Internal influences on HRM objectives
Corporate objectives
E.g. an objective of cost minimisation results in the need for redundancies, delayering or other restructuring
Operational strategies
E.g. introduction of new IT or other systems and processes may require new staff training, fewer staff
Marketing strategies
E.g. new product development and entry into a new market may require changes to organisational structure and recruitment of a new sales team
Financial strategies
E.g. a decision to reduce costs by outsourcing training would result in changes to training programmes
External influences on HRM objectives
Market changes
E.g. a loss of market share to a competitor may require a change in divisional management or job losses to improve competitiveness
Economic changes
E.g. changes in the level of unemployment and the labour market will affect the supply of available people and their pay rates
Technological changes
E.g. the rapid growth of social networking may require changes to the way the business communicates with employees and customers
E.g. the growing number of single-person households is increasing demand from employees for flexible working options
Political & legal changes
E.g. legislation on areas such as maximum working time and other employment rights impacts directly on workforce planning and remuneration
Share:
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Sales Mix Unit Contribution Margin
Lawnmowers 20 % $32
Weed-trimmers 50 % $24
Chainsaws 30 % $45
Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Break-even point (units)= 4,944,500/ ( 0.20*32 + 0.5*24 + 0.30*45)
Break-even point (units)= 155,000 units
Each product:
Lawnmowers= 0.20*155,000= 31,000
Weed-trimmers= 0.50*155,000= 77,500
Chainsaws= 0.30*155,000= 46,500
Answer:
<u><em>Social Audit</em></u>
Explanation:
The Pak-It-Way Company makes custom packaging of all kinds . The firm has evolved into a big business due to quality and innovative work . Recently , top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and also to list negative occurrences that supervisors observed . Top management is essentially conducting a <u>social</u> <u>audit.</u>
<em>Social audit is an audit to examine how an organisation is behaving or working for its employees , society and environment.</em>
Social audit helps in encouraging the participation of the community , it also helps in encouraging the local democracy, it promotes the decision making and helps in developing the human resources.
Social audit has wide coverage , it is evaluated very systematically , it is always conducted in a regular period of time , it measures the social performance of the organisation towards its employees society and the environment. But social audit is difficult to conduct.
Answer:
Bond Price = $5,300,862.264 rounded off to $5,300,862.26
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. Assuming the bond is an annual bond, the semi coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 6,000,000 * 0.06 * 6/12 = 180
,000
Total periods (n) = 8 * 2 = 16
r or YTM = 0.08 * 6/12 = 0.04 or 4%
The formula to calculate the price of the bonds today is attached.
Bond Price = 180000 * [( 1 - (1+0.04)^-16) / 0.04] + 6000000 / (1+0.04)^16
Bond Price = $5,300,862.264 rounded off to $5,300,862.26
Answer:
Results are below.
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,634,000 / 86,000
Predetermined manufacturing overhead rate= $19 per direct labor hour
<u>Now, we can allocate overhead to each unitary product:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Xactive= 19*1.4= $26.6
Pathbreaker= 19*1= $19
<u>Finally, the unitary cost of each product:</u>
Xactive= 63.8 + 17.2 + 26.6= $107.6
Pathbreaker= 50 + 12 + 19= $81
