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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
The employee is a crucial stakeholder within the business. They have a vested interest in the organization as they receive a wage or salary in exchange for their work. The human resources function plays a vital role in ensuring that employees feel secure in their jobs and are treated fairly. For instance, HR is responsible for employee recruitment, training, and development, thereby fostering a supportive working environment that enhances employee satisfaction and retention.
Step 2
Explain how this business exhibits corporate social responsibility in the management of employees.
Answer
This business demonstrates corporate social responsibility (CSR) through its commitment to fair labor practices and employee welfare. By providing flexible working conditions, the organization not only respects the personal needs of its employees but also fosters a healthier work-life balance. Additionally, the business might engage in regular employee consultations, ensuring their voices are heard in decision-making processes. Such practices underline the company's dedication to ethical standards and social equity, contributing to a positive organizational culture.