Unit 6 Flashcards
What are the HR objectives?
- Employee engagement and involvement
- Talent development
- Training
- Diversity
- Alignment of value
- Number, skills and location of employees
- Labour productivity, retention & turnover.
What is employee engagement and involvement?
The degree of commitment shown by employees to their individual work.
What is talent development?
Identifies those employees who have potential and nurturing this to help them progress.
What is training?
The process of equipping employees with the skills and knowledge necessary to carry out their job effectivity.
What is diversity?
Employees have different priorities, backgrounds and beliefs
What is alignment of values?
Bringing the core value or belief of all employees together to focus on achieving a common aim.
What is Number, skills and location of employees?
Matching workforce skills, size and location to business needs
Internal influences on HR objectives?
- Corporate objectives
- Financial objectives and strategies
- Operational objectives
- Marketing objectives and strategies.
External influences on HR objectives?
- Workforce skills and availability
- Technological change
- Market conditions
- Political factors
- Social factors
What are the two HR approaches?
Soft and Hard.
Soft HR attributes?
- Opportunities for staff development
- Empowerment
- Consultation
- Greater autonomy and responsibility
Hard HR attributes?
- Control mechanisms
- Fixed term contracts
- Minimum wage
- External recruitment
Formula for labour turnover?
number of staff leaving / average number of staff x 100
Reasons for labour turnover?
- low pay
- little opportunities for promotion
- poor working conditions
- bad selection in first place
- need to cut costs
- natural transition
What is retention rates formula?
number of employees serving for more than 1 year / average number of staff x 100
