- 12 Marks
Question
The finance department in your company recently refused to allocate funds to the human resources department to cater for the health and safety needs of employees, arguing that it is a waste of funds.
Suggest FOUR reasons to the finance department why it is necessary to allocate the funds. (12 marks)
Answer
- Legal obligations: The finance department should allocate money for health and safety because the company is legally obligated to cater to the health and safety needs of employees.
- Reduce labour turnover: Allocating funds for health and safety can prevent employees from leaving the company.
- Social responsibility: It fulfills the company’s social responsibility towards its employees.
- Continued production: Ensuring good health among employees is crucial for maintaining productivity; hence, funds should be allocated.
- Accident prevention: Investing in health and safety can help prevent accidents, protecting employees from hazardous situations.
- Talent attraction: Prospective employees are more likely to join a company that demonstrates care for its staff, which can be achieved by allocating funds for health and safety.
(Any 4 x 3 marks = 12 marks)
- Topic: HR - Other Human Resources functions
- Series: NOV 2016
- Uploader: Dotse