists of finanacial institutions like IDBI‚ LIC‚ UTI‚ etc. These institutions play the role of the
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