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hsc business studies breakdown

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Allnotes

hsc business studies breakdown

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role of operations management oe pow + strategic role of operations management — cost leadership, good/service differentiation bf ees Covey ay Cost~ ogferse, fom corpehins ‘¢ goods and/or services in different industries po eee primary Secondary GR derfay feinam —g veternarcy ‘interdependence with other key business functions or produ precletr “ \ se (ooh kr FIN HE (labours) we redia’ Cogren) we influences ve bey oats PRUE us «oh er f poe rack (AD LAM robenis, FeKub hf” oe cots ‘globalisation, techrology, quality expectations, cost-based competftion, government policies, legal inability. (eore, rerovret regulation, environmental sustainability. (€¢ tt ens '* corporate social responsibility — the difference between legal compliance and ethical responsibility — environmental sustainability and social responsibility Aborw § begoro kgal 1g. ; Duta 66 Core fe SH Leholees operations processes * inputs transformed resources (materials, information, customers) goer ato make Prot Me keorep He (KR — transforming resources (human resources, facilities) helps do probe. The proc t- ples NOT fea th &© ‘transformation processes ~the influence of volume, variety, variation in demand and visibility (customer contact) - bie ameent” olitbenr —chetyey ing. QPeelhachy eat contre ; MR mid fcr erect - can thea i ip — sequencing and scheduling ~ Gantt charts, criti path analysis ery - Bor thont Kubek petclt tn be done yee genie - Sf is att pleare a can be COA ovectar 3 hamiry °F farts, Shows Utah © = technology, task design and process layout fotos SW te fae a dah ey. Hemtas assembly of Age olor Sia) - TeRieey . f the factor. Convict satety F Lene oe Oe Solr re ehh ~ monitoring, control and improvement y r Oral] pryroVhen m&sere ~ pala of bfccente, t acher ol to reoluen” arty Planred vs ache! Lottlenecty | keels + outputs ~cusomerservce —L4, after, sung — Restorer legalhy. = warranties — kegal regetmement —Comp. & lCorsemer feF4 ZO/O — few Ite Heme : Change cutet operations strategies Pet. leet Yoraon iu Cons - * performance object ality, speed, dependability, flexibility, customisation, cost oe ‘ctoian t+ relfubye yoha i ; Preys 4a othscof, ese, ‘s new product or service design and development Pe sy oly #S relevent, jncreare praclht Chars 7 ee ‘ ma lo Prorlet reser ¢ R~D TD possibisity to be dnitedof * supply chain management logistics, ecommerce, global soureng— gy Ta Mererrent J — outs Pransporba hon oe H nek in 49 Sour Cheapes Orereag inPA Oniine bh + ‘Toone peepee. ~ Paidelfemas is cur oF ED! © outsourcing ~ advantages and disadvantages cheay A Ness of Pgvalite contre | experts N baheep € cence Poreding goo owarteble tech reguineA ~ foretg” Jats Oretiay , # technology - leading edge, established A vanes poleres raat Caw, 5 L efie! achvercs ; earl Pees, Tee Ret fe oy, pecof beta beer Seal - * inventory management ~ advantages and disadvantages of holding stock, LIFO (last-in-first-out), FIFO (first-in-first-out), JIT (just-in-time) Peete costly. S#neas in, Mot Gold in, frst a pacers Sele recs, TOUS La bh oid, v0G3 ara a & # profits Removal of Worchore v COOKS . feliance. ory sep lies + quality management mcontro inspect, meare F corre (B4, DUrira, Atten \ massurance Gert Scale (SO FOO , guarantee do epeak af a : demo lod . improvement ey éA & preall proactive appwach ~ precat ang problems Nig ielins by. casts $F Clas feck eretrairns 7 do toga , He a Fe ais seat thigh Sager ore lofzak + overcoming resistance to change ~ financial costs, purchasing new equipment, redundancy payments, retrainingFeorganising plant layout, mera an} ors cp, mat be Vee ore. Enghies spetsy ptrtspas PS 66: Wont 4e PS (anf Orele- He cae # Shere hobler carn feel Ahi trey Uni dp orcreon< Sistine Fe Chag.> * Implement Wis Step +z stag & Galella. ‘* global factors ~ global sourcing, economies of scale, scanning and learning, research and development Souree. idoeks Aili cree 5 copes _/ Obsenze # a learn fom tte pews fe bo B) do ry proces, Tpreckchan Ge oe 3 uo preteen 4 meiatean CHbeue re, x Lserrg Heege globally to Seen aha! te BEST tic are Piet — this oO Lep a role of financial management « strategic role of financial management ) we . Ls tong teers goal Janr~ Bee Cs achieve chjcatines wea * objectives of financial management — profitability, growth, efficiency, liquidity, solvency — short-term Aanenz ra’ ind long-term Financias a casas conflict bly SLT © Quis tee, carves ee abl on see eee aa prin costs, "pot = liguidivy rely Cor erate #0 + interdependence with other key business functions Fin = foncts & bvot . \psaer ™ ne A\\ of eghich Or: nudterey > fnelt = prod oods = nud atiocated re qr fs RSLS aircon foc promcs erplogess. — gacic TO FIN influences on financial management * internal sources of finance — retained profits O Sate of cnwantcdl assets @ Owner's equiry goth go gieer i , ist @ gerard profits arte gO a Mast st ¢ * external sources of finance ~ debt ~ short-term borrawing (overdraft, commercial bills, factoring), long-term borrowing (mortgage, debentures, ea notes, leasing) — equity ~ ordinary shares (new i ie i it NO Cey ft cutlcary | wn gsues, rights issues, pla Nate eaUity Ae i nacamantss~ AOR! ee eportion Beset issue presrceks FP" a ica aces fo Arols All. Shorf te : joteres eheoe ee Some wortany copia) CRtencay lo ¢ (5 ~SO qr fe ts fee perearentant (pererhy) forge awed pore te iw paid Peed 5 ‘ J ye ee we we yt ot oe we aa y 2S 6 @ ox Qa eio EE Wo? wr gD: yo? » ‘ yw e ye 15 Z * financial institutions — banks, investment. ae finance companies, superannuation funds, life insure congas unt rust andthe Austin eure change frimary Mehr vice SS nar ehh in Shores : race boa XK polic compo . BO S FS Coe ves vod cagigem ote + influence of government — Australian Securities and investments Commission, company taxation © Incleperetnd Sphrom Copuis sien _ N0% for vod @ enorce Corporation: Het semall (2) 25 % i HSI Prbe Pea Ov feed + unfair prachias mes ; @ protect contuma ia foeeial ay an Eien rato Mrartep + global market influences — economic outlook, availability of funds, interest rates of fosrhve. $ ~~ Fate of Altes Cheaper to — tyobs to moreg boprow orvseas - Hinworme Tyerdig, —faapeccteel ormb wv, fabe adv © Neakow Caen loon rakes fron uw (oes v ovitie moet | global banks/ perches, fered, Uectyt-| eee: ber trols i A 7 processes of financial management oti “oy rt 2 a in ie * planning and implementing — eran neet budgets, record systems, financial risks, financial 4 controls agecmat (Ores (Braue, theft. Ano inkettt, no need Fo pote back ( an equityfinancing ~ advantages and disadvantages of each” mdnmaend ~ matching the terms and source of finance to business purpose Non Current A > (ong tearm Source of Soerorg Correaf AA > Short form Source of hborren-4. ‘* monitoring and controlling — cash flow statement, income statement, balance sheet sede meat of Peery / Stalemen4 of postion : lrftoee pertormonee : tASLr ee Fy, ae eQPe S-004 cerHe. re CP- Exp: ee Exp = CP -NP- @ * financial ratios liquidity — current ratio (current assets + currentlabilties) Fer Slo? L$ of CA. ~ gearing — debt to equity ratio (total liabilities + total equity) for $1 of E, $— AfOTL — proftabilty~ gross profit ratio (gross profit + sales); net profit ratio (net profit + sales); return on equity ratio (net profit totalequity) fey Sf of Sales, O ‘TOP or S fer $f javestee, Shale leo blir reeirey Jin rehrn, — efficiency — expense ratio (total ee sales), accounts receivable turnover ratio (sales + accounts receivable) heb % ‘ob ley, (2D seer $— on ered wel ee = SAE st mer collect), “ip tia oe 2. clays = mes =_« olays fo collect Az. Want to be lose» — comparative ratio analysis - over different time periods, against standards, with similar businesses ee 5 26, pe ae @ ingore? Cian + limitations of financial reports — normalised earnings, capitalising expenses, valuing assets, ae nn issues, debt repayments, notest6 the financial statements Nee ais af 4 removal of “ore eff Herat eS an attet wy seo Cost a. ining Beats: can genet Ua + oF o Olelaay Peytrents 10 Del os total B/S only rata Orerstade. [uncles tale ooo ati rot aie pretits. taabavely bry othe WF md * ethical issues related to financial reports” tea Clodaa/|. langage . for aera sprreth: pore Fe bo Geol hao ol in keotions Gey envi BX ) Lis Avotting avviel He above. Muabocer perry « = Le cored hecpig ( es i) taleholdas entiilecA te > Reporting praciies (01 selcheties bette ok fee

4es HUMAN BESoURCES THE nade ve bros ee lo errprcy by Nature 6 SHINS ccesrding to ae = Rrtiking react fare fen HO OPERATIONS = creates We pedo Behe 4 | MACUROS, Olesign We mine os dias is Cnet = Fonds § budgets, on Maclet R& “ods[poro Bote. —Meiting Hen Deccan He consorest wont Aprobis for (© ee 1920s "S \ASOs nears S akties prec” \@Bos > i Ae eat oan wpa. (Gracie, pe, pea) fer cestorrers, —cuthmer centric Gas _Losromer’s neck, atte ore = Promo & PAG WW tas charac? B/E of + im congehtion. “4 cual ae resource, industrial, intermediate, consumer, mass, niche Bran mraebok =] | OR EE en Prodoce. FEAT Taw MOKEANS Sei chivectty Crtedls Hoot nae Ore umd OS irene SUPPNES Ort fraced Whelente- +e RAN sing, retailer Famila & Peers, Commngnihy Volves Fisca\ woliek g Influences on marketing Costorns Monetary Polina, t + factors influencing customer choice ~ psychological, sociocultural, economic, government Influences behoias Lv > rronvation SES. ~ perception inuome = learning cutuga ion = beret atthuaes levedl of ed ~ Wheat = persoretity % seh concept Cc ion * Consormer Ret ‘econsumerlaws ACCC ~ induperdent shatwlen comm prove 40 efore Cometiston, * Cor “consumer wortchelag Pics ~ deceptive and misleading advertising — product Pentires content or pleree ee : fork w paik suite adv. —Aiccounty that dont exis = price discrimination — sive. ofE-th 40 paramos lift. retailers for veryg pried. implied conditions — fit for adveetised perprte Toncinene CovRe cleseription —warranties.— gromiree / guarantee = 7 do repair or replace & product ; TE te Pawn Lattin em specea! porno! a0 eagle has Detox tea__ remored wos et Nee Piece taenay VERA Mustenting Dred fasten, x Tneawein etate's mau F table im seoniortdh POTS oF foc j rely on @to & foiled we atuhote tay Oct wesponsiblg Were being Pai + ethical external aK @ = cand control &q. Pai Giobet Finawtion Cine * Sales slows #oecine ae interest roves i # Stead, eroits = vraves ue © Differentiate # oproavet ctatehion . marke tresearch a + oe Renee | Le gathering mfo te hele imprve(E) a = Beale - |\ secre + ethasanch #Primacy Data = collection of into iniHally. ____ product @ = from original sources — OObgervatione( Q > observing behaviowe of customers , @Sorveys ask pel Same &s. (DExperimental 2» examine reactions to a trial, ® Secondary Data= use what has alrecdly been collec cl. binternad cara (bom the © itscle) Or exterral late (wisSEFE © ) — They are goats acierea pia marteting pan. (Mlncrease market share S = specif @ Expand into new geogrophre marle®] VY « meosereble A = achievable (B Expand the product ran ge. reetstre, ® Customer service Toe wmetss /tine beunel + identifying target markets = Qroupe oF customers For whom a produt has been olevelopeA | # MOSS Martek > ALL congumers > ep. water, electricity ‘ ¥ Martat Segment > Common chacacteristres “PEG. age, Gender, income. KNide Maret» Smatter market coihia a market Sequant : me narrows # specitie Customer —_ ent achicee mar leting objectrer Produc odus £ Price. ~ quake, brand , — COst Fe Coster Packaging , prestige — pelow, above om logo, positioning | ‘ Ciemilar to conpehitors fromoten Place —_— . —_———.. aA ~ Aas, pessnal cling , - Availability of the goo relytrorshia marbeting | = Intern, select-e, exclaire & publicity - creates an image of He proctect} — Persuasion Prestrge imprerst Achal us flaited eperective action splemesEiE aonexing and conlkciion © es : ; Actual and planned results revising the marketing strategy aa 0 Moa, 4 Ps fo know ubich Sales analysis le Ctrectegy to implernent : > Leok at actval iy new a olertlepent # cock ~henebt analgsis # forcested sates or - posible rerauevs product clehorn ee costs involweet. Q Mar let Share Analysis — hook at saly of ® vs conpehtors Seles (3) Marketing frobtebility Anata — COS VS revit & ee assesses a tteckceness How your product is perceived conparcol 7 to Competitors, ‘¢ market segmentation, product/service differentiation and positioning, marketing strategies Geagrapric. = \ocoston SS Altering your product [service : How? Demographic = deto\s, A gran Tog , gender, a 4s Customer service Sychographic = personality ale a 3 Poltestgle 3 ehovioural = fouat! (ded oxatty [usoeg. rote Lyenvironmental Contans Why? Bl thes are homogenous Lyconveniene Foups Of ndhividicelS Cho © Alloss CB) 4s be mora react iW A® Simior Cory, Con~ettnet . © products — goods and/or services Ly oleve lope d fo mast nuds/wantg of custames Ly pangible [intangible benefits — branding : => Jolentifies a Prodect vio vic of names, logos, symbols. 3 Must atraict attention (perpose) | be memorable /recognisaule . > Serves as on assorance of quality « Devetoes louarty + — packaging = PHssicok appearane | Consjcler ations: environmental OFonctional role. concerns, brand ident,” Dranding role (abetting ‘ana pret ae of info. © price including pricing methods — cost, market, competition-based If ily & Seevvee itil COSt > based on the Cost of producing [jorite eter Mosher > Supety $ clemand ne Competition > higher , equal to oF lower than competitors (basing price oravnol competitors) — pricing strategies — skimming, penetration, loss leaders, price points z 7 S i Waves + “Lower pricax of fering various qa Higher dened baer) (raised ay of a aie cy aifl 0-4. PS4 was over $1000 prices Barcel, ewe teed ow eont nappa predict 40 ger ppl in range of bueg — price and quality interaction on Ly indicates guality +g. phone pians 4 Pee eae 4 IG Pagehological focing 09: C pretled -eletion Pricing Deveroe long-term relarionthiea w | sep / Poick non-personal = Loyolte, (rewerch « promotion Tawareness Pauaae peohtaon’s Reach large audience — elements of the promotion mix — advertisis ~Bevcioes loyarry ee ree Sales rep persuades % of, Creaton of Sito he saves , Clecrana, an event Ly Brireate er Hee. EOFY sotes, —celeb pai to proadet Bei To Buy t get 2 ee launch news customer. «News Corfomer, Poea ey, ¥ Trials — PR packages commonly + Ascites Sént Fo yourulers cuithy large follower age to shows the produ — the communication process — opinion leaders, word of mouth Prblic £ publicity , no contre! Figure promos Ay Ferm of pub a product = Reachor 40 using He > instageam ods (preckect « ~ Defends on aegrer. oF © place/distribution : sSanctact on — methods of olistibu ton — Availabilry ~ deioon nal, (DP 2 Posing on the responsibility s aie’ “Bez e2c Of abisteibating Jrnar ting AND vid retaiten [reasons 40 ure each are on eg v6me’ — (Sp2WZRLC P9168, soure a2} choice — intensive, selective, exclusive Depend Setvrobe HE. s than, on Hh. Maret. eee i very, limifecd number eH ap Highly averlable ool ‘ef, pf stores Top goer Moderate accessibility, jrock cf-— physical distribution issues — transport, warehousing, inventory conterned with efficient movement of proawets, (DTransports moving goods : type of good $ time nedect seost of fransport 5 hype Ware hovsing = storage bA olistributing + type of good 3 Awe stor eg. only ome placein Syd to buy ex Testa. = tocection of worchouks Q Inventorg= no. of stock on hand: Over /under-stocking [E- Tol Marbeting tin’] + people, processes and physical evidence OPS Services (Dfeople = quatity of interaction j how customers are treateok @ Frotays = Customer's total experience ; the entire process 9 Physical evidence = every visual element of (8) ; Creates anima ~phurical appeccene, presentation # © emarketing — Interact wi] customers online ~> Promote Vilng He iatenet v Web pages + Emails » SMS * Blogs ¥ Social Media Advertising global marketing . ‘ chnig ver fo > Marketing o product os modiky | Hechng that is sold around the world. I suib) OFeeseos “rae — global branding = wor ldlwicl vie of a namefloge [symbol ost effective. uniform im = global cecogition; overcomes Janguoge barrites — standardisation = 10 need to change prodiscd oltered =e. promo strategies are dhe sorne (standarditecl) = Cost Savings — customisation = differentiating products to suit different cultures /retigions being gensite to the target country = : ig < ch of morteh > language, ruigion, et ae a na rth a S aceoretinglyy) ~ global pricing = pricing policy in are Countn Cosrorni ved Eolif price iA AEE Sounbries 5 : in + wer cae We Ager edge FOLENS okt ceok = rite Globe @ Mordartisgets Same price globally L, How « ® obflerenbuker steel from conpabhory olfFerent Bt onigue 4, Keg element > valve Pl opositton > Obatomar_hntina Cone te Qoperctional excellence. {Dhrodud leachrship —“evreenes —fow test operations innovation & gual : w L ogi Role of Human =Man fetal re¢/ahonstio bf . {eo oe Raw Ma aging Smploger ¢ enmploger. 4 elements of HR cycle ~ Acg.visihor Matatnane pecloprent & segaraho Employees oe an AMET ~ Strategic role of HR WS to Invest” ya quality start Os a long” term & aged, = Interdependence with other key business functions ete » poks * companee™ empleys anoter company 1 compete part of th PR Pentton — Human resource functions Cet another company fo manipe the He cack fr gov. 4 specialist reereitren! fionys Lis Acq, Maint, Dev, Sep: —Using contractors: 4Indepenctent contractor can citter be an individealor # B. — NOT erplogess. — Cartract FOR service Adv = Cast Savings Greater Cx pert 1 prores conspentivercy A & canertter uje onshore or off hore contractsrs : i ecccasias eatin ty reing = the obtaining of serices aha | clomestre. atborrsing = oe oe een toot wittain te same arene cha abbeal atsorcing= He obtarnimag of Serlicet OTefensrieg) i) Outside O eigen 3 ouside the countey loyer— employer redo jaf lvencing, Hee ornpoger a key influences @ stakeholders — Promote Ovon interests E “xHandlle, HEM issues Moy oy pera rte ‘onare Misco 4 NeBotIae cagreemants > More ducer ond, eae earn TOR Man ging Hoot. creck ar geining Pont Employees 2% OF I Pig wer benedity ~WEHPAE Chitdeae enna] SEG. pens feitnd oe retaining skilteed employees, employer associations >promate interesls of enyloyse in enpleyer —anmloytr mole Bey Cr aS Cian, rorels, Urifaic lierisels, ier nigoders SSUES Zonsvit wl OY On Changes to policg (he srotuuhy usrirtemes coharme mnions—pprolect + promolt interest of enotoyers = bt Ans rin wor . Pole Aduta on) righty is Loorlep\ taal. = heatttn, Hoe, ding ble oleregviation £ carved [er t not worth #. goverment organisations tions -* Estelolishes AV front of He rele 4 Awards Senin FA condivens NES > Fair Werk Act 2o05 a Fair Wor Commun invelicin dispute cesoloton bared edeck of pus. anole breath of law Women Bighis, soak Fposl Bow rerio HME. OT eS fon nes conpsnrt Workplac RGCAC A Ryan, 20 — GE Ak tom © 6 must be Seem aS upivleling He Current vals of Society fe ee Dein fee . PTS Rey Wer, Cotte Cetin Senet Oy, «© legal — the current legal framework ~ the employment contract — common law (tights and obligations of employers and employees) Employers” Ermplogees O Duty of cove (DD key gate workplace (>) Duty to peuy Agreat wage Z) Dery to work td shi @ oo teeta @ Sbest of abitity— fo olistloge rel. wfo (©) Dury to provide Work © on ea rolatecl — ~ Ft /er— 10 Naciones Empogrant — Set 0% by Fair Wor PA 280% Steurclooks : pextbi ity 3 - Rrental leare ini Le Mae hrs 2.Reqvest t ‘ninimum employment. 4. Antwol leave S - Personal ) Carer/companionate love b. ceeterereeaa Seren te 7. hong service leore &- Peblic Hrolicteng poy “I. Note © ferminertion redecdoneg Phy 10+ Must Provics. Fai Wert Into Sfexfeouent to eerpoloipacs | WAGE TILES Ay mauct bE = OF awerh Min rede i saci Tote Wort Lomeiisien Seema! ce pre agreement ota Teter OF vera Tet awards ~ Legol cle s min waye + working cordtHons —per Inoles ter . ; ee oD oo exclusive fo OF arch its enplo — Agent S45 FWC (Be07-) i other employment contracts en ees than LICH oes cf S ni Permonen 3 QONDYENS, maT E LEC oe Casvod = NOT permeniur, Ufo fee okismtsrcek Bshitts my no entitemenss’ BUT PSX wage of FT Fixed~ term = Contractor Phx benefits on pro rater boris a 88 hrs rer wee — work health and. ‘workers i Nor Neate iced Raley Acro Le Bighh /resp~ oF emer penplogers of sedehy in workpiaen - Potente) wsh LE Provicke— sate nworkelaw— r anin Le 320 enplogeg > Prat hee comnnten fir OFS + Worler’s Compensation Act 1967 Ly Cootens! preidlt Sad entores erepsy2s mraintein con Muara Terl Place Injury Mant aiol Ljorlues Conpasation Act (14P Ly Safe rer to eer ea : See ee Te ag T abacan, martal stahs, pragnency, Racial Diserimicaton het 1975 — race : Affirmeckiie Achor (EE Ow) A 1°86 Disability Piserionmation Het 1992 — Aisebit tes Hume Lighk t+ Equal Qppertowt, Comme At 1986 — manclates Meguitabls ieieg i Fe pee gee eee ere eget fe. for Kontnf af cork Workplace. Cenclar Eq vasity Act 2012 te olemand for . ena 600M eo Byobs 2 TB prodvetiorn | o Temployer loargeirsny 2 f inflation o UprsliW enplocgers 2 Contin, learniag in) onian. + fosters Ftamut. Jobour RECESSION ob jobs ~ Lpraduction ® V employee borgpicing Pon 0 WU inflaton NEG oy pbs srutten fo churge + Genployet morale © Vemployza enpousr nent = manvt. jnchaty y jobs — se pl Have T Ave do gov 8) ins * social — changing work pattems, living standards} er-pleyrverwe OF ae : Lrentitieren tS Toomer fe Motiwttue\ iH ty i tonne Peasvel LPF wort ST See tegen ea News inet gdh Feosvedlitahon « Audie initiatives pve of job shoes eracoke: FT mate porhipa to. * se Vtraditiored hes , THlexibitity et 7 ‘tity > In. ble if am employer ca ihn 6 nen rere ei NY an clulted abate CAN Woe Pretaiveel | absentterind, produchuiyt 3 ryatiationl. Hore A mate Acton + fli —D progrars # Promote Luorts (rf balance Hore & poritice impact on ehvivon/seci AGL Energy : pays piner enagy Gills for sgiy honelns chet ters of HAs E ttectieress * Lor porate culhre alll: c Ls values t belies tte «® Charadeaenes: rela. bias maneigurs + eoplogery | ety Teameuorh 5 crennvi | innovative Le nfl Lo becomes Yre ee stat pertoren @ Benchmert- Ly metsere employer's performance. againtt estab. Stanetarcls , te rf not aseting | IAMS Of protvation or wmactuyp emi T * Chan in state furnoree : wm Daag ar Spiel erplogess feore the—(fs) 2 Absenicesen Ls employes not attending fur t © Aicicltnts Ls clerronsinates ePfherticnus ot pumnig t decetoprwet cles of ohisprts Le Rotipites, Lebhoberery o Norke- sotictach orn by vbethir oplege ir Aaygey feontenT = Bp rode chu $ retention bo Fsenictacton = Ls recog: £ rewerAs processes of human resource management een © acquisition Yiolentity ; Kray = joo analysts (note of poster te be Fiteot ) £Recrvirent = Internat em extecner = Attracting ppl to apply for the poitiion ¥ Selection = Choosing most Yor Iheod = Frouy of terry | interviewing pr lraproving emplogers sheatls Jobrlit-es © development ¥ Develeporent prepare empaloyecs Porm Fup respomsibiTry Trainings: fstalls anol pertormence 2On]/off He job tredni Job rotedin, train, TAFE Juni apprentne e) ceatiatey, Seepresnenys : formas Assessmant of PE formancg bh? A metivation, oot, contoliner, produchinky $ opers — prone fore of skill dptabore br caw . HE anaes tee Etaag ee Why? To retain state 3 yternover How) Merete, henetty = COMMON + ediditcnal inom boyeol on sets ~ bonus : end of 97 for reaching Kels ~ Payment of plece rertes : based on oubpt” ~ Shored owrecshie scheme Non Morekory beret = greater Jol Variety ( berehh <3: COnP Ce a Peete hours a se winereaned Sterhs 1 jee — manage Hemsley — longer erplogee entitlements ( >thon Minimo prendiog of emdeyrent separation Volunteer = free will, Chooge to lew tire, reatan Cectonal ever) voluntery redundancy ; nominade. oneself woe lonreiry = argh DLLh LEN, otsbeck te Veo leve = Sc ctaneny j joe me Wee ents = ener | plex, to cdounsied 2 AIGAL j not perforn~: : f Benciad Wad propriately Sumimory obismaetal = instent , W/o roti = often serious 7 Abett. Dismissal ofr = continual lelenus, nob performing . genes Of Warnings ' dliscrimination, harsh Junjs/vor* ayonebl & i Dismissal = Unfoie Be etek oy Fair Wark lomn~ strategies in human resource management © leadership style E Avinocitacion (Avtocratic) _ Authority ! — Managers make all olecisions Democratic. (Perticivative) See ereiceg ! — Ernployes” ore consvited, final adeeision still with manager Delegate ~Dutegate! ~ Eryx mare all ctecrsions no input ef managed +¢ job design — general or specific tasks 3 LManages oleveloe € speaity Work activitfes. > Consider yoo Satisfaction Jenrichmunt whan elevigning jobs this Dill & productivity Specific = lini autonomy, clear aireat instrections = tasks performest fe employees trained Bee ee vanenued Se = General = high erutonemy, Pavality of work actuities. = employe completes group of fashs Ot erthrt procels — Fsatistaction — job variety Pro: port 40 : ee aed, dow deaene « recruitment — intemal or exter ing The right pesele wnatiracting Intermed: pos tien #llecl iby existing Employed , wide. aepticat pact Pro: Wi K f propre, Outside Cg: Tales time fo Settle Mn, FE xtermal: Fillet by sorep a SILAS, Emplegers lish Of rege imenaents, vhenere| Skills: -fransterdable across many occwpediors be ty, mokvaRNon, pos aRAIUdE, Coock, UTdEr prensurs Pea work cuillingreas 4 learn, orale “stuing, eonnnce nication ESPeete Sills. speerfic fen vce redion ‘ b> acyyieet ose SPeAaAR eR Training oad loess) leads fo A Qvatrheatien ed" edectricion aa er Perrone impr Bt So, Le proce. ing,and ~ current or future skills of empleo Burtels fedve nig, devetoe Leactershie Stills pea vw fudvee. skills; aa “eh i foe. O OH, Builds cucrost cleits: j allows © to be Flexible at atime oF pat Cuero? chills; Formal frainiag= Studer t= Vike ole Cagerenbes nies) jlnfermal Fravning = eee on the joo Inductor (fraining\= for new emmpiongees to famili o with Org. to Norvctocho = NAB RW fraining Course fe ba Slob - Lobentify ony ress to feproce - _Zetgemanc mnecenet deropmealot inistrative Rewogatsing, eaiuating ancl managing employer pecformance Gage | = Planning; ser goals for He employe pertormenne Obj] Shage 2= Checking inj en ployer obger ver feedback, recognition, rewarel Stage 3= Assessment Measure emploger pert. against benchnorks, ° rebel = Seshtt ¥ Fal iviols 7 Dereepmental= Shing Pgh tel neeres ran =| wears prapics Setting Poly phat egress fe beAriners 5 foeczey on neces of the barnett Praminis +o mnobvete. et pe , individual or group, performance pay MP Paget beyord Jmin legal reg. | wageT, bors , commission Norm nminsic; Fringe penetik, Pexibilin, challenging work, recognition. Indv ae = Reward barcdlan group achiereuat, *eamivorh, mohvahon Comm vaitahon, : Cee not ees errployee pris equal ePtoct Perfor mata fu = Portion of wage baseclon performance = ‘peach target for pay toh eg. tearm itsion Adv: $ motivates Dis. employes grivery by non m revert . glob. are paccesirg the globe! mete an «global — costs, skills, supply Maning LK of Fortign lokour Whs?, he fica dprovper FO Vet aioloa Loorkug “> Redes costs; Sign 9 Frills any shell shortages in Aus > Supply of o large 10. and range of workers much ———' Fgrtater than that ctomesiically. xf Ability to actess ov large sumely of Aiginly shiltecl and cesr eftreient abou Pom = cornpemtive adv - Conqore in ee « workplace disputes = A ISeigreeouenT” bho employer + emploger wsocnerecs Gor rial prouss +0 resolve dlisputes;ywertten rn aniarel Tagreement renin negtsion, mean, ‘grievance ‘volvement of cous @ Negotiation; Both partes olisass € conpromirt j Collective beergeininay! @ Mediation; Neutral S™ pacts invited 40 aesiet in maaching an agreament. gp lnvolvement of covers © above ay © Conritictiony Fac Wark Cormmisren notified Meetings are get by FW ww) parties te olepte 4o Preah an otgretment whe allot sahsti PNOT reaqaksy birding | (D Arbitration; cane as @) bet olecision is legally binsting / Eviclence if preterdeol te bee ther, In & Bermal, court MAA Settica . / | If matters are more Gerios, 1 goes to abe Cott Geomimen jouw) SUCK as M6Sa NT.

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