Which strategy may achieve effective employment relations for both employers and employees?
(A) Outsourcing product manufacture
(B) Determining levels of staff turnover
(C) Offering share options to employees
(D) Estimating the cost of retrenchment packages - HSC - SSCE Business Studies - Question 13 - 2009 - Paper 1
Question 13
Which strategy may achieve effective employment relations for both employers and employees?
(A) Outsourcing product manufacture
(B) Determining levels of staff turn... show full transcript
Worked Solution & Example Answer:Which strategy may achieve effective employment relations for both employers and employees?
(A) Outsourcing product manufacture
(B) Determining levels of staff turnover
(C) Offering share options to employees
(D) Estimating the cost of retrenchment packages - HSC - SSCE Business Studies - Question 13 - 2009 - Paper 1
Step 1
Offering share options to employees
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Answer
Offering share options to employees can create effective employment relations by providing employees with a stake in the company. This strategy aligns the interests of both employers and employees, encouraging cooperation and engagement. When employees have ownership, they are more likely to be motivated and contribute positively to the organization, resulting in improved productivity and lower turnover rates. This option also fosters a sense of belonging and commitment to the company's success.