U11 Flashcards
(58 cards)
What does the term ‘human capital’ mean in HRM?
Human capital refers to employees and their skills, knowledge, and abilities that contribute to the organization’s success.
How has the role of HR changed compared to the past?
HR has evolved from basic administrative tasks (like payroll and record-keeping) to strategic functions like talent development and organizational planning.
Why is HR still sometimes seen as having a lower status in companies?
HR is sometimes seen as less important than other areas like finance or marketing because its outcomes are harder to measure directly.
Name at least two key functions of HRM today.
Key functions include recruitment, training, compensation, employee relations, and performance appraisal.
Why are employees considered important assets in modern companies?
Employees are essential because they contribute directly to innovation, productivity, and the company’s long-term success.
What is meant by ‘manpower planning’?
Manpower planning means forecasting the number and types of employees a business will need in the future.
What are some legal issues to consider in the staffing process?
Legal issues include ensuring equal opportunities and avoiding discrimination based on gender, race, age, or disability.
What is the benefit of hiring permanent, full-time staff?
Permanent employees bring stability, experience, and a sense of belonging to the company culture.
How does external recruitment benefit an organization?
External recruitment introduces fresh ideas, new skills, and broader experience.
Why might a company choose to hire temporary staff?
Temporary staff help cover peak periods or replace absent employees without long-term commitments.
What is ‘job sharing,’ and who might benefit from it?
Job sharing allows two employees to share the responsibilities of one full-time role; it’s useful for working parents.
How do consultants or freelancers differ from permanent staff?
Freelancers/consultants are hired for specific tasks or projects and are not part of the permanent staff.
Give an example of when a company might hire a temporary worker.
For example, a hotel might hire extra staff during the holiday season.
What is the meaning of the term ‘temps’?
‘Temps’ are short for temporary workers, usually hired through agencies for limited time periods.
Why might a company replace in-house roles with external consultants?
To reduce costs or bring in specialized skills not available in-house.
What is the first step in the recruitment process?
The first step is identifying job requirements and preparing a job description and person specification.
What are some examples of sources used to find candidates?
Sources include internal promotions, referrals, job ads, recruitment agencies, job fairs, and walk-ins.
What is ‘headhunting’?
‘Headhunting’ means actively seeking out qualified candidates, often already employed elsewhere.
What does ‘longlisting’ mean in recruitment?
Longlisting is the initial screening process where all applicants are reviewed.
What happens during a job interview?
Interviews help assess candidates’ communication skills, attitudes, and suitability for the role.
What are follow-up interviews used for?
Follow-up interviews dig deeper into a candidate’s fit for the team or specific tasks.
How is a ‘shortlist’ different from a ‘longlist’?
A shortlist includes top candidates from the longlist who are invited for interviews.
Why are job specifications and descriptions important?
These documents clarify what the job involves and what qualities are needed.
