Financial obligations for employees
Two Questions in Regards to financial obligations and benefits for employees.
1. Companies have financial obligation to its employees. The issue of organizations having the ability to pay the employees can be an important factor during the negotiation process. In efforts to make certain the organization has the ability to meet the financial responsibility to the employees, some things should be considered. Not only do the organization look at the financial obligation, they should also look at the worth or importance of the job. Based on what you have learned, define job analysis. Identify and discuss in detail two things that are a result of the job analysis.
Your response must be at least 200 words in length.
2. Social security, unemployment insurance, and workers’ compensation are employee benefits required by law and are not negotiated. Based on the reading in this unit, identify and discuss the 5 groups of those benefits that are mandatory issues for negotiations. Provide an example of each.
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Your response should be at least 200 words in length.
According to Woods et al. (2017), job analysis is a detailed examination of a job, which involves collecting information about a job`s nature, required qualifications, qualities, and capabilities to achieve desired outcomes. The systematic process entails examining the necessary skills, physical characteristics, and mental abilities appropriate for a job. This means the process involves scrutinizing the degree of a person fit for a specific job. Job analysis results in hiring a skilled workforce and executing appropriate compensation management. In hiring a skilled workforce, job analysis allows the human resource team to identify job specifications, fit for the job. This includes identifying the required skills, knowledge, duties, and responsibilities to track the qualified candidate.(511 words)