Human Resource Management – A Simulation Exercise

Topic

Human Resource Management – A Simulation Exercise

Instructions

Use theories and sources to explain why you choose the option, and what kind of benefits will this option bring to company? What changes have the company made after choosing this option?

Answer preview

One of the key goals of employment is to ensure growth and productivity increase in due time. Also, it is important to ensure that there is a balance between the company’s expenditure (including salaries and wages) versus its revenue collected. Many companies employ more workers as a means to an end, which is often increased in revenue through productivity. However, in many cases, businesses are likely to undergo challenges that may cause a go-slow in productivity thus bringing in loses. As salaries and benefits remain high yet productivity is low, the company will run losses. This is a similar case as that of level 1 calling for urgent intervention.

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