Human Resource Management (Unit 6) Flashcards
(53 cards)
What are human resource (HR) objectives?
Targets relating to the workforce that support the achievement of overall business goals.
What are examples of HR objectives? (6)
Employee engagement and involvement
Talent development
Training
Diversity
Alignment of values
Number, skills and location of employees
What are internal influences on HR objectives? (2)
Corporate objectives
Organisational culture
What are external influences on HR objectives? (2)
Market changes
Technological change
What is labour turnover? What is the formula?
Labour turnover is the % of staff who leave a business over a period.
Formula = (Number of staff leaving ÷ Average number of staff) × 100
What is labour retention and how is it calculated?
Labour retention = (Number of employees staying ÷ Total number of employees) × 100
What is the formula for labour productivity?
Labour productivity = Output per time period ÷ Number of employees
What is the formula for employee costs as a % of turnover?
(Employee costs ÷ Revenue) × 100
What is the formula for labour cost per unit?
Labour cost per unit = Total labour costs ÷ Units of output
What are the main features of organisational design? (6)
Job design
Delegation
Span of control
Chain of command
Authority
Centralisation vs decentralisation
What is centralisation?
Centralisation is when decision-making is kept at the top levels of the hierarchy — usually by senior management at head office.
What is decentralisation?
Decentralisation is when decision-making is delegated to lower levels of the hierarchy, such as branch managers or team leaders.
What are the advantages of centralisation? (2)
Decisions are made quickly.
Greater consistency across the business.
What are the disadvantages of centralisation? (2)
Less local responsiveness.
Can reduce motivation of local managers.
What are the advantages of decentralisation? (2)
Empowers employees and managers.
Better responsiveness to local conditions.
What is span of control?
The number of subordinates reporting directly to a manager.
What is employee engagement?
The emotional commitment an employee has to the organisation and its goals.
What is Taylor’s scientific management theory?
It suggests workers are motivated by money and work best when tasks are simplified and measured.
What is Mayo’s Human Relations theory?
It highlights the importance of social needs and working conditions in motivating employees.
What is Maslow’s hierarchy of needs?
A five-level pyramid of human needs: physiological, safety, love/belonging, esteem, and self-actualisation.
What is Herzberg’s two-factor theory?
It divides factors into hygiene (which prevent dissatisfaction) and motivators (which drive satisfaction and performance).
What are the advantages of Taylor’s theory? (2)
Provides clear structure and goals to maximise productivity.
Encourages efficiency through financial incentives like piece-rate pay.
What are the disadvantages of Taylor’s theory? (2)
Can lead to boring, repetitive jobs and low morale.
Assumes money is the only motivator, which is too simplistic.
What are the advantages of Mayo’s theory? (2)
Highlights the importance of teamwork, communication, and social needs.
Can improve job satisfaction and employee engagement.