Zenith Tech is experiencing high rates of employee turnover, particularly in its software development division. Their business objective is to reduce turnover by 20% within the next year to improve productivity and reduce recruitment costs.
Which of the following human resource management (HRM) approaches would best address this objective?
Implementing a strict performance management system with regular performance reviews focused solely on identifying underperforming employees for potential dismissal.
Conducting employee exit interviews to understand the reasons for turnover, and using this information to improve employee engagement, provide better career development opportunities, and address workplace issues.
Reducing training budgets across all departments to minimize expenses and increase short-term profitability.
Outsourcing the software development division to an overseas company to reduce labor costs and eliminate the need for local recruitment.
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Create Free Account Log inThis is a free VCE Units 3 & 4 Business Management practice question worth 1 mark, testing your understanding of HR management and business objectives. It falls under Human resource management in Unit 3: Managing a business. Submit your answer above to receive instant AI-powered marking and personalised feedback.
In this unit students explore the key processes and considerations for managing a business efficiently and effectively to achieve business objectives. Students examine different types of businesses and their respective objectives and stakeholders. They investigate strategies to manage both staff and business operations to meet objectives, and develop an understanding of the complexity and challenge of managing businesses. Students compare theoretical perspectives with current practice through the use of contemporary Australian and global business case studies from the past four years.
In this area of study students investigate considerations for the effective management of employees to ensure business objectives are achieved. They consider employee motivation in terms of Maslow’s Hierarchy of Needs, Locke and Latham’s Goal Setting Theory, and Lawrence and Nohria’s Four Drive Theory. Using these theories of motivation and motivation strategies, students propose and justify possible strategies for employee management in contemporary business case studies from the past four years. Students study an overview of workplace relations, including the main participants and their roles in the dispute resolution process.
the relationship between human resource management and business objectives
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