Human Resource Management and Business Objectives (VCE SSCE Business Management): Quizzes

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Human Resource Management and Business Objectives
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What are business objectives?

Specific, measurable targets for goals

What are stakeholders?

Individuals/groups affected by business

How are employees described in relation to business costs and assets?

Both the biggest cost & most valuable asset

In staff management capacity, what authority do HR managers have over other departments?

No direct authority - advisory role only

What does the 'A' in SMART objectives stand for?

Achievable

Who developed Management by Objectives (MBO) in 1954?

Peter Drucker

What is employee engagement?

Commitment from identifying with values

What is one measurable benefit of employee engagement?

Reduced absenteeism

Which approach helps create employee engagement?

Clear communication about business direction

Who typically handles employee decisions in micro and small businesses?

The owner

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