Human Resources Notes

Summary:

The “Human Resources Notes” provide a comprehensive overview of the significance of HR in business organizations. The notes cover various aspects of HR, such as its strategic role, interdependence with other business functions, outsourcing, legal obligations, factors influencing it, ethical issues, and corporate social responsibility. The notes emphasize the importance of maintaining a healthy relationship between the employer and employee, the collaboration between different departments, ethical frameworks for the workplace, and the significance of CSR in creating a safe and positive work environment. These notes can be a valuable resource for students and professionals seeking an in-depth understanding of HR, preparing for exams, or enhancing their HR knowledge and professional expertise.

Excerpt:

Human Resources Notes

HUMAN RESOURCES

• Strategic role
• Interdependence with other key business functions
• Outsourcing
• Influences
  • Stakeholders
    o Legal
    • Common law
  • Economico
  • Technological
  • Social
• Ethical issues
• CSR

Human Resources

Strategic role: Provides businesses with employees with the skills and experience required to achieve long–term goals.

• Refers to the relationship between employer and team member

To ensure HR develops and maintains a workforce that is efficient, productive and flexible:

Interdependence with other key business functions

• Operations: works with HR to ensure businesses have recruited employees with adequate skills/experience necessary to produce a product/provide a service
• Marketing: involved in product design and development
• Finance: assists in the objectives of HR (being the main source to measure the businesses performance), providing an insight into the employment needs within businesses

Outsourcing: Involves using external sources to perform business activities for the business. Reasons for outsourcing:

• To reduce costs
• To retain superior products/services

Influences

• Stakeholders: any individual or group with a common interest in a business. E.g. common interest = survival + success