FORMATIVE ASSESSMENT $2$

Read the project scenario below and answer ALL the questions that follow.

SCENARIO

You are the HR Manager at Remarkable Insurance.

Established in $2020,$ Remarkable Insurance is a relatively new insurance company in South Africa. The company offers a

comprehensive range of products including life insurance, home insurance and car insurance.

Remarkable Insurance has recently embarked on a growth strategy. So as to support the implementation of the growth

strategy, the Remarkable Insurance Management Committee have identified that the company needs to boost sales while

keeping costs as low as possible.

Note: In preparing answers to the various project questions, learners are required to read beyond the scope of the

MANCOSA Module Guide. Consult a range of sound academic sources $($such as textbooks and academic journal articles$)$ in

completing this project.

QUESTION $1(25$ marks$)$

In the past, HR has not been held in high regard at Remarkable Insurance, and it has never been considered to be of any

strategic value. You aim to change this perception of HR through making the Management Committee aware of strategic

human resource management $($SHRM$).$

As HR Manager, write an email to the Remarkable Insurance Management Committee in which you discuss how strategic

human resource management $($SHRM$)$ can assist the company in effectively implementing its strategy of growth. Include

examples, relevant to the context of Remarkable Insurance, in your email.