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Andrews [41]
3 years ago
14

g How would you define the role of human resources in your organization? How does it compare with the information in this week's

readings? How has that role changed in your tenure with the company? How do you feel supervisors and managers should share in ensuring human resources practices are implemented effectively? Why?
Business
1 answer:
emmasim [6.3K]3 years ago
3 0

Answer:

Hello, you didn't attach the readings referenced in the question, so I'd give you a robust response that would speak to any scenario.

A) The role of Human Resources in my organization is very crucial to the attainment of that company's organizational objectives.

Here's why.

Business goals and strategies, no matter how excellently designed, cannot execute themselves. Human capital is required to drive them. Even in the age of Artificial Intelligence, there is a need to provide such a system with the type and quantity of data that it requires to deliver at the level required of it.

Human Resource executives are people who are disciplined by virtue of rigorous processes to identify and resolve problems associated with having Human Capital.

These include but are not limited to

  • Recruitment
  • Learning and Development
  • Compensation and Benefits
  • Compliance with Labour Law
  • Analytics and Metrics based Performance Management
  • Insurance/Assurance
  • Employer Brand Management
  • HR Planning

Getting it wrong with any of the above could prove detrimental to the health of any organization regardless of how excellent the products or services are.

Recruitment for instance has to do with attracting the right person for the right role at the right time and at the right cost to the company.  If the wrong person was hired, it always comes with a lot of cost such as:

  • Cost of replacement
  • Time lost
  • Cost in some cases related to reputation management
  • Cost of training the new employee
  • Energy expended in managing employee morale etc
  • The wrong person can in extreme cases cripple an organization by either intentionally or inadvertently exposing it to huge liabilities

B) The role of the HR personnel is increasingly becoming advanced and integrated into other business areas such as Insurance and Assurance. HR personnel are now required to understand Life Insurance Products as well as how the Health Management System works.

Labor Law is another critical aspect of the HR process. Labour law itself is evolving as the world increasingly becomes smaller via the use of technology. Remote jobs mean that companies can now leverage technology to employ someone from a different time zone, a different set of Labour laws, and different cultures because it makes economic sense to do so. The HR must now come to grasp the new understanding that it takes to ensure that the Human Capital remains optimized, in the face of these rapid changes.

In addition, Artificial Intelligence is changing the role of the Human Resource executive as regards succession planning. It is no longer feasible to plan 10 years ahead into the future because the rate at which technology is taking over jobs with ease, delivering at unprecedented levels of effectiveness and efficiency (that is, high output at relatively lower costs) is amazing and scary at the same time.

Rather than groom people to take over from people, the HR personnel is now presented with the problem of helping people stay relevant within the system by ensuring that they add skills that are required in the ever-changing universe of the Labour Market.

C) Supervisors and Managers need HR to make the most of their careers. They can do this by sharing information regularly especially with regard to the challenges they face in their work as managers and supervisors as well as their personal growth track.

The reason is this: HR is trained to see differently. Their job is to maximize the efficiency of those who do the job regardless of their status or cadre.

The Job of the HR is to identify and solve these type of problems. Isolating one's self from the benefits of the HR's office is detrimental and not otherwise.

Cheers

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Charles wants to survey recent customers about the quality of service they received at his small auto service dealership. He has
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Answer: fast responses at a lower cost.

Explanation:

Online survey would be a very desirable survey to use because of it's low cost of preparation(saves the cost of printing) and quick response from the target audience. An online survey is a method of gathering information from a wide variety of people on a subject matter over the internet, by administering questionnaire's to them.

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4 years ago
The Moore Corporation had operating income (EBIT) of $700,000. The company's depreciation expense is $140,000. Moore is 100% equ
Nastasia [14]

Answer:

The net cash flow is $560,000

Explanation:

The computation of the net cash flow is shown below:o

= Operating income + depreciation - tax expense

= $700,000 + $140,000 - $280,000

= $560,000

The tax expense is calculated by

= Operating income × tax rate

= $700,000 × 40%

= $280,000

For computing the net cash flow, we have to add the depreciation expense and deduct the income tax expense.

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4 years ago
The services market sells diverse services such as legal advice, auto repair, and dry cleaning. Along with finance, insurance, r
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Answer:

Service Firms is the correct answer.

Explanation:

8 0
3 years ago
You borrowed $2,500 from your grandmother. You agreed to pay back the loan with a single payment at the end of five years. The i
Mariana [72]

Answer: $2,750

Explanation: This is a simple interest problem, we calculate thus:

Principal = $2,500

Time = 5 years

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Formula:

I = (P x R x T)/100

I = (2,500 x 2 x 5)/100

I = 25,000/100

I = 250.

Therefore the amount that will be owed at the end of 5 years is:

$2,500 + $250 = $2,750.

5 0
3 years ago
Read 2 more answers
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 5 million of its $1 par common s
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Answer:

1.$45 million

2. No journal entry required

3. Dr Compensation expense $15 million

Cr paid in capital - restricted stock $15 million

4. Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

5. Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

6. Dr Paid in capital - restricted stock $45 million

Cr Common stock $5 million

Cr Paid in capital - excess of par $40 million

Explanation:

1. Calculation to Determine the total compensation cost pertaining to the RSUs.

Total compensation cost pertaining to the RSUs

=$9.00 fair value per share × 5 million shares represented by RSUs granted

Total compensation cost pertaining to the RSUs=$45 million

Therefore the total compensation cost pertaining to the RSUs will be $45 million

2. Preparation of the appropriate journal entry to record the award of RSL's on January 1, 2021.

No Journal entry required

3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2021.

Dr Compensation expense $15 million

($45 million/3 years )

Cr Paid in capital - restricted stock $15 million

4. Preparation of the appropriate journal entry to record compensation expense on December 31, 2022.

Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

($45 million/3 years )

5. Preparation of the appropriate journal entry to record compensation expense on December 31, 2023.

Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

($45 million/3 years )

6. Preparation of the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.

Dr Paid in capital - restricted stock $45 million

Cr Common stock $5 million

Cr Paid in capital - excess of par $40 million

($45 million-$5 million)

6 0
3 years ago
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