Assessment 3: Individual Assignment 2 (15%) Individual Assignment 2 Questions Students will be required to write and submit a written assignment as outlined in Introduction to Assignment Booklet. Assignments help you and your coordinator/tutors gauge your progression in the course. Question details are given below. Instruction Answer any three of the five questions given in this assignment. Approximate length (exclusive of references and appendices) for each question should be roughly one page, which is approximately 350-400 words. Where possible, support your discussion for each question with hypothetical or real-life examples. Each question is worth five marks. Question 1 Alexander was interviewed for an entry-level financial analyst position at a well-known asset management company in Suva. Alexander was asked questions about the current state of the local stock market, the current net worth of specific financial firms, and concepts such as mergers and leverage from a set of pre-determined questions that the interviewer had prepared. Identify the type of interview the interviewer had used in the above situation and discuss its advantages and disadvantages. Briefly describe a different form of an interview the interviewer could use in the above case. Question 2 The needs assessment, the first stage in managing training, involves analysing the organisation's needs: the knowledge, skill and the ability needed to perform the job, including gauging the person's needs. In light of the above statement, discuss: Why needs assessment is a requirement for determining the training contents Despite its importance, state why numerous organisations continue to bypass the needs assessment stage of the training process. Question 3 Define labour union and discuss how it is different from labour relations. Furthermore, explain why employees would wish to join labour unions. Question 4 Surveys and research indicate that most employees are not satisfied with one or more aspects of performance evaluation systems. It is not surprising, therefore, that organizations are experimenting with alternatives such as the "360-degree feedback" to the traditional 'supervisor only' downward appraisal. Discuss: What is "360-degree feedback?" Advantages of a "360-degree feedback" over more traditional performance appraisal systems that use only downward feedback? Disadvantages in implementing a "360-degree feedback system"? Question 5 Suppose you are a human resource professional at a company setting up work teams for production and sales. Explain at least four legal requirements which need to be embedded in your pay structure to support this new work arrangement