relationship between HR and BO Flashcards
to make a profit
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.
to increase market share
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
meet shareholder expectation
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.
human resource management
the organisation of employees, roles and working conditions.
to fulfil social need
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.
to fulfil a market need
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
to improve efficiency
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.
to improve effectiveness
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.
