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HRM3701 Assignment 1 Semester 2 2024 (585848) - DUE 26 August 2024 $2.50   Add to cart

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HRM3701 Assignment 1 Semester 2 2024 (585848) - DUE 26 August 2024

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HRM3701 Assignment 1 Semester 2 2024 (585848) - DUE 26 August 2024 QUESTIONS WITH ANSWERS

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  • August 26, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
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HRM3701 Assignment 1
Semester 2 2024
(585848) - DUE 26
August 2024
QUESTIONS WITH COMPLETE ANSWERS




[School]
[Course title]

, HRM3701 Assignment 1 Semester 2 2024 (585848) - DUE 26 August 2024




Operational context NOVA Economics is a specialist economic and development consulting firm

which employs 120 people, the consultants are all economists, financial analysts and computer

scientists. Most of the staff are between their 30s and mid-40s many with master’s degrees and

some with PhDs. Founded in 2002, NOVA Economics provides clients with the in-depth

expertise and analysis necessary to make the right choices. The consultants combine a deep

understanding of the Southern African business and policy context with specialist skills in

international trade, public policy and regulation, competition economics and climate change. The

work is very technical, involving large amounts of data analysis. Where NOVA Economics does

not have specialist skills in-house, the consulting firm was able to draw on a network of local

experts and academics as well as their strategic business partners in Australia and Europe. Before

lockdown, staff were used to remote videoconferencing with clients, and company policy

allowed working from home one day a week, but this wasn’t particularly commonplace. The

Managing Director Yash Ramkolowan commented that ‘even if once a week someone would

work from home, the rest of the team would be in the office, so it did have the feeling that most

people were in the office most of the time.’ In terms of flexible hours, there was already a culture

of flexing the start and end of the day, both for work–life balance needs and to enable meetings

with “THEIR” clients in different time zones. While some staff made use of this, many also

worked traditional office hours, and core hours of 11.00 to 15.00 were in place. The type of

knowledge work done by NOVA Economics could hardly be better suited to working from

home, or indeed to flexing hours; as Yash commented: ‘In terms of our client needs, there isn’t

any specific need to be in the office or producing from very set hours. A lot of the work that we

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