M3 topic 2 part 4 economic, technological,social,ethical influences Flashcards
what determines the demand for workers
the demand for products
what determines the demand for products
economic cycle
what happens during a downturn on the economic cycle (3)
consumer confidence falls/ they buy less
business output lowers
some workers lose there jobs
what happens during an upturn (3)
increase in consumer confidence
business output increases
more demand for employment
what are structural changes
the nature + pattern of employment
what is an example of structural change in Australia,and why is it like this
rapid growth in the service sector,
decline in manufacturing, due to globalisation and technological change
what are some positive impact of technology for H.R(3)
Develop more efficient production techniques
Encourages employees to deliver products/services in new ways
Employees are up-skilled, training for the new tech
what are some negative impact of technology (3)
loss of employment
reduced employee morale
employee resistance to change
list new social trends that influence H.R (5)
Employers + employees seek more flexible arrangements
More part time, casual workers
Change in social expectations for women
Change jobs within short periods (5 years)
Older people working longer
what does CSR stand for
corporate social responsibility,
what is CSR
a commitment companies make to have ethical practices and contribute to economic development and improve the quality of life for the workforce and their families
what are some ways businesses demonstrate their commitment to CSR (3)
supporting projects
funding research
maintaining environmentally friendly projects
what are some H.R strategies used to promote CSR (3)
promoting affirmative action and anti discrimination programs
develop initiatives to reduce environment impacts
encourage staff to volunteer in the community
what is a code of conduct
non legally binding set of rules that ensure that individual follow ethical practices
what do ethical H.R practices ensure (3)
workplace culture is supportive and productive
employees work at full potential
business work at full potential
