Question No 63:
Define Financial flexibility?
Financial flexibility allows the cost of labour to reflect market conditions, for example through flexible pay that can fluctuate according to market rates, or through performance related pay schemes.
Thursday, 19 May 2016
Friday, 13 May 2016
Cima E2 Exam Question No 62
Question No 62:
What is Numerical flexibility?
Numerical flexibility allows the number of staff to be increased or reduced as needed in the business. This can be achieved by using short term employment contracts, part-time employment, job sharing, self employment, contracting out, homework, franchising,and agency temps.
What is Numerical flexibility?
Numerical flexibility allows the number of staff to be increased or reduced as needed in the business. This can be achieved by using short term employment contracts, part-time employment, job sharing, self employment, contracting out, homework, franchising,and agency temps.
Thursday, 5 May 2016
Cima E2 Exam Question No 61
Question No 61:
Define Functional flexibility?
Workers are not restricted to one work role, but have a wide range of skills, and flexible working hours to be able to meet changing needs as they happen. In a hotel for instance, a member of the bar team may have skills to help out reception if when a coach party arrives with many guests all needing to be booked in at the same time.
Define Functional flexibility?
Workers are not restricted to one work role, but have a wide range of skills, and flexible working hours to be able to meet changing needs as they happen. In a hotel for instance, a member of the bar team may have skills to help out reception if when a coach party arrives with many guests all needing to be booked in at the same time.
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