Key Influences of HR Management Flashcards
Stakeholder
Anyone who has a legitimate interest in the business
Examples of Stakeholders
Employees, Employer Associations, Unions, etc.
Employers
Assumed to be motivated by profits
Employer-Employment Objectives
- Hiring employees w/ appropriate skills
- Improve flexibility
- minimise industry disputes
Employees
Assumed to want to work for the least time possible & for the maximised wage attainable
Employee-Employment Objectives
- Higher Wages
- Promotion Opportunities
Unions
Organisation formed by employees in an industry, trade or occupation to represent them in efforts to improve the wages and working conditions of their members
Role of Unions
- Assist employees w/ disputes @ the workplace
- Act as a bargaining agent in enterprise agreement negotiations
Governments
Multi-faceted stakeholders in HR management
Functions of Government
- Legislator
- Responsible Economic Manager
- Employer
- Administrator of Policies
- International Representative
Legislator (Government)
Set legal frameworks for employers and employees
Responsible Economic Manager (Government)
Set monetary policy and ensure stable economic growth
Employer (Government)
Employ 1/3 of Australian Workers
Administrator of Policies (Government)
Implementing and communicating employment legislation
International Representative (Government)
Member of the international labour organisation that implements some policies (e.g: discrimination)
Statutes
Provide a key framework for employee/employer relations
Examples of Statues
- WHS
- Workers Comp.
Society
Sees outsourcing as a negative, as unemployment rates rise
- also want non-wage benefits, prioritised health and safety