HR and Finance

Question 1

HR strategies

Answer 1

Employer of choice - desirable to work in, open work culture, attracts quality staff.

Diverse workflow - age, gender, ability, ethnicity, etc.

Fostering intrapreneurship - harness the skills of the employee to better the business, introduced new ideas, inspires employees and encourages creativity to better the business, gives employees more freedom ultimately leading to a more enjoyable workforce.

Leaders and managers - leaders are enablers, adopt different styles and strategies per employee to encourage growth. shares the power and strategic responsibilities to achieve goals

Question 2

Financing strategies

Answer 2

Private equity - investment from private entities for example gaining investments from employees.

Capital markets - buyers and sellers engage in the trade of financial securities like bonds and stocks to grow investment capital and create wealth.

Going public (IPO) - selling stock publicly for the first time, generates publicity, risky as it relies on investments giving positive and timely returns.

Dividends - paying a portion of the companies profits to shareholders, this acts as an incentive for investors.

Govt grants and incentives - govt offering grants for specific markets.

Question 3

Evaluating finance options

Answer 3

Triple bottom line - measuring profits as well as the organization’s impact on people and the planet.

Cost-benefit analysis - determines the financial viability of a product or strategies by comparing the predicted benefits with the anticipated cost.

Question 4

Employment cycle

Answer 4

Development - maintenance

Question 5

Motivation theories

Answer 5

Refer to mind map

Question 6

Reasons to invest in staff wellbeing

Answer 6

• increased satisfaction
• increased morale
• increased productivity
• reduced absenteeism
• better relationships between employees and management
• open communication channels
• a more sustainable workplace