Interpreting Human Resourace Data

Question 1

Issues with absenteeism

Answer 1

Costs for the business, the might have to pay sick pay
Bad brand image

Question 2

How can the firm imrpove HR

Answer 2

financial rewards
Employee share ownership
Consultation strategies
Empowerment strategies

Question 3

Analyse employee share ownership

Answer 3

The firm will reward the employee with company shares
For example this can include ‘save as you earn’ , where some employees save some of their salary each month for a fixed period then use this monety to buy company shares, often below the market value

Question 4

Analyse consultation stratagies to improve HR

Answer 4

Employees invloved in decision making = imrpove moral = less absent

Question 5

Analyse empowerment stratagies

Answer 5

Firm can give employees more control and respoability or their work = increase motivation = less absent
More power in decision making
Training