Question

2. Identify stakeholders of HR management activities. For each stakeholder group, state at least one additional concern that you think might shape how organizations manage human resources. Then, give one specific example of how each stakeholder’s concerns could affect a major HR activity (e.g. planning, recruitment, compensation, training, safety and well-being, or unionization).

Answer 1

Human resource affects every business and individual to which the organization has a connection, including the surrounding community. The primary stakeholders benefit directly from HR initiatives and compensation packages, especially employees who get benefitted by an increase in compensation packages and other benefits. The secondary stakeholders get benefitted because of the overall growth and prosperity of the organization improves the number of jobs in the area and increase overall prosperity of the region.

Stakeholders of HR management activities	One concern that shapes the management of human resources	Effect on HR activity
Owners/ Founders/ shareholders	Improve the workforce productivity to improve organizations profitability. This can be done by identifying the gaps in skill set and provide necessary training to support employees to perform better.	Proper training and suitable compensation according to the skill set required.
Employees	The training opportunities, compensation, and career growth. The career mapping and growth plan will be discussed with the individual and long-term retention goals of skilled employees planned.	Suitable compensation according to skill set and industry standards and identification of the training needs to plan and support the career growth.
Community	Better packages and promotions will improve the local business and improve the overall standard of the living and boost the economy. Charity drives and many giving back to the community activities will support the overall welfare.	Community efforts, Recruitment and employment opportunities provided by the organization
Customers	Recruiting engineers and technocrats in research and development for developing new products and services. This improves the ability to provide better products and services enhancing profitability and growth.	Planning manpower and recruitment of highly skilled manpower for research and development.
Insurance companies	Negotiating group insurance for the organization, revamping employee benefits. This indicates companies interest in the employee welfare.	Plan the well being and insurance covers as part of the compensation package for the employees.