Role Flashcards
1
Q
Strategic role of HRM
A
The management of the total relationship between employer and employee’s to achieve the strategic goal of the business
2
Q
Objectives
A
- Increase productivity
- Decrease costs
- Legal compliance
- Social and ethical responsibility
3
Q
Outsourcing
A
Human resource function or using contractors
Advantages: cost efficiency
disadvantages: can loose control of aspects of the function
4
Q
HR Interdependance (contribution)
A
Maintaining relationship between employee’s as well as providing highly skilled workers
5
Q
HR interdependance (reliance)
A
Operations: maintain highest productivity to achieve the lowest use of HR
Finance: Budgeting and allocation financial resources
Marketing: Successful marketing contributes to maintaining employees and attracting quality workers
