Human Resources Flashcards
(86 cards)
What is Human Resources primarily concerned with?
Recruiting, managing, and motivating staff within a business.
Define managing diversity in the workplace.
Making sure everyone in an organisation has equal pay for equal work and equal access to training and development.
What does employee engagement aim to achieve?
Ensuring employees are fully engaged and motivated to improve productivity.
What is the purpose of recruitment and selection?
Filtering and ensuring the best candidate is hired for a specific position.
What is talent development?
Developing, managing, and retaining employees.
What is corporate culture?
Ensuring the values of an organisation are communicated and understood by employees.
Why are HR objectives set?
To boost efficiency, provide good customer service, increase competitiveness, and create an effective working environment.
How should HR objectives relate to corporate objectives?
They should align to ensure employees are focused and productive.
List some internal influences on HR objectives.
- Corporate objectives
- Marketing strategies
- Financial strategies
- Number of employees
- Operational strategies
List some external influences on HR objectives.
- Changes in the market
- Economic changes
- Technological changes
- Legal changes
What are common HR objectives?
- Ensure Human Resources are employed cost-effectively
- Match the workforce to business needs
- Maintain good employer/employee relations
- High employee management involvement
- Manage diversity well
Define hard human resource management.
Treats employees as a resource of the business, often with an autocratic management style.
What are features of hard human resource management?
- Flatter organisational structure
- Little empowerment/delegation
- Pay sufficient to recruit and retain staff
Define soft human resource management.
Treats employees as the most important resource in the business and a source of competitive advantage.
What are features of soft human resource management?
- Employees treated as individuals
- Employees empowered to take responsibility
- Strong two-way communication
What does labour turnover measure?
The percentage of staff who leave within a given period of time.
How is labour turnover calculated?
(Number of employees leaving during period / Average number employed during period) x 100.
What are some reasons a business could lose staff?
- Cost-cutting measures
- Retirement/death/long-term illness
- Changes in strategy
- Mistreatment/bad working conditions
- Promotions
List ways to improve retention rates.
- More/better benefits
- More flexible working hours
- Reward staff loyalty
How is labour productivity calculated?
Output per period / Number of employees at work.
What factors influence labour productivity?
- Quantity and quality of fixed assets
- Skills, ability, and motivation of the workforce
- Methods of production
- Quality of training and support
What are external factors influencing labour productivity?
- Reliability of suppliers
What are implications of high labour productivity?
- Trade-off with quality
- Employees may demand higher wages
- Resistance to changes in production process
List ways to improve labour productivity.
- More/better benefits
- Performance measurement and target setting
- Invest in capital equipment
- Improve working conditions
- Invest in employee training