21 Explain how creating jobs for local people helps a business to meet its social objectives.

[Sir Afzal Shad]

21 Explain how creating jobs for local people helps a business to meet its social objectives. [3]

[Subhan Zafar]

{KN}Creating jobs for local people helps a business meet its social objectives by improving the economic well-being of the community.
{APP}For example, a new supermarket in Lahore that hires staff from the local area provides employment opportunities, increases household incomes, and helps reduce unemployment in the community.By employing local people, the business contributes to social welfare, strengthens its relationship with the community, and builds goodwill and a positive reputation.
{AN}This can also benefit the business directly, as motivated local employees may be more loyal, provide better customer service, and help the company achieve both social and business objectives simultaneously.

[Shaliza khawaja]

They gain stable employement and skills development opportunity
for example a construction worker company hiring and training local workers, improving there future work opportunity
this reduces poverty as they now have money to buy essentials which helps improve there living standards and in hte long run business earns community trust ad attract more customers and investors and even government support

[Abdul Hadi]

KN: It may allow the business to have local support.
APP: For example a fertilizer company like engro opens a new factory and hires local people and train them accordingly.
AN: This allows the business to reduce regional unemployment, gain local support, produce a much skilled labour as the local labour might be more efficient and motivated than labour from other areas. It also boosts labour loyalty leading to long term stability.

[LintaHassaan]

Providing employment aligns with the CSR objective of contributing the the community wellbeing .for eg a factory in a rural town hires local residents .This will boost the household incomes leading towards a reduction in poverty .Moreover providing training to the local workers can increase skilled labour that in the long run will support the local economic development.hence overall improving the wellbeing of the community .

[shamaim shakeel]

Knowledge Point:
A business can meet its social objectives by creating jobs for local people, as this helps reduce unemployment, supports families, and contributes to community development.

Application:
For example, Unilever, an international company, provides jobs to thousands of local workers in its factories around the world, including Pakistan. Similarly, Shan Foods, a Pakistani company, hires people from local areas for its manufacturing and packaging units, helping communities grow through stable employment.

Analysis:
By giving local people regular income, these businesses improve living standards and reduce poverty. As the community benefits, the company earns respect and trust from the public. This positive image builds customer loyalty and longterm support, helping the business achieve its social goals while continuing to succeed commercially.

[Shuraim Arif]

(KN) Creating jobs helps reduce unemployment levels in a country.
(APP) For example, a textile manufacturing company employs many local people to sew clothes by hand to increase the amount of disposable income of each person.
(AN) This increase in disposable income means people's lifestyles improve, meaning they get motivated to work more, leading to higher efficiency, which plays a crucial role in increasing the GDP of a country, eventually leading to a better economy.