Preview

Hrm Revision Guide

Satisfactory Essays
Open Document
Open Document
562 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hrm Revision Guide
Guidelines To Answering BUSM 3201 Exam Questions

1. HR planning, with respect to Singapore [Singapore context]

What are the issues confronting Singapore?

▪ PESTEL [political, economic, socio-cultural, technological, environmental, legislation] o External scan of the environment

▪ SWOT [strengths, weaknesses, opportunities, threats] o Internal scan of the environment

Explain five environmental influences on effective HR planning?
How have these environmental factors influence the way human resources are planned?

Shorter economic cycle

▪ Shorter economic cycles [prosper, recession, prosper, recession with shorter intervals] are here to stay ▪ Example: SIA competition from budget airlines such as AirAsia forces it to start their own budget carrier service recently ▪ Example: Oil price increased from US$42 a barrel in May/Jun 2004 and reached max of US$77 18 months later o How does HR respond to this? o Look for alternatives that can cope with new resources and cheaper ways to cut operational costs o Employ people with new competencies in e.g. CNG, hybrids ▪ Example: Raised fuel surcharges in Aug & Nov 04 because of oil price increase ▪ Example: Outsourced jobs: IT and Accounting staff retrenched in Sep 04

Strategic Changes – e.g Mediacorp & Mediaworks merger

▪ Staff Rationalization o People may be redeployed, retrenched, retrained ▪ Skills sets ▪ Performance o Decide on what kind of system to adopt o Most probably MediaCorp as it is more dominant ▪ Job Titles & Management Structures ▪ Job Scope and Functions ▪ Review employment contract terms ▪ Review work environment planning

Technological Changes

▪ More powerful software, gadgets and computers o Google Amazon is going to be launched soon and it has better features than

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Rei Marketing Env Wkst 1

    • 371 Words
    • 2 Pages

    1. The fuel cost across the world, meaning fuel prices rises and dollar amount is decreasing.…

    • 371 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    week 3: individual study guide career development plan part two – development of a training and mentoring program…

    • 870 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    eco 561 week 5

    • 1596 Words
    • 7 Pages

    The long-run trend of the U.S. economy is one of economic growth. But growth has been interrupted by periods of economic instability usually associated with business cycles. Business cycles are alternating rises and declines in the level of economic activity, sometime over several years. Individual cycles (one “up” followed by one “down”) vary substantially in duration and intensity.…

    • 1596 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Certain Products begin to go up. High Gas Prices from $1.25 to $4.25, The Cost of a loaf…

    • 1667 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Hrm 531 Week 2 Study Guide

    • 2665 Words
    • 11 Pages

    In Week Two, students acquire an understanding of job analysis. A job analysis is the planned and systematic gathering of information about the tasks of jobs and the knowledge and qualifications necessary to perform those jobs. This analysis provides a foundation for many other human resource management functions.…

    • 2665 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Hrm Assignment

    • 716 Words
    • 3 Pages

    We would like to recommend two disciplinary actions that Britney takes with respect to the case involving Max MacSweeney. The first one is hot-stove rule and another…

    • 716 Words
    • 3 Pages
    Good Essays
  • Better Essays

    In the beginning of the summer, when most people drive to vacation spots throughout the United States, gas prices reached record highs. In June 2000, the national average was $1.68 per gallon and in some larger cities; the prices soared to $2.00 and more per gallon (Facts.com, 2005). Americans were furious not only because consumers were paying more at the pumps, but because rising fuel costs have triggered inflation. Americans realized that if inflation began to rise, a recession could be triggered as had occurred in the 1970's and 1980's (Facts.com, 2005).…

    • 1005 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Economic- such as the recent credit crunch, unemployment, inflation, interest rates, foreign exchange rates, reaction to changes in raw material or fuel and utility prices…

    • 955 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Changes of Gas Prices

    • 729 Words
    • 3 Pages

    There were a few main causes for the sharp rises in gas prices during 1999 to mid 2008 time period. The sharp rise in gas can mainly be contributed to the increase in the price of oil. The high prices of oil are attributed to the cases of supply and demand. The supply of oil has not increased enough to meet the new demand. Demand for oil has increased over the years in a few countries while the supply stays constant causing the price increase. The price of gasoline is also heightened by the taxes, the cost to refine oil into gasoline, the transportation costs, and the profit of the gasoline dealer. The main causes for such a drastic change in prices are the change in demand from a few countries while the supply of gasoline has remained almost constant over the years span.…

    • 729 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Blockbuster Case

    • 938 Words
    • 4 Pages

    To find new avenues of growth and include flexibility in business model to sustain profitability.…

    • 938 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Hrm Exam Study Guide

    • 590 Words
    • 3 Pages

    This study guide will prepare you for the Final Examination you will complete in Week Six. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination.…

    • 590 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    For example, if we consider the gasoline prices during 2007-2011, we can see that, in 2007, the gasoline price was $2.9/gallon. In 2008, the price went up to $4.40 /gallon, which was a 51% increase in gasoline price from year one. Then during 2009the gasoline price went down to$3.00/gallon, representing a 31% decline in gasoline price. In 2010, the gasoline price increased to $3.20/gallon, and there was a 6% increase during February 2011 to March 2011, leading to 11% fluctuation in the price. From 2011 through 2012 the price went up from $4.20 to $4.35, not a big significant increase, and from this point to April 2013 there was a decrease to $3.90[2, 3], which has been helpful for the economy for the past…

    • 1516 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Risk and Certainty

    • 940 Words
    • 4 Pages

    – Are linked not to changes in the market but to the economy as a whole – Economic activity tends to be cyclical with periods…

    • 940 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    HRM ASSIGNMENT

    • 2526 Words
    • 9 Pages

    In the respond (Samsung Electronics Vietnam Site, 2014), Samsung Electronics has achieved certain success over year as follows:…

    • 2526 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    BBPB HRM Wataniya Telcom

    • 3728 Words
    • 13 Pages

    Human resource function is one of the key function in any company or an organization. Among the resources in any organization, human resources are the key to the smooth running of the organizational functions and maintaining performance targets. As the organization grows, especially within international markets, human resource management become utmost important to maintain the intercultural environments where human resources are maintained.…

    • 3728 Words
    • 13 Pages
    Powerful Essays