HUMAN RESOURCES

ROLES + INFLUENCES OF HSC BUSINESS STUDIES HUMAN RESOURCES FLASHCARDS

Human resource management

The management of the total relationship between an employer and an employee in order to achieve the strategic goals of the business.

Outsourcing

The business practice of using external firms to perform one or more key business functions

Contractor

An external provider

Domestic subcontracting

Outsourcing to a provider within the same country

Global subcontracting

Engaging individuals or businesses in other countries to perform business functions

Stakeholders

The people and groups that interact with a business and have a vested interest in its activities

Trade Unions

Organisations formed by employees in an industry

Employees

Workers who are under an employer's control and to whom the business has responsibilities such as fair wages

Employers

Those who exercise control over employees

Employer associations

Organisations that represent and assist employers in managing employment relations

Government organisations

Bodies that establish the legal framework for employment relations

Fair Work Australia

The national workplace relations tribunal that encourages the prevention and settlement of industrial disputes through conciliation and arbitration.

Employment contract

A legally binding

Common law

Law developed by courts and judges

Employer Obligations

Key duties of an employer

Employee Obligations

Key duties of an employee

Minimum employment standards

Ten National Employment Standards that set out the minimum conditions for all employees in the national workplace relations system.

Minimum wage rates

The lowest legal rate of pay for employees

Awards

Legally binding orders that define the minimum working conditions and wage rates for employees in a specific industry or occupation.

Enterprise agreements

Collective agreements made at a workplace level between an employer and a group of employees about terms and conditions of employment.

Individual contracts

Employment contracts negotiated between an employer and a single employee

Independent contractors

Also known as consultants or freelancers

Casual employees

Workers hired for short periods

Part-time employees

Workers with a continuing employment contract who work less than 35 hours per week and receive benefits on a pro rata basis.

Occupational Health and Safety (OH&S)

The legal requirement under the Work Health and Safety Act 2011 (NSW) for employers to provide a safe working environment and for employees to take reasonable care.

Workers compensation

A compulsory insurance scheme that provides a range of benefits to an employee suffering from a work-related injury or disease.

Anti-discrimination

Measures taken to prevent the unjust treatment of people based on factors like race

Equal Employment Opportunity (EEO)

Equitable policies and practices in all aspects of employment

Economic cycle

Fluctuations in the level of economic growth which impact the demand for labour.

Structural change

A shift in the nature and pattern of production of goods and services within an economy

Globalisation

The integration of the world's economies

Technological change

The major source of improvements in productivity and communication

Changing work patterns

Shifts in how people work

Living standards

The level of wealth