HRM4004 - Week 9

What does "VUCA" stand for?

• Value, Uncertainty, Complexity, Analysis
• Volatility, Unpredictability, Clarity, Ambiguity
• Variability, Uncertainty, Consistency, Ambiguity
• Volatility, Uncertainty, Complexity, Ambiguity

Gig Economy is...

• a labor market characterized by short-term, flexible jobs often mediated by digital platforms.
• a system where all jobs are performed in physical offices.
• a labor market focused solely on full-time positions.
• a traditional job market with long-term employment contracts.

Which factor is not an organisation's external factor?

• Regulatory changes
• Customer preferences
• Market trends
• Company Culture and Resources

What is zero-hour contract?

• A zero-hour contract guarantees a minimum of 40 hours per week.
• A zero-hour contract is a type of permanent employment with fixed hours.
• A zero-hour contract is only applicable to freelance workers.
• A zero-hour contract is an employment contract that does not guarantee any minimum working hours.

Zero hours workers are not entitled to annual leave

• True

• False

When is Zero-hour contract used?

• Zero-hour contracts guarantee full-time hours.
• Zero-hour contracts are used for long-term employment.
• Zero-hour contracts are used for flexible staffing needs.
• Zero-hour contracts are only for permanent employees.

The Internal Environment includes

• Strategy

• Organisational Strucrure

• Organisational Culture

• All of the above

Human Resource Management is...

• Human Resource Management is the process of managing financial resources in a company.
• Human Resource Management focuses exclusively on hiring new employees.
• Human Resource Management is the strategic management of people in an organization.
• Human Resource Management is solely about payroll management.

Human Resource Strategies can be reflected upon

• Alignment

• Engagement

• Measurement

• All of the above

What are the potential reasons for skill shortage in the labour market?

• High wages for all jobs
• Increased immigration rates
• Overabundance of qualified candidates
• All of the above