When you say "I didn't choose it", I'm presuming your desired timetable didn't work out...
But in regards to your question: working capital management refers to the management of current assets and liabilities. This may include maintaining a low level of overdrafts and accounts payable, whilst also ensuring the efficient collection of accounts receivable and utilising an efficient method of inventory control, such as Just-In-Time (JIT).
Effective employment relations refers to areas such as:
- communications sytems e.g. worker participation and grievance procedures
- rewards
- training and development
- flexible working conditions
- measuring the effectiveness of a business's management of human resources
