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Chapter 4 business summary notes

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With the lengthy and detailed extensive business textbook, it's often difficult to pinpoint and study what's important and of actual relevance, there notes have been made summarising everything that is important in the business chapter, and will assist you to achieve a distinction.

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Uploaded on
January 5, 2025
Number of pages
13
Written in
2024/2025
Type
Summary

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In this chapter we’ll be looking at:
Manpower planning, recruitment process, selection process, placement, induction programs,
remunerations and employee benefits, training and skills development, employee evaluation,
Chapter 4: Human Resource/Capital Function
retention, Labour Relations Act, dispute resolution mechanisms and the different Acts (EE,
BBBEE, SDA, BCEA).

Instead of being seen as a resource within the business, employees are now seen as
assets with skills, knowledge, characteristics and attitudes that can be enhanced
with training and developement.



Manpower planning
Definition: Top-down approach of a strategic plan to achieve business goals.

It is the process to:
1)Estimate number of employees
2)Assess required employee skills
3)Calculate a time frame for the business
Done through:


Job analysis
Job description Job specification
tasks and
specifies: job title, job looks at qualifications
responsibilities of
summary, duties and required, skills and
each job in the
working conditions experience
business




Human Capital Function looks at the skills avalible and skills required, and uses the
recruitment and selection processes to eliminate that gap



Recruitment process
To hire competent talent through the most effective communication channels, for internal
and external recruitment

Transferring/promoting an existing employee
through

Internal recruitment = 1.Invite/word of mouth (based on skills,
qualifications and experience)
2.Post on intranet/notice board within the
business
3.HYBIRD: internal employees recommend an
external employee
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