Key Principles of Occupational Safety and Health
1. Principles of Occupational Safety and Health
- Precautionary principle
- Principle of information and training
- Principle of accountability
- Principle of protection
- Principle of cooperation
2. The Function of the Health and Safety Supervisor
- Report any incident or accident immediately.
- Participate in safety and health inspections.
- Ensure compliance with internal rules and existing health and safety regulations.
- Conduct health and safety inductions for staff.
- Participate in internal audits of safety and health.
Resource-Based View (RBV) and SWOT Analysis Explained
Internal Analysis: Understanding Resources, Competencies, and SWOT
- An attribute or collection of attributes possessed by most organizations in a sector.
- An attribute or collection of attributes specific to an organization, enabling above-average performance.
- An input employed in the activities of the business.
- A bundle of resources and competencies creating distinctive capability and competitive advantage.
Resources
Builder’s Guide: Financial Planning, Tax, and Credit Policies
Financial Planning for Builders: A Comprehensive Guide
1. Key Consultants for Establishing a Financial Plan
A professional builder may consult the following experts to establish a sound business financial plan:
- Financial Advisors: Assist in resolving financial conflicts.
- Accountants: Recommend financial actions and ensure compliance with legal requirements.
- Bookkeepers: Document financial transactions accurately.
- Experienced Builders: Provide advice on structuring a successful company.
- Financial Backers:
Business Structures, Assets, and Accounting Essentials
Organizations
There are all kinds of organizations. Organizations administer plans and require organization, coordination, and control. Organizations, when well-managed, are effective, doing the right things correctly.
Production Factors
Production factors are the elements of wealth used in the production of goods and services:
- Nature: Natural resources
- Goods and Services (BYS): Products and services offered
- Labor: Human effort
- Capital: Money to set up operations and purchase technology
- Time: A critical
Business Organization and Management Process
Organizational Models
Companies can adopt various organizational structures, each with its advantages and disadvantages:
- Linear or Hierarchical: Based on the direct authority of the head over their subordinates.
- Advantages: Clarity, simplicity, and well-defined responsibilities.
- Disadvantages: Undemocratic, little relationship between departments, and unspecialized management.
- Functional: Lower levels are connected to different specialists, each an expert in their function.
- Advantages: Expertise develops,
Understanding Employee Compensation and Payroll Concepts
Understanding Employee Compensation
Contributions are considered accruals, which are amounts received by the worker for various reasons, independent of salary and not listed under social security.
Pay and Base Salary
Pay encompasses all the worker’s economic earnings in cash or in kind.
The base salary of the worker is fixed by a unit of time or work.
Pay Supplements
Pay supplements are added to the basic wage and are set according to various circumstances.
- Personal Accessories: These are based on personal