business HR Flashcards
(34 cards)
role of HRM
attracting, selecting, training, assessing, motivating, rewarding, and retaining employees
recruitment
hiring people that are qualified and have a certain set of skills that are enough for that specific job
induction
training and helping the incoming employee get used to the job setting
retention
doing things to keep your employees stay at your company
appraisals
reviewing the employees progress, performance and assessment in relation to their job description
absenteeism
happens when an employee has to take off work for an extended period of time and dealing with the conflict that may arise
dismissal/firing
getting rid of employees who are not meeting the owners standards or following the rules
redundancies
letting go of workers because they no longer need workers or for an economic reason
training and development
helping the employee to improve on their skills and productivity
performance appraisals
holding workers accountable for their performance/conduct at work
internal factors that influence human resource planning
internal: within the business
- # of employees (size)
- organizational structure
- finances
- motivation (is the pay enough for employees to want to work there??)
- corporate culture
strategic:
direction of the organization
organizational structure
HR manager can identify vacant positions that are redundant
finances
the money that comes in and out of the business, if the finance isn’t strong they will not be able to sufficiently pay the workers
corporate culture
affects how the HR department operates
external factors that affect human resource planning
external: beyond the control of the business such as legal minimum wage (govt)
- demographic change
- change in labor mobility
- immigration
demographic changes
- average age
- ethnicity
- gender distribution
- retirement age
occupational mobility
refers to the ability and willingness to move between geographical locations and/or occupations for their employment
geographical mobility
refers to the ability to relocate to another location or country for work reasons
migrant workers
people who move to other locations or countries in search of job opportunities
gig economy
refers to the labor markets in which workers are given short term or long term one-off contracts, such as freelance work rather than long-term or permanent jobs. paid for each “gig” they do
gig advantages
- freedom and flexibility
- potential to earn a lot of money as gig workers
- better work-life balance
- reduce cost of productions bc they dont need to hire so many people
gig disadvantages
- limits peoples career opportunity
- lack job security and stable income
reasons for resistance to change in the work place
- self interest
- low tolerance
- misinformation and misunderstanding