relationship between HR and BO

Question 1

to make a profit

Answer 1

Effect of successfully managing employees:

When employees have increased job satisfaction, the number of employees leaving the business is likely to decrease

effect on business:
The costs associated with recruiting and training replacement employees for leaving staff are reduced.

Question 2

to increase market share

Answer 2

Effect of successfully managing employees:
When employees have increased job satisfaction, the
quality of the goods and services manufactured and delivered is likely to also increase.

effect on business:
A higher quality of goods and services can lead to increased customer satisfaction and sales

Question 3

meet shareholder expectation

Answer 3

Effect of successfully managing employees:
When employees have increased job satisfaction, they are motivated to work harder and to a higher standard.

effect on business:
Highly motivated employees can enable a business to increase its sales and profit, allowing higher dividends to be paid to shareholders.

Question 4

human resource management

Answer 4

the organisation of employees, roles and working conditions.

Question 5

to fulfil social need

Answer 5

Effect of successfully managing employees:
When employees have increased job satisfaction, their support of business initiatives is also likely to increase.

effect on business:
Business initiatives that aid the community and reduce waste are more likely to be successful.

Question 6

to fulfil a market need

Answer 6

Effect of successfully managing employees:
When employees have increased job satisfaction, they are more likely to contribute innovative ideas.

effect on business:
A business that produces unique goods and services may be able to better meet customer need

Question 7

to improve efficiency

Answer 7

Effect of successfully managing employees:
When employees have increased job satisfaction, they are more motivated and determined to complete work tasks, doing so in a focused, error-free, and productive manner.

effect on business:
A business is able to produce goods and services at a faster pace and to a higher quality, with fewer errors and discarded materials.

Question 8

to improve effectiveness

Answer 8

Effect of successfully managing employees:
When employees have high job satisfaction, they are more motivated to achieve business objectives and have greater resilience when doing so.

effect on business:
A business can more readily achieve its objectives and continue improving its performance.