Managing People 1.4 Flashcards
(176 cards)
What is soft HRM?
Treating staff as an asset
How do businesses treat staff as an asset?
- Treated as most important resource in business
- Employees treated as individuals
- Focuses on needs of employees
What are the key features employees have if they are treated as an asset?
- Permanent contracts
- Training + development
- Salary
- Staff loyalty
What is hard HRM?
Treating staff as a cost
How do businesses treat their staff as costs?
- Treated as resources to business
- Link with corporate business planning
- Identifies workforce needs + recruit/ manage accordingly
What are the key features employees have if they are treated as a cost?
- Flexible contracts
- Minimal training
- Low pay/ hourly pay
- High staff turnover
Is soft HRM a good approach?
+ Rewards employee performance + motivate staff
- Costs of workforce may leave business at competitive disadvantage
Is hard HRM a good approach?
+ Cost-effective workforce where decision making is quicker
- Staff turnover + less successful recruitment
What are the 4 different types of a flexible workplace?
- Multi-skilling
- Part-time & temporary
- Flexible hours & home-working
- Outsourcing
What is multi-skilling?
Staff are allowed to carry out a variety of tasks rather than specialise in one
What are the advantages of multi-skilled staff?
- Flexible (perform many dif. tasks)
- Reduces costs (fill in tasks needed immediately
- Job satisfaction (less repetitive jobs)
What are the drawbacks of multi-skilled staff?
- Overwhelmed employees (too much work given)
- Tasks lacking standards
- Lack of motivation
What is part-time working?
Allow workers to contribute their excellent skills + experiences without making a commitment to full-time work
What are the advantages of part-time working?
- Lower costs
- Increased productivity
- Improved employee retention
- Reduce transportation costs
- Flexible schedules
What are the drawbacks of part-time working?
- Administrative burden
- Communication difficulties
- Integration challenges
- Loss of customers
- Skill gap
What is temporary working?
Employed on short-term contracts
- Contracts not renewed if no longer needed
What are the advantages of temporary working?
- Flexible
- Cost saving
- Specialised skills
- Potential for permanent employment
- Scale workforce quickly
What are the drawbacks of temporary working?
- Less motivated
- Low quality work
- Lack long term job security
- Time consuming to find worker
What are flexible hours?
Staff allowed to choose when they work their set number of hours/ allowed to work some of their hours from home
What are the advantages of flexible hours?
- Improved employment retention
- Increased productivity
- Reduce costs
- Better response to demand
What are the drawbacks of flexible hours?
- More procrastination
- Harder to keep track of employees
What are zero-hour contracts?
Employment contract that has a minimum of zero hours per week
What are the advantages of zero-hour contracts?
- Flexible
- Cost saving
- Extra income
- Simplicity
What are the drawbacks of zero-hour contracts?
- Unpredictable income
- Job insecurity
- Lack of commitment
- Short notice demand
- Inconsistencies