Setting human resource objectives Key Terms

HR objectives and approaches

HR objectives and approaches is a Business concept used to analyse Explain the value of human resource objectives including engagement, talent development, training, diversity, values alignment and employee numbers, skills and location.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

engagement

engagement should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

training

training affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

diversity

diversity has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

HR objectives and approaches decision

HR objectives and approaches decision becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.

HR objectives and approaches

HR objectives and approaches is a Business concept used to analyse Compare soft and hard HRM approaches for achieving human resource objectives.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

hard HRM

hard HRM should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

HR objectives and approaches decision

HR objectives and approaches decision affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

HR objectives and approaches stakeholder impact

HR objectives and approaches stakeholder impact has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

HR objectives and approaches financial impact

HR objectives and approaches financial impact becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.