HRM Msc Executive Summary: Stakeholder Engagement Influences Employee Relationship

HRM Msc

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Executive Summary
The stakeholder engagement is the most important task which assists corporation to
collaborate different parties so as to accomplish the set targets. This enables corporation to
derive the valid outcome on the basis of set standards. The present report reflects that
management, trade union and government as well as other related stakeholders highly
influence the employee relationship because of their aim and functions. Owing to this,
business requires to consider their functions and expectations and accordingly shape the
HRM practices for the effective management of employees. However, stakeholders like trade
union might have negative impact on the reputation of the business if their aims are not
considered effectively.
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Table of Contents
Introduction................................................................................................................................1
Employment relationship management......................................................................................1
Aim and functions of the stakeholders.......................................................................................1
State or government agencies.................................................................................................1
Trade Unions..........................................................................................................................2
Management...........................................................................................................................2
Employer Associations...........................................................................................................3
Impact of aim and functions of stakeholders on HRM practices of Organization.....................4
Impact of the trade union on HRM practices.........................................................................4
Impact of State on HRM practices:-.......................................................................................5
Impact of Management on Human resources practices..........................................................5
Impact of employer association on HR practices...................................................................6
Conclusion..................................................................................................................................6
References..................................................................................................................................8