LFK is a coal－mining business．It has 135 employees who are all provided with training．After the dismissal of one of LFK＇s employees there is a job vacancy for a new supervisor．External recruitment will be used．The Managing Director is preparing a cash flow forecast for LFK．An extract is shown in Table 3．1． Explain two advantages of LFK training its employees. Advantage 1: Explanation: Advantage 2: Explanation:
Exam No：0450_s25_qp_11 Year：2025 Question No：3(d)
Answer:
Award 1 mark for identification of each relevant advantage (max 2).
Award 1 mark for each relevant reference to this business (max 2).
Award 1 mark for each relevant explanation (max 2).
Points might include:
- To motivate employees [k] to reduce absenteeism / lower labour turnover [an] of its 135 employees [app]
- Help retain/keep/attract employees / lower labour turnover [k]
- To increase skills/knowledge [k] more workers are suitable for promotion [an] so may not need to use external recruitment [app]
- Reduce mistakes/errors / better quality [k]
- Reduce number of accidents \([\mathrm{k}]\) increasing workers` safety [an]
- Increase efficiency/productivity/reduced waste [k] which can help reduce (average) cost [an] which can reduce its cash outflows of \(\$ 600000\) [app]
- Increase output [k]
- Can improve competitiveness [k] of the mine [app]
- Improve customer service [k]
- Management training can help improve business decisions [k]
Other appropriate responses should be credited.
Award 1 mark for each relevant reference to this business (max 2).
Award 1 mark for each relevant explanation (max 2).
Points might include:
- To motivate employees [k] to reduce absenteeism / lower labour turnover [an] of its 135 employees [app]
- Help retain/keep/attract employees / lower labour turnover [k]
- To increase skills/knowledge [k] more workers are suitable for promotion [an] so may not need to use external recruitment [app]
- Reduce mistakes/errors / better quality [k]
- Reduce number of accidents \([\mathrm{k}]\) increasing workers` safety [an]
- Increase efficiency/productivity/reduced waste [k] which can help reduce (average) cost [an] which can reduce its cash outflows of \(\$ 600000\) [app]
- Increase output [k]
- Can improve competitiveness [k] of the mine [app]
- Improve customer service [k]
- Management training can help improve business decisions [k]
Other appropriate responses should be credited.
Knowledge points:
2.3.1.1. Recruitment and selection methods
2.3.1.2. Difference between internal recruitment and external recruitment
2.3.1.3. Main stages in recruitment and selection of employees
2.3.1.4. Recommend and justify who to employ in given circumstances
2.3.1.5. Benefits and limitations of part-time employees and full-time employees
2.3.2.1. Importance of training to a business and to employees
2.3.2.2. Benefits and limitations of induction training, on-the-job training and off-the-job training
2.3.3.1. Difference between dismissal and redundancy with examples
2.3.3.2. Understand situations in which downsizing the workforce might be necessary, e.g. automation or reduced demand for products
2.3.3.3. Recommend and justify which employees to make redundant in given circumstances
2.3.4.1. Legal controls over employment contracts, unfair dismissal, discrimination, health and safety, legal minimum wage
Solution:
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