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CAIB 4 - Chapter 3 2025 Actual with Questions &
Answers (Latest Update) 100%
Guarantee Pass (Verified Answers)
Human resources management is the process of identifying and selecting the
employees best qualifies to achieve the strategic plan. Identify the seven activities
associated with Human resources management. - ...(ANSWERS)....1. Planning
2. Selecting
3. Orienting
4. Training
5. Developing & Rewarding
6. Managing employee performance
7. Termination
In human resources planning, the brokerage must evaluate its existing ability to
generate sales and premium growth, and determine whether the exiting human
resources are capable of producing the levels anticipated in the strategic plan.
Identify two reasons why this is true. - ...(ANSWERS)....1. If they are not, a plan
must be established to obtain the necessary human resources
2. To revise the organizational structure to accommodate the anticipated growth.
It is important to estimate human resources needs as early in the planning
process as possible, to permit time for a professional approach to selecting new
employees and to avoid the pitfalls of a crash hiring process. Identify four items
that the human resources plan should contain. - ...(ANSWERS)....1. An evaluation
of the skills the new employees need to have
2. The hiring timetable
, 2
3. A contingency plan in the event candidates with the required skills cannot be
found in a timely manner.
4. Job descriptions
Mid-course corrections should be considered because... - ...(ANSWERS)....Should
the reality of the business conditions diverge from the plan.
Selecting employees is one of the most difficult and time-consuming tasks of the
management process. Identify three areas in the selection process. -
...(ANSWERS)....1. Recruitment
2. Screening and interviewing
3. Hiring
Recruitment is the process of building awareness that there is a position available,
searching for the applications and attracting qualifies people to apply for the
position. Briefly explain five advantages of recruiting from within the organization
before actively searching the open market. - ...(ANSWERS)....1. It is less
expensive, as there are no external recruiting costs, and training and orientation
costs are minimized.
2. The length of vacancy should be shorter, thereby minimizing the period during
which client service could erode.
3. It takes the guesswork out of hiring, as the existing employee is a known
quantity.
4. It improves morale by demonstrating the brokerage's commitment to the
improvement and development of its employees.
CAIB 4 - Chapter 3 2025 Actual with Questions &
Answers (Latest Update) 100%
Guarantee Pass (Verified Answers)
Human resources management is the process of identifying and selecting the
employees best qualifies to achieve the strategic plan. Identify the seven activities
associated with Human resources management. - ...(ANSWERS)....1. Planning
2. Selecting
3. Orienting
4. Training
5. Developing & Rewarding
6. Managing employee performance
7. Termination
In human resources planning, the brokerage must evaluate its existing ability to
generate sales and premium growth, and determine whether the exiting human
resources are capable of producing the levels anticipated in the strategic plan.
Identify two reasons why this is true. - ...(ANSWERS)....1. If they are not, a plan
must be established to obtain the necessary human resources
2. To revise the organizational structure to accommodate the anticipated growth.
It is important to estimate human resources needs as early in the planning
process as possible, to permit time for a professional approach to selecting new
employees and to avoid the pitfalls of a crash hiring process. Identify four items
that the human resources plan should contain. - ...(ANSWERS)....1. An evaluation
of the skills the new employees need to have
2. The hiring timetable
, 2
3. A contingency plan in the event candidates with the required skills cannot be
found in a timely manner.
4. Job descriptions
Mid-course corrections should be considered because... - ...(ANSWERS)....Should
the reality of the business conditions diverge from the plan.
Selecting employees is one of the most difficult and time-consuming tasks of the
management process. Identify three areas in the selection process. -
...(ANSWERS)....1. Recruitment
2. Screening and interviewing
3. Hiring
Recruitment is the process of building awareness that there is a position available,
searching for the applications and attracting qualifies people to apply for the
position. Briefly explain five advantages of recruiting from within the organization
before actively searching the open market. - ...(ANSWERS)....1. It is less
expensive, as there are no external recruiting costs, and training and orientation
costs are minimized.
2. The length of vacancy should be shorter, thereby minimizing the period during
which client service could erode.
3. It takes the guesswork out of hiring, as the existing employee is a known
quantity.
4. It improves morale by demonstrating the brokerage's commitment to the
improvement and development of its employees.
