Question: QUESTION 3 ( 4 0 marks ) Tech - Inc. is a rapidly growing tech startup specializing in innovative software solutions for the healthcare industry.

QUESTION 3(40 marks) Tech-Inc. is a rapidly growing tech startup specializing in innovative software solutions for the healthcare industry. Founded in 2011, the company has experienced significant expansion, going from a small team of 10 to over 120 employees in just five years. This rapid growth has presented both exciting opportunities and significant challenges for the company's Human Resource Department. Tech-Inc prides itself on its dynamic and employee-centric culture. However, the HR department, initially designed to support a smaller organization, is now struggling to keep pace with the increasing demands of a larger workforce. While some HR policies are in place, they are often outdated or ill-defined, leading to inconsistencies and confusion among employees. The existing HR policies are as outlined below Recruitment and Selection: A basic policy exists, outlining the steps involved in hiring new employees. However, it lacks detail regarding diversity and inclusion considerations, employer branding, and effective candidate assessment methods. Compensation and Benefits: A salary structure is in place, but it hasn't been revised to reflect market trends or performance-based incentives. Employee benefits are limited and haven't been expanded to cater to the diverse needs of a growing workforce. Employee Training and Development: Some training programs are offered, but they are not strategically aligned with employee career development or the company's long-term goals. Employee Relations: A basic policy outlines grievance procedures, but it lacks detail regarding conflict resolution, disciplinary actions, and performance management. The organisation faces many other challenges including lack of formalised policies, where there is absence of clear and comprehensive HR policies in key areas leading to inconsistencies, misunderstandings, and potential legal issues. There are also scaling HR processes where the HR department is struggling to manage the increased volume of HR related tasks such as on boarding, payroll processing and benefits administration. Another challenge is maintaining company culture, As the company grows, it's becoming challenging to preserve its unique culture and values. Lastly the lack of clear career development paths and limited benefits are impacting employ Required: a. When is the ideal time to develop or revise an HR policy? (15 marks) b. Identify three key HR policy gaps, policies to be included as well as their benefits to Tech-Inc. (20 marks) c. How can Tech-Inc. ensure effective communication and implementation of its HR policies?
(5 marks) QUESTION 4[10 marks] Describe five different types of employee benefits

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