Towards the Social Role of the Business Firm

Towards the Social Role of the Business Firm

Reported by:Rowena j. Ordona

Dra. Wilhelmina EsquibelPROFESSOR

Personnel ManagementSUBJECT

Master in ManagementCOURSE

The Social Role of the Business Firm/Organization

Fair Employment Practices

Roles and Obligations of the Personnel Manager

Part 2.2Towards the Social Role of the Business Firm

CONTENTS:

What is Social Responsibility?

Any Responsibility we have, particularly towards members of the society with whom you interact or towards the society in general, are called our social responsibility.

The obligation of any business to protect and serve public interest is known as social responsibility of business.

Our Social Responsibility

Business Social Responsibility

InvestorsBusiness

Investors

Employees

Competitors Society

Customers

Suppliers

OwnersGovernment

Responsibility of Business Towards Different Interest Groups

Business Responsibility Towards Society

1. To help the weaker and backward sections of the society.

2. To preserve and promote social and cultural values.

3. To generate employment

4. To protect the environment

5. To conserve natural resources and wildlife

6. To promote sports and culture

7. To provide assistance in the field of developmental research on education, medical science, technology etc.

Fair Employment Practices

Recruitment

Employees should be recruited through job advertisements and on job application forms, on the basis of merit, relevant qualifications, skills, knowledge and experience and regardless of age, race, gender, religion, family status or disability.

Fair Treatment

Employees should be treated fairly, with respect, and progressive human resource management system should be develop.

Training and Development

Employees should be provided with equal opportunity to be considered for training and development based on their strengths and need, to help them develop their full potential.

Compensation

Employees should be rewarded fairly based on their ability, performance, contribution and experience.

Labour Laws

Labour laws should be complied with and the Guidelines should be adopted by employers.

Fair Employment Practices

Fair Employment Practices

Dismissal of Poor Performance or Misconduct

Employers should document employees’ performance and conduct, making the decision to dismiss the employee only on documented poor performance or misconduct. Also proper procedure for dealing with complaints such as conducting proper investigation should be implemented.

Roles and Obligations of the Personnel Manager

1. He is responsible for relaying the information that concerns the general administration related to employee welfare within the entity.