Interdependence With Other Key Business Functions (HSC SSCE Business Studies): Flashcards

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Interdependence With Other Key Business Functions
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Interdependence in business

Mutual dependence key business functions have on one another

Three financial benefits of effective HR

Profitability gains, share price increases, long-term survival

Australian admin worker cost vs Philippines

Six times more to employ in Australia

Offshore operations cost reduction potential

Up to 60%, with wages accounting for ~20% of savings

HR and marketing link focus

Building and maintaining strong customer relationships

Kathmandu's core purpose statement

Inspire and equip the adventurer in everyone

Number of key areas for specialist HR managers

Seven key areas

Google's HR department name

People Operations (POps)

Google's People Operations mantra

Find them, grow them, keep them

Strategic HR manager awareness requirements

Global trends, labour markets, IR, risk, auditing

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