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HSC - Business Studies, Human Resource Management with complete solutions graded A+ passed
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HSC - Business Studies, Human Resource Management with complete solutions graded A+ passed
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HSC - Business Studies, HumanResource Management
Human Resource Management - correct answer ✔✔Refers to the management of the total relationship
between an employer and employee
Strategic Role of Human Resources - correct answer ✔✔to manage all aspects of the employer-
employee relationship in the workplace in order to achieve the strategic goals of the business. This
encompasses functions such as recruitment, equal opportunity, training, development and separation
In turn, this means conflicts will be minimized, staff morale heightened and hence productivity levels at a
maximum
HR and Operations - correct answer ✔✔interdependent because a bulk of employees is in the [...]
function. It is therefore through planning staff needs, acquiring employees, training and developing
them, supervision and maintenance and conflict resolution that these two functions are interdependent
HR and Marketing - correct answer ✔✔interdependent because [...] is responsible for employing and
training individuals to carry out specialised marketing activities, such as new product design and
development
HR and Finance - correct answer ✔✔interdependent because [...] ensures there are sufficient, properly
trained staff, and because [...] provides crucial data and funds to HR which provide insight into staffing
and development needs.
Outsourcing - correct answer ✔✔refers to the taking to market those activities that can be done more
efficiently and cost-effectively by an external vendor
Processes outsourcing and Project outsourcing - correct answer ✔✔The two types of outsourcing
Contractors - correct answer ✔✔are external providers of services to a business. It may be an individual
or a business. They are often used to create cost savings or gain greater expertise to improve
competitiveness
, Domestic contractors - correct answer ✔✔are increasingly common today and allow businesses to focus
their resources on essential business activities. However, this holds the risk of the potential loss of direct
customer contact, which may impact on sale in the long-term
Global Contractors - correct answer ✔✔Many firms have turned towards [...] in countries such as India
where wages are low due to increased global competition. This can save costs and allow the business to
devote its resources to essential business activities. However, this holds the risk of potentially falling
quality, hidden costs and staff morale and motivation being damaged
Stakeholders - correct answer ✔✔Anybody or anything that has a vested interest in the business
- Society
- Employers
- Employees
- Governments and government organisations
- Employer associations
- Trade unions - correct answer ✔✔Stakeholders in business include (SEE-GET)
Trade unions - correct answer ✔✔EMPLOYEES are represented by [....] - organisations formed by
employees in an industry, trade or occupation to represent them in efforts to improve wages and the
working conditions of their members. Membership in these has declined in recent years
Employer associations - correct answer ✔✔EMPLOYERS are represented by [...] - they assist in
formulating policies and processing logs of claims (list of demand made by workers e.g. specific wage
increases) served on their members by trade unions
Industrial tribunals - correct answer ✔✔such as Fair Work Australia (FWA) influence HRM by enforcing
laws established by governments. The primary roles of FWA include settling disputes through
conciliation, supervising the making of agreements or awards and award simplification. Breaches of
FWA's orders can lead to fines up to $6,600 for individuals and $33,000 for unions
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