relationship between human resource management and business objectives

Question 1

what is human resource management?

Answer 1

• the effective management of the formal relationship between the employer and employees.

small/medium business = business owner is HRM
large business = specialised HRM

Question 2

what is a human resource manager?

Answer 2

• coordinates all the activities involved in acquiring, developing, maintaing and terminating employees from a business’s human resource.

Question 3

what is the responsibility of a HRM?

Answer 3

making sure the business can make the most out of its employees. motivated employees are more likely to work hard to achieve those objectives therefore employee motivation is central to HRM.

Question 4

How HR strategies can support business objectives: increase market share

Answer 4

HR objective: increase worker productivity
the strategy: introduce motivation strategies

Question 5

How HR strategies can support business objectives: increase in sales

Answer 5

HR objective: develop sales skilss
the strategy: performance-related pay

Question 6

How HR strategies can support business objectives: increase in profit

Answer 6

HR objective: improve product knowledge
the strategy: ongoing training

Question 7

How HR strategies can support business objectives: provide safe workplace

Answer 7

HR objective: reduce nuber of accidents
the strategy: establishment of work teams introduction of flexible work practices