Human Resources And Finance Resit

Question 1

What is induction training

Answer 1

This is normally used for new recruits. Business shows recruit round the different departments in the business. Used to make them feel welcome to business

Question 2

What is on the job training

Answer 2

Training that happens at work site. Part of on going job training. Used to update staffs skills eg if a new software package has been released the staff have to know how to apply it to their work

Question 3

What is off the job training

Answer 3

Also part of the on going job training. Staff usually taken off site for this

Question 4

What are the advantages and disadvantages of off the job training

Answer 4

Staff not distracted by things going on in workforce

Can be expensive to send staff off site for training

Question 5

What are the advantages and disadvantages of on the job training

Answer 5

Quick and cheap to undertake

Staff can be easily distracted

Question 6

What are the advantages and disadvantages of induction training.

Answer 6

Adv

Fam airlines new recruit with business so it is east for them to get around

Disadv

Can be time consuming

Question 7

What are the non financial methods of motivating staff

Answer 7

Flexible hours and consultation + negotiation

Question 8

What is flexible hours

Answer 8

Part time

Working from home

Question 9

What is consultation and negiotiation

Answer 9

Between organisation and employees. This usually comes about when changes are made. Managers need to consult employees about new changes and if they are happy about them

Question 10

What are the financial methods of motivating staff

Answer 10

Bonus rate and commission

Question 11

What is bonus rate

Answer 11

Staff rewarded with more money for doing more work hours than the job requires

Question 12

What is commission

Answer 12

Staff paid % of profits

Question 13

What are the adv and disadv of flexible hours

Answer 13

Adv

Allows employees to work from home

Disadv

Have to do same amount of work as they usually do at the work force

Question 14

What are the adv and disadv of consultation and negotiation.

Answer 14

Adv

Staff flattered when asked their opinion on changes. Makes the, feel heard

Disadv

Manager may forget to tell staff about changes

Question 15

What are the adv and disadv of bonus rate

Answer 15

Employees feel valued for being paid more for working extra hours

May not be much more payment than they usually get

Question 16

Adv and disadv of commission

Answer 16

Adv

Staff feel valued

Disadv

If don’t make any sales then they won’t be paid

Question 17

What are the methods of training?

Answer 17

Induction

On the job

Off the job

Question 18

What are the solutions to a poor cash budget

Answer 18

Organise an overdraft / bank loan

Negotiate better deals with suppliers which will keep supply costs down

Extend credit period so that form has longer to pay back debts

Chase in outstanding bills