Human Resources & Finance PDF

Chapter 6: Creative Thinking: Pro and cons: List the pros and cons of a solution. Delphi technique: Use experts to reach a consensus on a complex issue. It involves a series of questionnaires, anonymous feedback, and rounds of discussion to help generate ideas and make predictions. Human Resources:...

Chapter 6: Creative Thinking: Pro and cons: List the pros and cons of a solution. Delphi technique: Use experts to reach a consensus on a complex issue. It involves a series of questionnaires, anonymous feedback, and rounds of discussion to help generate ideas and make predictions. Human Resources: Grade 12 Procedures for a strike to be legal -Before the strike – the issue must be referred to the CCMA. -The CCMA or council has 30 days to resolve the issue. -If it is not possible, a certificate must be issued. In the private sector – 48-hour notice period. If the employer is the State, the notice period is 7 days. Types of protest: Strike can be defined as two or more employees that refuse to work based on a shared, work-related purpose. Go-slow takes place when workers still work, but they decrease their rate of productivity. Picketing – striking employees demonstrate in a public place outside of the workplace. Secondary (or sympathy) strike action is when employees strike in support of another strike. Basic Conditions of Employment Act Role of the act: BCEA is aimed at ensuring that employees are treated in a fair manner in the workplace. The Act provides conditions for: Working hours Deductions Public holidays Leave Notice periods to terminate employment Performance appraisal It is a planning tool, evaluation tool, and feedback tool for the employee’s performance relating to specific targets. Difficult to measure ethical principles. Chapter 10: Finance: Long Term Insurance Provides coverage for an extended period of time, often years. It is designed to provide financial protection over the long term, such as life insurance or disability insurance. Short Term Insurance Provides coverage for a limited period of time, typically ranging from a few months to a year. It is often used to cover temporary needs, such as travel insurance or coverage during a job transition. Requirements for a valid insurance contract Absolute Good Faith Insurable Interest Contractual Capacity Compulsory insurance UIF – Unemployment insurance Is a form of monetary assistance, to workers if they become unemployed COIDA - Compensation for Occupational Injuries and Diseases Act Covers employees injured at work or who become sick due to their job, with compensation. RAF – Road Accident Fund A mandatory insurance covering all South African road users against injuries sustained in motor vehicle accidents. Non-compulsory insurance: Fire, theft, house, vehicle, etc