topic 1.3.4 Flashcards
(35 cards)
What does staff as an asset mean, and why is it beneficial for a business?
Employees are valued, trained, and invested in.
Businesses provide job security, training, and career development, which leads to higher motivation, loyalty, and productivity.
What does staff as a cost mean, and why is it not beneficial to a business?
Employees are viewed as an expense, with wages and benefits minimised.
Businesses focus on short-term contracts, outsourcing, and cost cutting.
Can lead to low morale and high staff turnover.
what are the different flexible workforce?
multi-skilling
part-time
temporary work
zero-hours contracts
flexible hours
home working
outsourcing
what do all the different flexible workforce mean?
multi-skilling: employees that are trained to perform multiple roles
part-time: employees who work less hours and have less responsibilities
temporary work: someone that is hired for a certain period of time
zero-hours contracts: they are on call to work when they are needed
flexible hours: situation in which an employer allows people to choose the times that they work
home working: employees perform job responsibilities from home
outsourcing: company hires a third party to perform tasks, handle operations or provide services for the company
What are the advantages and disadvantages of multi-skilling?
adv: Increases flexibility, improves job satisfaction, reduces costs
dis: training costs, risk of employee burnout, may not perform all tasks well
What are the advantages and disadvantages of part-time/temporary work?
adv: Cost-effective, flexible for employees,
dis: less commitment, high staff turnover, not as loyal as full time workers
What are the advantages and disadvantages of a zero-hour contract?
adv: businesses reduce costs, employees gain flexibility
dis: unstable income, can cause financial stress for employees,employee may not prioritize business needs
What are the advantages and disadvantages of flexible hours/home working?
adv: Improves work-life balance, increases productivity, more job satisfaction
dis: harder to manage remote teams, risk of isolation
What are the advantages and disadvantages of outsourcing?
adv: reduces cost
dis: loss of control
define dismissal?
employee is fired for poor performance
define redundancy?
job role is no longer needed
what are the costs of recruitment traning?
Advertising Jobs
Interview Process
Training Costs
Lost Productivity
What are the different types of training?
induction training
on-the-job training
off-the-job training
What are the advantages and disadvantages of off-the-job training?
adv- mentor is fully focused on on you
the mentor is an expert
can learn new skills
dis- expensive
not bespoke, meaning it is not specific to the business
What is the chain of command?
The flow of instructions from top management to employees
What is span of control?
number of employees managed by one supervisor
What are centralisation and decenteralization?
Centeralization: decision made at the top level
decenteralization: decisions spread across departments
what is the tall organisational structure and its pros and cons?
Many layers, narrow span of control.Common in large corporations.
Pros: narrow span of control communicaste to less people o each layer and has better clarity on who makes desision
Cons: long chain of command so slow desision making and communication is very slow
what is the flat organisational structure and its pros and cons?
Few layers, wide span of control. Common in startups and tech firms.
Pros: short chain of comand so easier to communicate and faster desision making
also less managers so more financially effective
Cons: there is alot of people to communicate and help since there are less layers of managment so over burdened employees
less layers of managment so less chnace for promotion
what is the matrix organisational structure and its pros and cons?
Employees work across multiple departments/projecs
Pros: Encourages teamwork; flexible.
Cons: Confusing authority lines.
What are the 4 motivational theories?
taylors-sientific managment
mayos-human relations theory
maslows-hiearchy of needs
herzbergs-two factor theory
what are the financial ways to keep an employee motivated?
Piecework: Paid per unit produced.
Commission: Paid per sale made.
Bonuses: Extra payment for performance.
Profit Sharing: Employees get a share of profits.
Performance-Related Pay: Based on targets met.
What are some non-financial ways to keep an employee motivated?
Delegation: Giving employees more responsibility.
Consultation: Employees involved in decision-making.
Empowerment: More autonomy & trust.
Team Working: Collaborative work improves engagement.
Flexible Working: Work-life balance improves morale.
Job enrichment/rotation/enlargement: Makes work more interesting.
what are the advantages and disadvantages of on the job training?
adv- chaper cause no external costs
hands on training which means they are still producing and will get more confident over time
build relationships with mentor and new area so more communication and more productivity
dis- mentors ability if mentor is not good they may pass on bad practice
mentors time - theyalso have a job and dont have time so they quality of trainjing may be less or production may be less