1. 1 Chapter 6: Human Resources The Functions of Human Resources Management Royalty or Licensing Fee A royalty is a fee paid to the owner of a patent or copyright by someone who uses it. A licensing fee is money paid to obtain a license. Stock Options Stock options are a form of compensation that gives employees the opportunity to buy shares in the company at a lower-than- market price.

2. 2 Chapter 6: Human Resources The Functions of Human Resources Management Health and Safety Federal and provincial laws require businesses to provide and maintain a safe and healthy work environment. Health Sick pay are wages paid to any employee who is absent from work due to illness. Employers benefit from healthy employees. To encourage this, many businesses have established wellness programs that promote the physical and emotional well-being of their employees.

3. 3 Chapter 6: Human Resources The Functions of Human Resources Management Safety According to Part Two of the Canada Labour Code, employees have the right to be informed about known and foreseeable hazards in the workplace identify and resolve job-related problems in safety and health refuse dangerous work if they have reasonable cause to believe that a situation constitutes a danger

4. 4 Chapter 6: Human Resources Key Employability Skills The Conference Board of Canada has developed a list of employability skills including academic skills, personal management skills, and teamwork skills. Academic Skills Academic skills allow you to obtain, retain, and progress on the job. These skills include the ability to communicate think learn

5. 5 Chapter 6: Human Resources Key Employability Skills Personal Management Skills Canadian employers need people who can demonstrate the following skills, attitudes, and behaviours: positive attitudes and behaviours responsibility Teamwork Skills To achieve organizational goals, employees need to work collaboratively with one another in the workplace.

6. 6 Chapter 6: Human Resources Business Careers Professions such as medicine or the law as well as the trades of plumbing or construction are a few of the career choices that people can make today. General Business A high-school education is usually the minimum requirement for entry- level jobs in business. Accounting Careers Professional accountants must be certified and obtain one of the following designations: Certified Accountants (CA) Certified General Accountants (CGA) Certified Management Accountants (CMA)

7. 7 Chapter 6: Human Resources Business Careers Consulting Careers Consultants are individuals who are paid by businesses for their expertise and advice on specific topics. Entrepreneurship Many successful individuals start their own businesses. They apply their skills and invest capital to create unique businesses that meet the needs and wants of consumers. Financial Careers A financial career involves looking after and giving advice about other people’s investments or assets.

8. 8 Chapter 6: Human Resources Business Careers Human Resources Careers Large corporations seek individuals who have taken human resources management courses at a community college or at university. Marketing Careers The range of careers within marketing differ with most requiring post-secondary education, strong communication skills, and a creative edge. Personal Selling Careers Task ranges, skill levels, and incomes vary to a great extent within the personal sales sector.

9. 9 Chapter 6: Human Resources Rights in the Workplace The Universal Declaration of Human Rights, adopted by the General Assembly of the United Nations on December 10, 1948, is the source for many of the workplace rights available to employees and employers today. The Rights of the Employee The provincial and federal governments provide legislation that determines employment standards for public and private sector employees. Each province has human rights legislation that protects employees against discrimination and harassment. The Right of the Employer Employers have the right to hire, dismiss, and promote employees, and to establish conditions of employment that best serve their business goals.