Mastering Human Resources - HSC Business Studies Topic 4

This student topic book has explanatory notes on the HSC Business Studies topic Human Resources.

Its purpose is to provide a concise, yet comprehensive coverage of the Human Resources topic in the HSC Course. Students are advised to seek other references and case studies in this subject because it is important to read as widely as possible in order to get the most from your study of the topic.

As far as possible, the material is presented in the same order as the Board of Studies syllabus.

Contents

4.1 The Role of Human Resource Management

• The Strategic role of human resources
• Interdependence with other key business functions
• Outsourcing

4.2 Key Influences on Human Resource Management

• Stakeholders: employers, employees, employer associations, unions, government organisation, society
• Legal: the current legal framework
• Economic influences
• Technological influences
• Social influences such as changing work patterns and living standards
• Ethics and corporate responsibility

4.3 Processes of Human Resource Management

• Acquisition
• Development
• Maintenance
• Separation

4.4 Strategies in Human Resource Management

• Leadership style
• Job design – general or specific tasks
• Recruitment, internal or external, general or specific skills
• Training and development, current or future skills
• Performance management – developmental or administrative
• Rewards – monetary and non-monetary, individual or group, performance pay
• Global – costs, skills, supply
• Workplace disputes

4.5 Effectiveness of Human Resource Management

• Indicators