Evaluate the financial management processes of the simulated workplace and write a half page summary of its effectiveness.
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- Evaluate the
financial management processes of the simulated workplace and write a half page summary of its effectiveness.
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- Please answer the parts in the case of the operational manager in the Human Resource department as how would having an insurance policy benefits your department/ employees you should answer on the prospective of your department.Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments…Considering the job of a warehouse fulfillment associate who performs work in a large warehouse, sorting shipments and packing trucks. What measures might an employer take to design this job to make it efficient? What drawbacks or challenges might result from designing the job for efficiency?Read this article about the 25 lowest paying jobs in the U.S.: https://www.thebalancecareers.com/top-worst-paid-jobs-2061699 Select one of the jobs listed and answer the following questions: What is the mean annual wage for this job? (use the figures in the article). Calculate the hourly wage for this job (use 40 hours/week * 50 weeks/year = 2,000 hours to find the answer) In your own words, explain why do you think this job has such a low wage range? Use vocabulary you have learned in this class and information from this article to support your argument (how does the law of supply and demand affect the wages for workers in this profession? Is there any competition? What about technology? Etc.)
- Lilian is an employee who has served in the banking organisasion for 10 years. Her expertise has contributed to the success of the organisation. Due to seniority and experience, she has received offer to serve in other organisation. She has submitted a letter of resignation to her manager and human resource department. Assuming that you are a manager of human resource management in the organisation, you would first of all want to identify the problems for the above cases. Analyse and proposed solutions on aspects of staffing and training and development based on the general guidelines for problem solving.Include a summary of the requirements for training and certification, as well as some illustrations drawn from real-life scenarios.What are ways that you keep performance going on a job? Design, develop, and present the second phase performance improvement plan using performance tools. Explain how these two offices will require different monitoring, management and implementation tools. Explain how assessment and evaluation of performance improvement will occur and be addressed in these two offices.
- Describe your typical workweek schedule, indicating what time your workday begins and ends and how many days per week you typically work. How will you respond to setback and failure?Performance management is a systematic process aimed at improving organizational effectiveness by aligning individual and team performance with strategic goals and objectives. It involves setting clear performance expectations, monitoring progress, providing feedback, and rewarding achievement. Effective performance management encompasses several key components, including goal setting, performance evaluation, development planning, and performance-related rewards and recognition. By establishing measurable objectives and regularly assessing performance against these benchmarks, organizations can identify areas for improvement, address skill gaps, and optimize resource allocation. Moreover, performance management facilitates employee development and career progression, fostering a culture of continuous learning and professional growth. Additionally, linking performance to rewards and recognition reinforces desired behaviors and motivates employees to excel in their roles Ultimately, a…SCOR addresses five basic dimensions of performance. You are required to conduct additional research and briefly discuss each of the five performance dimensions in relation to Whirlpool Corporation
- Who does what in organizations Based on this scenario only, what employer obligations to workers are likely to have been contravened? Note: You should support your answer, where applicable, using relevant information from the scenarioWhich exempt status of executive, professional, or administrative jobs is the case. Is the job exempt or non-exempt? Why or why not? Cheryl Wiley was promoted from auto damage appraiser to auto damage adjuster after being employedwith Auto Insurance for three years. In her former position as auto damage appraiser, she worked atone of Auto Insurance’s drive-in locations inspecting damaged cars that remain in drivable condition.She performed this job under close supervision and all of her work had to be approved by thesupervisor. The job was considered non-exempt and Wiley received overtime pay whenever sheexceeded her required work hours.In her new position as auto damage adjuster, Wiley had responsibility for “assessing, negotiating, andsettling automobile damage claims.” She spent a majority of her time appraising damaged vehicles andestimating repair costs, but also negotiating and settling claims with body shops over repair costs andwith claimants over total loss vehicles. An auto…Why should I review my job hazard analysis?