Unit6 Flashcards
(127 cards)
What are the roles of HR?
- Job analysis
- Recruitment
- Performance management
- Training
- Reward
- Diversity
- Safety and wellbeing
What are common HR objectives?
- employee engagement
- talent development
- training
- diversity
- alignment of values
- right number, skills and location of staff
1) employee engagement- HR objectives
if employees are fully engaged and involved in the business they’re more likely to be motivated= higher productivity and quality
2) talent development - HR objectives
development and guidance of talented staff so they can contribute to the success and growth. also improves employee retention of talent
3) Training - HR objectives
development of employee skills or behaviours to carry jobs out more effectively and improve performance
4) diversity- HR objectives
recognising each employee ad an individual and welcoming employee differences
5) alignment of values- HR objectives
the sharing of common set of core values between all employees
6) right number, skills and location of staff - HR objectives
meet the needs of the business there must be the right number of staff with the right skills and the right time in the jobs
what are the internal factors affecting HR objectives?
1) Financial objectives
2) Operational objective
3) Marketing objective
4) Corporate objective
what external factors affecting HR objectives
1) market changes
2) economic changes
3) tech changes
4) social changes
5) political and legal changes
what is hard HR?
approach treats employees as just another asset or resource that must be used as efficiently as possible
what is soft HR?
approach treats employees as a valuable asset or resource that needs to be developed
what is human resource data?
quantifiable information used to measure performance of the workforce. used to make improvements on performance
what does labour productivity measure?
a measure of how efficient the workforce is in transforming inputs into outputs
how do you calculate labour productivity?
total output / number of employees
what are the key factors influencing labour productivity?
- extent and quality of fixed assets
- skills and ability and motivation
- methods of production
- training and support given
- external factors
what are the potential problems when trying to increase labour productivity?
- loss of quality with higher output
- potential employee resistance
- employees may want higher pay for higher productivity
what are ways to improve labour productivity?
- measure performance and set targets
- streamline processes
- invest in capital equipment
- employee training
- improve working conditions
what does labour cost per unit measure?
the total labour costs divided by the number of units of output.
e.g. wages, taxes, motivators
how do you calculate labour cost per unit?
total labour costs / total output
what does employee cost as a percentage of turnover measure?
the proportion of sales revenue that is spent on employee remuneration
how do you calculate employee cost as a percentage of turnover?
(employee costs / sales turnover) x 100
what does labour turnover measure?
measure of the number of employees leaving as a percentage of the average size of the workforce in a given time period
how do you calculate labour turnover?
(number of staff leaving / avg number of staff) x100