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A business has highly skilled employees who are valued for their input in the decision-making process - HSC - SSCE Business Studies - Question 22 - 2024 - Paper 1
Question 22
A business has highly skilled employees who are valued for their input in the decision-making process. Employees are consulted in setting objectives and have an infl... show full transcript
Worked Solution & Example Answer:A business has highly skilled employees who are valued for their input in the decision-making process - HSC - SSCE Business Studies - Question 22 - 2024 - Paper 1
Step 1
Outline the relationship between ONE stakeholder and the human resources function of this business.
Answer
Employees are a key stakeholder in the business as they directly contribute to its success through their skills and expertise. The human resources function is responsible for recruiting, training, and retaining these employees. This relationship ensures that employees are valued and have a stake in the decision-making processes, which can lead to higher job satisfaction and productivity.
Step 2
Explain how this business exhibits corporate social responsibility in the management of employees.
Answer
The business demonstrates corporate social responsibility (CSR) by prioritizing the welfare of its employees. This includes implementing flexible working conditions that promote work-life balance and support the mental well-being of staff. Additionally, the business may engage in fair employment practices, offer professional development opportunities, and ensure a diverse and inclusive workplace, which all contribute to a positive working environment and reflect its commitment to social responsibility.