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The Company is not in loss .

read carefully paragraph 

(Company unlikely not meets its profit target)

The Company is not in loss .

read carefully paragraph 

(Company unlikely not meets its profit target)

In HRM we studied that, how to planning, organizing, staffing, leading, and controlling a company and it's employees. A company must be successful if the company has high profitability, High number of sales per employee and the value of market are also high. As an HR expert the company can be in loss due to the following reasons:

Company will be in loss due to cut in wages of employees of 1% would to the trick

The employees not performing well and not to motivate people in company because the company facing financial pressure

The labor union are selected as model of union by some companies

Managing director and finance director are not performing well that's why only 1% the union has been cooperative 

Helpful link to get idea about assignment solution 

https://yourbusiness.azcentral.com/labor-union-vs-human-resource-ma... 

Human Resource Management ( MGT 501 ) Solved Assignment No 1 By haider malik 

I m pasting my solved assignment for all my fellows.Plz 1st read it carefull and if you consider it right then you can follow it other wise not but according to me its fine but still I can not guarantee you about the getting maximum marks.

  1. If chiefs settle on poor choices, the HR division neither dependably have the capacity to determine the circumstances nor can an association's legitimate office take care of issues made by supervisors.
  2. The capacity of the lawful office is as far as possible harm after it has just been happened.
  3. The organization is confronting budgetary emergencies because of impressive HR laws broken and are not completely taken after by the administrators.
  4. Compliance with the law has likewise not been attempted by the organization's supervisor while basic leadership since it advances safe business exercises and on the second hand it prompts great administration rehearses.
  5. The executives is by all accounts feeble in basic leadership and anticipating the future difficulties to be looked by the organization.
  6. The budgetary supervisor has detailed late also to the overseeing executive about the business misfortune.
  7. Cutting of workers compensation isn't the arrangement since it will prompt poor occupation execution and disappointment among the representatives.

MGT501
Idea solution
Questions 1
The purposes of a human resources department and a labor union are decidedly different. HR serves the goals of the business and makes sure that the company attains higher productivity at low cost. Conversely, the purpose of a union is to safeguard the interests of the workers. These purposes set their respective functions.The functions of a labor union can also be divided into two categories. One function seeks the effective administration of the union from within, which includes proper utilization of funds and dissemination of information. The other function seeks to monitor the interests of workers, represent workers when disagreements with employers arise and ensure that workers receive fair pay for their services. Subtle functions include conducting research and analysis of employment changes and developing training programs to equip workers with the knowledge and expertise needed to work within a changing environment.
Small business HR managers have additional tasks to manage if their company becomes unionized. In small businesses, HR managers have a dual role as they look after the company's welfare and manage and strengthen the employer-employee relationship. The role of these managers in labor contract negotiations involves maintaining a balance between the two roles. They must represent the company and its management directions while they engage in good faith bargaining with labor union representatives. They must strive to reach solutions that are acceptable to management, as well as the labor union.

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