Selecting the Best Employees

I have very basic math skill, no algebra etc this class is listed as Business Math; Recommended: Reading - 1 level prior to transfer (formerly Reading Level 5). Description: Basic arithmetic skills reviewed and applied to the solution of business problems. Emphasizes bank records, invoices, cash and trade discounts, markup and markdown, inventory valuation, payroll, simple and compound interest, promissory notes, installment buying, stocks and bonds, amortization, real estate loans, property tax, personal income tax, depreciation, and insurance.

or This course Human Resources Management introduces the principles and methods related to the effective use of human resources in organizations. Students will gain an understanding of human resources involved in recruitment, selection, and placement of employees with regards to training, experience, and abilities. Topics of total compensation, employee-management relations, and global human resources management are also covered. Advisory: Writing Level 1, Reading Level 1, Math Level 2

this is my 2nd semester of college after 20 years, my 1st semester was very demanding and i was hoping to lighten the load this time and I need to eliminate one of these so far

My classes are

Personal Finance 3 credits
Property Management 3 credits
Computer Literacy 1 credit
Beginning Word 2 credits
Business Mathematics 3 credits
Human Resource Management 3 credits

Thank you in advance!

Business Math, because Human Resources Management will be more theories and interpersonal relationships, while math is more specific and straight forward.

What about it?

despite being the best driver in my group of 4 i didn’t quality to be an MTA Bus Operator. i told my brother im tired of the unscientific and subjective employee selection process of retail (which i consider MTA after seeing how i WASN’T selected) and that im going back to school for Nursing. he said im bitter and MTA Bus Operators make more. i say RNs make more. who is right?
to ALEX the starting salary for NYC MTA Bus Operators is 20.96 and tops out at 29.99 after 36 months

Nurses.

MTA bus driver in NYC make about $27.00 an hour.

A registered nurse make $32.00. However, I don’t know how much years of experience that is for. My friend is a RN at a local hospital. She just got out of college with a BS in Nursing from a top nursing school in MI. She makes $26.00 an hour right now. After a few years it will be about $32.00 an hour - to $35.00

The average salary for a nurse is about $60,000. MTA bus driver is going to be around $50,000.

However, you do live in NYC right? NYC might pay more for nurses than Michigan. Just saying it’s more in demand there, because the amount of people and chaos people in NY see every day.

I don’t know much about a Bus operator in NY, however, I agree with you that the amount of experience, education, and testing that nurses go though will led to a higher salary.

Denise, 22, an African American woman and Bonnie, 23, a Caucasian woman, are the two top applicants for a computer techinician job in a major data processing center. The center has about 10 percent minority employees and about 30 percent female employees. Both women seem to be equally well qualified except that Bonnie is both prettier and outgoing than Denise. This particular job doesn’t require the person who fills it to meet the public very much, but it takes place in a large office in which almost everyone is Caucasian and in which relations about employees are particularly important because of the constant pressures of the job.

If you were the personnel manager, whom would you pick for the job? Why? What should this person’s criteria for employee selection be, and in what order of important should these critiera be placed? Why?
To what extent should the personnel manger be concerned about affirmative action or reverse discrimination in this situation.

Look strictly at the qualifications and experience of each applicant. If they are equals in qualifications, look to see how they interact with other people; remember, being outgoing doesn’t necessarily mean that person interacts well with others. The external features (black or white, pretty or plain, stripes or polka-dots) of each candidate should not come into play because that is not important to the quality of the work the person performs.

I would not worry about affirmative action or reverse discrimination. I would worry about finding the person who can perform the best work for the organization.

It is well know in the real and business world that employees who receive their positions by the preferential selection process called Affirmative Action. are less or under qualified than those who passed the exams, and honestly earned their selection for employment, however, the racial and sexual quota system , although unfair and unconstitutional, remains alive and well.

Not ALL are incompetent, only SOME are because of the selection criteria used… and the some that are give the rest a bad name… I am against affirmative action since it is unfair on a fundamental level. I am all for a level playing field, but to give someone an advantage because of some criteria that is NOT job related, is favoritism.

1. One employee of a computer store is paid a base salary of $ 2,150 a month plus an 8% commission on all sales over $ 7,000 during the month. How much must the employee sell in 1 months to earn a total of $ 3,170 for the month?

2. A second employee of the computer store in Problem 1 is paid a base salary of $1,175 a month plus a 5% commission on all sales during the month.

(A). How much must this employee sell in 1 month to earn a total of $3,170 for the month?

(B). Determine the sales level where both employee receive the same monthly income. If employees can select either of these payment methods, how would you advise an employee to make this selection?

3. A fuel oil distributor has 120,000 gallons of fuel with 0.9$ sulfur content, which exceeds pollution control standards of 0.8% sulfur content. How many gallons of fuel oil with a 0.3% sulfur contents must be added to the 120,000 gallons to obtain fuel oil that will comply with the pollution control standards?

solve it step by step plz….thz u all ^_^

1.

Let x = monthly sales (the thing unknown)

pay

= 3170 = 2150 + commission

Commission = (x -7000) * 8 / 100

3170 = 2150 +(x -7000)*8/100

Multiply both sides by 100

317000 = 215000 + 8x - 56000

317000 - 215000 +56000 = 8x

158000 = 8x

x = 158000/8 = 19750

2. Do same thing but with different base salary ie 1175 replaces 2150, and different commission basis ie x*5/100

3170 = 1175 + 5 x/100
5x = 199500 x = 39900

B You are now looking for the value of x that makes the 2 right hand sides equal

1175 + 5x/ 100 = 2150 + (x-7000) *8 /100

117500 + 5x = 215000 + 8x - 56000
117500 - 215000 +56000 = 8x - 5x = 3x

x = -13833

Employees can never earn same from same sales. The first method is better.

Another way to look at it is to ask what is 5% of 7000 = 350. This is what the second salesman would get from the first $7000 sales.

What is the basic salary difference? 2150 - 1715 = 435 ie greater than 350.

3. Unknown is number of gallons to add = x

3/100 *x + 9/100 *120000= 8 /100 ( x + 120000)

3x + 1080 000 = 8x + 960 000

1080 000 - 960 000 = 8x - 3x = 5x
12 000 = 5x
x = 2400 gallon

The company i work for are currently going through a restructuring, this will result in some redundancies. I attend a consultation meeting and was advised by HR that as i was on Maternity leave i would not have to go through the selection process and would automatically be given one of the jobs that is ring fenced for all employees in my current role.

At the second consultation meeting i spoke to the same HR staff member and he said that they had changed their policy and now i would have to go through the selection process by using my keep in touch days to have an interview, complete a supporting statement and do a literacy test.

I am also unwell and awaiting surgery. Can anyone tell me where i stand? I am confused as aware there is a law protecting people on Maternity leave and know earlier on in the year during another section of the company’s restructuring people on Maternity leave were automatically given an available suitable job.

Hi Suzannah, yes, SimonC has pretty much nailed it. They key point is that only if you are displaced, that is not actually selected for a one of the new or remaining jobs, do you get first refusal on any other positions.

Rather than copy it all here, there is plenty of detail at the link below.

Good luck.

I’ve written an essay on this passage: An example of the use of intuition is romantic love and the judgement of faith on which it is based. It would surely be a vain and preposterous undertaking to discover one’s true sweetheart by accepting the authority of others, by using deductive reasoning and calculations, by cold-blooded empirical analysis of her perceivable qualities, or by considering the extent to which she might be a practical utility. All of those nonmystical methods would doubtless be appropriate in the selection of a buisness partner, a house keeper, or even in making a marriage of convience. But no one either could or would fall in love for any other reason other than that the beloved appealed in a direct and unanalyzable manner to his heart or his feelings. In other words, the lover as such is and must always remain a mystic, and even in forming the belief on which one bases his choice of a friend, intuition is almost as indispensable as in choosing a sweetheart. True friendship is certainly not based upon either calculation or utility, of art, the primary joy of which is not based upon considerations that are rationally analyzable.

Here is my Introduction: Romantic love is a product of a person’s desire, developed caring, and feelings. Montague says that when finding your soul mate it is important to listen to your heart and not those who are around. Look to the other person for who she is rather than use her for what she can do for you. When finding love, he says, it’s nothing like picking out an employee: it’s more like finding your better half, it’s mystical. You feel if you’re in love or if you will become friends.

I’m having a serious problem getting this essay correct… I’ve had 6 re-writes, I ususally get good grades on my essays… But I’m actually asking for help b/c I really don’t know what I’d doing wrong if anyone could help me I’d greatly appreciate it Thank You! (Montague is the author of this passage)

So you can get a really high score put big words in that essay that really counts a lot!! go into the dictionary and find a word and it will tell you other ways to say it …
it helped me A lot.

…….competencies in media & communication, sound knowledge in Business affairs and technological aspects; anything else?

I just want to know is there anything that the above mentioned competencies escaped other than task oriented requirements? The focus of my point is on competencies, not on the tasks that are the outcomes of the competencies; my focus is on Specification, not on description!

Also plz note that I am not looking answers like: if you wish to enter into practices HR you have to gather knowledge, need to develop your skills in related issues like HR policy drafting, implementations, and must study main basic HR issues such as overall HR functions, personnel file management, planning, recruitment, selection & induction of candidates, attendance, leave, confirmation, training & career advancement/development, increment, promotion, transfer, termination, disciplinary matter dealings,grievances dealings, HRIS(Human Resource Information System software) etc. Additionally you can study on IR(Industrial relations),treatment of Industrial Psychology,Labor & Industrial Law, facts to motivate employees those are not interested to work more with job satisfaction etc.

Hi Reja
We have the solution related to hr practitioner,
I’ll suggest you to use HR Software of RChilli.
It is amazing HR software

Best Regards
Vijay
RChilli

Hypothetical Grocery Stores Chain - Lovely Eats: Balance Sheet

Assets [in $1000]Liabilities and Owners’ Equity [in $1,000]
Cash$16,000 Liabilities
Accounts Receivable$48,000 Notes Payable$105,000
Accounts Payable and the
Mortgage on the building $235,000
Buildings $200,000Total liabilities$350,000
Tools, furniture, inventory$127,000 Owners’ equity
and equipment
Capital Stock$31,000
Retained Earnings$20,000
Total owners’ equity$23,000
Total391,000Total391,000

Based on the Table above, please list some areas for which enterprise risk managers (ERMs) need to involve themselves in risk mitigation. As part of the executive team, enterprise risk managers regard all activities, including any involvement in opportunity risks that carry the potential of gains. Discuss at least 8 risks you glean from this balance sheet and provide solutions – risk management technique to each.

Identified RiskExplanationRisk Management
1.
2.
3.
4.
5.
6.
7.
8.

32. In terms of risk management, a firm’s capital structure is defined as which of the following?
a) the assets of a company
b) the debt liability of a company
c) the firm’s equity
d) the firm’s choice between debt and equity

33. In a balance sheet, how should a risk officer consider a swap derivative?
a) ensuring that accounts are collected
b) deciding to purchase large assets with debt or equity from investors
c) establishing sustainability and opportunities to make money
d) mitigating interest rate risk

34. What is underwriting?
a) allocation of an insurer’s assets to meet claims obligations as they become due
b) calculating the amount that the insurer needs to set aside to pay future claims
c) mixing assets held by an insurer
d) process of evaluating risks, selecting risks to accept, and identify potential adverse selection

35. What is reserving liabilities?
a) allocation of an insurer’s assets to meet claims obligations as they become due
b) calculating the amount that the insurer needs to set aside to pay future claims
c) mixing assets held by an insurer
d) process of evaluating risks, selecting risks to accept, and identify potential adverse selection

36. What is asset-liabilities matching?
a) allocation of an insurer’s assets to meet claims obligations as they become due
b) calculating the amount that the insurer needs to set aside to pay future claims
c) mixing assets held by an insurer
d) process of evaluating risks, selecting risks to accept, and identify potential adverse selection

Table 5.2: Example of an Income Statement after Risk Management

————————————————————————-
Before After
change change
————————————————————————–
Revenue $ 1000 1050Customers satisfied with
increased security increase purchases
Insurance Expenses 0 60

Salaries 800 770Employees satisfied with less

Interest on bonds100 93Creditors appreciate the improved better
security.
Expected reported profit 100 ?
————————————————————————–

By looking at the table, what can you say about the value of this company after investing in risk management?

Compare the value of the company before and after the investment in risk management. Is there added value? By how much?

38. The Crazy Cola Company depends on corn syrup to make its product. To avoid fluctuations in the price of corn three months from now, the company locks in a price by purchasing _______.
a.options
b.swaps
c.futures
d.securities
e.bonds

39. In terms of maximizing the value, which of the following should not be considered by a risk manager?
a) consideration for decision makers and their preferences
b) concern of profits over risks
c) risk manager’s interest over the firm’s interests
d) the firm’s ability to sustain (absorb) damages

40. The following is a data for cost/benefit analysis for the “La Chocolate Café:”
Present Value Present Value
End of YearPremium Savings End of Year of $1* (4%)of Premium savings
201230000.000
201325000.000
201420000.000
Total Present Value of All Premium Savings at 4%
Cost of mats = $32,000
NPV

i.For “La Chocolate Café” would you buy these mats to save on premiums if interest rates were 4%?
a.Yes
b.No

Show your calculations and explain

ii. For “La Chocolate Café” what is the present value of the premium savings if Interest Rate is 10%?

Show your calculations and explain

Oh my!

If someone completes your homework for you do you think that will be an effective way to learn? Try to work out at least some of the answers yourself and if you get stuck on one particular area then maybe come back and ask a question about the part that you don’t understand.

Good luck and best wishes for your continued success.