Questions And 3.3 Questions On Human Resource Management
Define human resource management in your own words. Human resource management involves your employees and their performance. It is anything dealing with recruiting, hiring, evaluating, and firing. It is an important part to any business and helps them stay organized. Employees are a major part to any business, so having a human resource manager can keep your employees under control. Human resources overall keep your business organized and allow you to hire, pay, and evaluate your employees and reward them for doing well.
2. How does a salary differ from wages? Salaries and wages may sometimes get confused but are easy to determine. A salary is a fixed amount of money paid to an employee regardless of the number of hours worked. A wage is a payment for working made on an hourly, daily, or per-unit basis. An example of a salary could be making $50,000 per year no matter how much you worked. An example of a wage could be making $8.00 per hour. Overall, salaries and wages both deal with money, but have different meanings when comes down to the owner paying the employees.
3. What employee benefits would be important to you? Why? All benefits are important to employees. However, I think the insurance benefits would be the most important to me. Insurance benefits include things like health, …show more content…
However, if I was becoming a partner for a very successful business, I would want to look at their tax records. It would be good to know their purchases and sales made using credit. Knowing that the business is putting their money to good use is critical to know. Having trust in the business and how they are spending their money and what kind of sales they have can help you decide if partnering with them is really the best option for you. All business that have been running for five years should be trustworthy and good with their money, but seeing everything for yourself is the best thing to