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Social Responsibility... n an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact n includes legal, ethical, economic, and philanthropic (discretionary) dimensions Legal Dimension... n   refers to obeying governmental laws and regulations n   civil law: rights & duties of individuals and organizations n   criminal law: prohibits specific actions and imposes fines and/or imprisonment as punishment for breaking the law Ethical Dimension... n   behaviors and activities that are expected or prohibited by organizational members, the community, and society (not codified into law) n   standards, norms, or expectations that reflect the concern of major stakeholders Economic Responsibilities... n   how resources for the production of goods and services are distributed within the social system n   Do you think consumers favor socially responsible companies or are they most enamored with companies that maximiz...

One very important trend in the recent times has been the growth of human resource outsourcing. HR outsourcing is the outsourcing of peripheral but necessary administrative tasks such as payroll, benefits, education/training, recruiting personnel, administration, to realize economies of scale and achieve standardization of services. Organizations are fast realizing that they can't be all things to all people. So companies now, be it a software company, a service provider or a manufacturing firm, decide what they are good at and outsource everything else, i.e., focus on their core competency, and let someone else do the rest in a more efficient and cost-effective manner. Human resources outsourcing is becoming increasingly common... The number of companies outsourcing HR activities continues to rise, and the scope of outsourced HR activities continues to expand. HR outsourcing can happen in HR functions, like payroll administration (producing checks, handling taxes, dealing with sic...