Human resource objectives Flashcards
(7 cards)
What is the purpose of human resource management?
To gain the maximum benefit from employees at the minimum cost.
What are examples of HR objectives?
Training and development
Diversity and inclusion
Staff retention
What are the 2 HRM approaches?
Hard and soft.
What are some features of hard HRM?
Employees are seen as a resource
Hired on a short-term basis
Minimal training
What are some features of soft HRM?
Employees are seen as important
Hired on a long-term basis
Lots of training
What is a pro and con of hard HRM?
Managers keep control of the workforce but employees aren’t used to their full potential.
What is a pro and con of soft HRM?
Staff morale may increase but investing in employees is costly.