1.4 Flashcards
why is HRM (human resource management) / staffing important?
The right people, in the right roles, with the right support, with opportunities to succeed
This will lead to higher productivity, more profits and a positive work environment
why are staff an asset to businesses
staff:
increase productivity
drive innovation
enhance customer service
build positive reputation for business thru interactions with customers, suppliers, and other stakeholders
effect of national minimum wage on staffing costs
If the government introduces (or raises) a national minimum wage it will apply to employees who receive a wage, rather than a salary
Businesses that employ workers on a wage basis will face higher labour costs
Businesses that employ workers on a salary basis are less likely to be affected by the introduction of a minimum wage, as they already pay a fixed amount regardless of the number of hours worked
what is flexible working?
the development of a culture where workers are equipped to do different roles or where they work in a range of employment patterns
what are some ways to develop a flexible workforce?
multi-skilling
outsourcing
flexible hours / home working
what is multi-skilling?
the process of training workers to fulfil multiple job roles within a business
advantages of multi skilling?
Business utilise their workforce more efficiently which reduces labour costs and increase productivity
disadvantages of multiskilling
May require significant investment in training and development
May not be appropriate for all job roles, especially those that require a high level of expertise
advantages of part time/ temporary working
can help businesses to attract and retain talent, especially staff who value work-life balance
may improve productivity, as staff can work during their most productive hours and avoid distractions
disadvantages of part time / temporary work
can create challenges in terms of communication and collaboration (especially if staff are working remotely)
Monitoring and managing flexible workers can be more difficult
advantages of outsourcing
may allow businesses to access specialised skills that may not be available in-house
May reduce labour costs
disadvantages of outsourcing
may lead to a loss of control over quality and delivery, especially if the outsourcing partner is based in another country
may create ethical concerns, especially if the partner is based in a country with lower labour standards or human rights abuses
individual approach to employer/employee relationships
Assumes that each employee is unique and has their own goals, motivations, and interests
emphasises the need for tailored compensation packages that cater to each employee’s unique skills and needs
The employment relationship is a voluntary agreement between two parties in which both negotiate their respective roles, responsibilities and benefits
The employer has the power to hire, fire, and set the terms and conditions of employment
collective bargaining
a group of employees (represented by a trade union) negotiate with their employer for better wages, working conditions and benefits
Employees have more bargaining power when they negotiate collectively rather than as individuals
The employment relationship is seen as a power struggle between two parties with conflicting interests
The employer wants to maximise profits by keeping labour costs low
The employees want to maximise their wages and benefits
The union acts as the collective voice of the employees and bargains with the employer on behalf of all workers
what is recruitment
the process of attracting and identifying potential job candidates who are suitable for a particular role
what are some examples of some recruitment activities?
job advertising, job fairs, social media outreach and referrals
what is selection?
he process of choosing the best candidate
Selection activities often involve reviewing CVs and conducting interviews or assessment tasks
The goal of selection is to hire the most suitable candidate for the job
what are the stages of the recruitment and selection process
- define the role
2.determine the best source of candidates (external or internal recruitment) - advertise
- receive applications
- selection
pros of internal recruitment
Cheaper and quicker to recruit
People already familiar with the business and how it operates
Provides opportunities for promotion with in the business – can be motivating
Business already knows the strengths and weaknesses of candidates
cons of internal recruitment
Limits the number of potential applicants
No new ideas can be introduced from outside
May cause resentment amongst candidates not appointed
Creates another vacancy which needs to be filled
advantages of external recruitment
outside people bring new ideas
larger pool of candidates
might have wider range of experience
disadvantages of external recruitment
Longer process
More expensive process due to advertising and interviews required
Selection process may not be effective enough to reveal the best candidate