The Specific Role of Employees as a Stakeholder

The importance of employees as stakeholders in a business and how their actions and well-being impact the success of the company. It also discusses how to treat employees as valuable assets and shares relevant stakeholders in a corporation.

• Employees
• Stakeholders
• Business
• Success
• Job security
• Shared business vision
• Company culture
• Stock benefits

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Uploaded on Dec 09, 2023 | 1 Views

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1. Libyan International Medical University Faculty of Business Administration The Specific Role of Employees as a Stakeholder By: Mohammed Alfaitory ID: 3695 Email: mohamed_3695@limu.edu.ly

2. Table of Contents 01 01. . 02 02. . 03 03. . objective introduction definitions 04 04. . 05 05. . 06 06. . Conclusion References Reflection 2

3. Introduction Employees: Company employees are key stakeholders because they create the goods and services issued by a company, and the quality of their work has a direct impact on customer support. Employees, in turn, benefit financially from the company's continued performance and success. 3 3

4. business stakeholders By definition, a stakeholder is anyone who has a vested interest in your business. They either affect or can be affected by the actions of that business, and can be either internal or external to your business. Typically, the stakeholders of a corporation include: Investors Customers CR DITS: Ce mod le de pr sentation a t cr par Slidesgo, comprenant des ic nes de Flaticon, des infographies et des images de Freepik Suppliers Employees 4

5. employees are important stakeholders Your employees are the ones who create, manufacture, sell and deliver your products. They are crucial to your businesses success or failure. They are invested in your company as you pay their wages and offer them job security. Your actions as a business owner have an impact on their economic wellbeing and happiness at work. 5

6. How to treat employees as stakeholders Many businesses still treat their employees as resources, not assets who work in the service of the company s stakeholders. Having a shared business vision Working on company culture Stock as a benefit 6

7. Main stakeholders Shareholders Employees Management Management Customers Customers Creditors (Banks) Creditors (i.e. Banks) Suppliers Suppliers Local Communities 7 7

8. Conclusion Employees representatives have the right to be informed before the decision on issues such as the informed before the decision on issues such as the restructuring of the workforce, the relocation of plants, restructuring of the workforce, the relocation of plants, reduced working hours, vocational training schemes, reduced working hours, vocational training schemes, systems of organizing and monitoring work. 8

9. Reflection employees are the ones who create, manufacture, sell and deliver your products. They are crucial to your businesses' success or failure. 9

10. References Sanclemente-T llez, J. C. (2017, July 1). Marketing and corporate social responsibility (CSR). moving between broadening the concept of marketing and social factors as a marketing strategy. Spanish Journal of Marketing - ESIC. Retrieved December 14, 2022, from https://www.elsevier.es/en-revista-spanish- journal-marketing-esic-377-articulo-marketing-corporate- social-responsibility-csr--S2444969517300483 10

11. Thanks! Thanks! Do you have any questions Do you have any questions? ?