1.4 Flashcards
(58 cards)
staff as an asset
- bring knowledge, skills and expertise to a business
- increase productivity
- drive innovation
- enhance customer service
- positive reputation
staff as a cost
- hiring and training
- managing workers
- wages
- salries
- additional staff benefits
- redundancies
multi- skilling
training workers to fulfil multiple job roles
multiskilling - advantages
- utilise workforce more efficiently, reducing labour costs and increasing productivity
- improve patient outcomes in healthcare industries, more comprehensive care
multiskilling - disadvantages
- signficant investment in training
-may not be appropriate at all job roles
part time and temporary working - advantages
- flexible working arrangements can attract and retain talent
- improved productivity, as staff can work during their most productive hours in the day
part time and temporary work - disadvantages
- flexible working can be challenging with communication and collaboration
- monitoring and managing flexible workers can be hard
outsourcing - advantages
- access specialised skills that are not available in house
- reduced labour costs and training
outsourcing - disadvantages
- loss of control over quality and delivery
- ethical concerns, particulaly if partner is based in country with lower labour standards
dismissal vs redundancy
dismissal - termination of employment
redundancy - job is no longer available, business is reducing size of workforce
recruitment costs
- include, advertising, recruiting, interviewing and screening
- high labour turnover rates can increase costs
training costs
- cost of trainers, materials and facilities
- effectiveness of training can impact these costs
- employees may require more training if it is not efficient enough
selection costs
- background checks and visa costs
- increased costs through higher labour turnover rates, as the business has to spend more money more regularly
induction trainin
introduces employee to company and their role and responsibility
benefits of induction training
- helps new employees understand job role better
- introduces to company culture
- boosts employee confidence and motivation
- reduces time taken for new employees to become productive
drawbacks of induction training
- time consuming and expensive to organise
- may not cover all aspects of job role
- may not be effective, leading to employee dissatisfaction
on the job training advantages
- employees learn new skills and knowledge while perfoming job duties
0 training is tailored to specific job role - more practical and relevant to job duties
- cost effective, takes place during working hours
on the job training drawbacks
- may make mistakes during learning, impacts productivity and quality
- disruptive to work place as a trainer os also required
- may not be effective
off the job training advantages
-learn new skills outside of workplace, can bring fresh ideas to workplace
- training can be tailored to employee needs
- used as a reward for high performing employees
- cost effective if online
off the job training drawbacks
- expensive to organise
- may miss work while attending, impacting productivitty
- may not be directly applicable to the employee
hierarchy
levels of authority within an organisation
chain of command
formal line of authority that flows from top management to low level employees
- establish clear libes of communicaton
span of control
refers to number of employees that a manager can effectively manage
- narrow has more layers
- wide has less
centralised structures
decision making concentrated at senior management levels
- promotes consistency and control