Singh Foods (SF) produces a variety of pickles and preserves, including jams. Even though the economy is in recession, the business has grown rapidly. The Human Resources manager thinks employees have contributed to SF’s success by accepting new working methods. She motivates the 200 full-time employees using both profit sharing and non-financial techniques. Only a small number of employees leave each year. Most communication takes place via a weekly printed newsletter. She is unsure whether this is still the most effective way to keep in touch with employees.
(a)[2]
What does the phrase ‘economy is in recession’ mean?
(b)[2]
Identify two non-financial methods that SF may use to motivate employees.
(c)[4]
Identify and explain two advantages to SF of profit sharing.
(d)[6]
Identify and explain two advantages to SF of having few employees leave each year.
(e)[6]
Do you consider a newsletter to be the best method for SF to use when communicating with employees? Support your answer.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “A prolonged (over a period of time) decrease in GDP/output” …