key influences of human resource management Flashcards
(7 cards)
what falls under key influences of HRM
STEELS
Stakeholders
Technology
Economic
Ethics and CSR
Legal (the current legal framework)
Social (living standards + changing work patterns)
Stakeholders
GUSEEE
Governement orginisations
Unions
Society
Employers
Employees
Employer associations
technological
It is causing the nature of production services to change and jobs to be created while others are made redundant
- increases efficiency
- Promotes and allows for remote work
- introduced the need for about intensive workforces (manufacturing)
economic
GBS “girls bible study”
GLOBALISATION:
- a demand for employees from different countries
- a need for training and development in a multicultural work environment (different customs)
- increased need to retain and attract motivated staff (competition globally)
BUSINESS LIFE CYCLE
- strong economic growth = demand for employment (competition)
- weak economic growth = reduced costs of labour (less jobs) improving efficiency
* STRUCTURAL CHANGE*
- a change in the nature and pattern of goods and services within an economy
- as the economy undergoes structural change opportunities in some areas are created where others are lost (AI)
Ethics and corporate social responsibility
Working conditions:
- how the employer provides safe working conditions eg complies with WHS laws
Issues Influencing Corporate Ethics:
- compliance with WHS laws
- communication
- providing training oppotunities
Legal - the current legal framework
“two cool women went and eloped”
The employment contract
Common law (awards, minimum wage rates, enterprise agreements, minimum employment standards)
Work health and safety + workers compensation
Antidiscrimination - EEO (equal employment opportunity)
social
LIVING CONDITIONS
- influenced by the government + economy eg, superannuation, leave entitlements, stong /weak economy
CHANGING WORK PATTERNS
- how work patterns have changed over time (eg more women in the workforce),
