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 $4(25$ marks$)$

Remarkable Insurance$$s growth strategy has not only brought about increased business and increased profitability for the

company, but also an increase in the size of the Remarkable Insurance workforce. The workforce has grown from $150$

employees to $280$ employees within the space of two years. As HR Manager, you realise it would be beneficial to introduce

electronic human resource management $($E$-$HRM$)$ at this point in the organisation$$s growth. However, first you will need to

get approval to do so from the Management Committee.

As HR manager, prepare a report to the Management Committee, in which you introduce them to electronic human

resource management $($E$-$HRM$)$ and discuss the benefits that it will bring about for Remarkable Insurance.