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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