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Summary HUMAN RESOURCE/CAPITAL FUNCTION - Grade 12 IEB Business Studies Summaries

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Notes are based off of the "Consumo Grade 12 Business Studies" book. These notes include summaries of unfair dismissal, industrial action, procedural fairness, implications and the function of the Labour Relations act and other legislations, employment, the process of procuring for the finest talent for a business, and more...Notes make it easier to understand work, and have been summarised to only include the most important/ necessary infromation.

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Uploaded on
January 8, 2022
Number of pages
21
Written in
2021/2022
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Summary

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Self-Study Notes
Created by Chantelle. B

Chapter 4 – The Human Resource/ Human Capital Function

à Employees are regarded as an asset with certain skills, knowledge, experience,
characteristics and attitudes.

1. Manpower planning as a prerequisite for recruitment and selection (top to bottom
management follow a plan)

Manpower:
à Top to down process
à Strategic plan of business will determine skills needed to achieve goals
à Required skills will be required via manpower planning and training

Refers to process of:
1. Number of employees
2. Skills required
3. Time frame


Keywords:
Job analysis
à Determines tasks/ responsibilities

Job specification:
à Specifies job title, summary of job, duties, working conditions ---> and degree of
supervision required

Job description
à Qualifications, skills, experience needed ---> used as guide during recruitment
selection process

, Self-Study Notes
Created by Chantelle. B

2. Process of procuring the finest talent for the business

Recruitment (internal and external) (step 1)
à Attract most competent talent
à Task of agent ---> determine most effective communication channels used for the
recruitment message

Internal recruitment:
à Done by transferring existing employee to new position/ promoting existing
employee
à Business may invite existing employees ---> done by searching employee files to
identify (based on skills, qualifications, experience) ---> or word by mouth
recommendations
à Alternative ---> post position on intranet/ notice board within business & invite
interested staff
à Current employees may be asked to recommend someone outside (internal +
external)

Advantages of internal recruitment:
à Improved employee morale
à Cost effective
à Employees past performance/ attitude is known

External recruitment:
à Advertised via agency (on internet/ traditional media)
à Business advertises in newspapers, trade journals, trade shows
à Approach schools, colleges, universities, educational institutions
à Not often with senior positions ---> may be sourced through looking at CV’s or “walk
ins”
à May be head-hunted ---> employee who works for competitor and asked to apply

Advantages of external recruitment:
à New ideas/ skills
à More affirmative action candidates
à Head hunted provides insight into competitors operations
à No infighting

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