5BIC template Business Issues amp Contexts of HR v1
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Learning Outcome 1: Understand key contemporary business issues affecting the HR function within private, public and third sector organisations.
1.1 Explain types of organisations and the roles of management in them.
Indicative Content: Understand key contemporary business issues affecting the HR function within private, public and third sector organisations. Types of organisation; the role of management within them; ways in which HR is delivered; the main functional areas of management; the search for sustained organisational performance, business …show more content…
To ensure the workforce performs efficiently and effectively within their role, the HR function implements and encourages processes such as performance appraisal and career development. They also provide a rational method for determining how much employees should be paid for performing certain jobs. Sometimes organisations provide benefits to the employees as another form of compensation. Some are legally required such as a Pension scheme and some are solely for the employees benefit such as childcare vouchers, healthcare and wellbeing packages and life assurance. These are some of the benefits that help to attract and retain employees.
1.3 Evaluate business performance and the change management agenda.
There are many ways to evaluate business performance and the change management agenda. A tool that is widely used to measure performance and align business strategy is the balanced scorecard as it offers a framework that provides performance measurements and helps the leadership team identify what needs to be done and