1.4 Managing people Flashcards
a1=Staff as an Asset
employers recognise the input of employees as an important business resource, they contribute to value of output- by doing this they can attract and retain top talent
Staff as an Asset Examples
Investment in development: investing in training & development
Recognition & Motivation: recognition,+ve work culture, engaged workforce, loyal
Empowerment & Involvement: involving them in decisions, fosters responsibility
Work-life Balance: commitment to staff, promotes wellbeing
Staff as a Cost
the employee is a cost to the business in terms of recruitment, training, welfare and severance- by doing this the workforce is unmotivated and staff turnover is higher
Staff as a Cost Examples
-Paying the minimum legally allowed
-providing unsecure contracts (0 hr)
-Limited trainig
-Ignoring human needs and social aspects of work
Flexible Workforce
can help a business better meet the needs of its customers as they have the flexibility as a buness to respond to changes in demand
Multi-Skilling (fwf)
-employers are trained in variety of roles
Benefits: increased productivity as employees can handle variety, cost efficiency due to versatile workforce, opportunities for varied work, broadens career path
Challenges: training programmes can be time consuming, can be demanding
Part time work (fwf)
-employee works fewer hours than standard full time- typically less than 35hrs per week
Benefits: provides income but still free time, opportunities for individuals who can’t commit to full time
Challenges: limited career progression, potential difficulties accessing benefits
Temporary contracts (fwf)
-employment agreement with predetermined end date
Benefits: opportunity for diverse work experiences, potential for quicker entry into workforce
Challenges: job insecurity, limited access to employment benefits
Flexible hrs & home working (fwf)
-structure offers variation from traditional office hours and location
Benefits: independence, improved work life balance, reduced stress, job satisfaction
Challenges: communication challenges, work life boundary blurring (overworking), lace of face to face
Outsourcing (fwf)
-practice of contracting out certain business functions or tasks to external third-party services providers rather than handing them in house
Benefits: cost efficiency- enables access to resources at lower costs, focus, access to talent
Challenges: loss of control- challenge in managing/overseeing, communication barriers
Dismissal
- referred to informally as firing, termination of employment by employer against will of employee
-must adhere to fair procedures inc warnings, employers must provide notice or pay in lieu of notice
eg. Gross Misconduct- things like theft, physical violence, gross negligence. You can dismiss employee immediately as long as fair procedure followed
Redundancy
-occurs when an employer eliminates a job role or reduces the workforce, leading to termination of employment
-commonly due to economic facts, restructuring or tech changes
-redundancy should be fair with notice
Employeer/Employee Relationship
Individual Approach
-Developing relationships with employees at an individual level, recognises uniqueness, fosters collaborative effort to achieve a balance between
individual preferences and organisational objectives.
Employeer/Employee Relationship
Collective Bargaining
-negotiation of wages/
conditions of employment between employee representatives/ trade
unions and the employer
-parties work mutually as collective
Recruitment & Selection
Recruitment - process of finding and selecting worker, encompasses strategies to attract pool of qualified applicants
Selection- involves evaluating and choosing the most suitable candidates through interviews, assessments etc
Internal Recruitment
-refers to select employees who already work within the business to fill the vacancies
-often seen as a way to retain and reward existing talent while minimising the cost and time with external hiring
-reduced risk
External recruitment
-the process if filling job vacancies by seeking candidates from outside the organisation
-often necessary when specific skills or expertise aren’t readily available within the current workforce or when organisation is seeking to diversify talent base
Recruitment & Selection Costs
-Advertising and expenses related to the posting of job opening on various platforms
-work conducted by HR is also another cost to be considered
-Fees paid to agency’s for outsourcing the hiring process
Training Costs
-Salary & Wages (time spent by existing employees & trainers in providing training)
-Training materials
-Tech and equipment- expenses for computer, software etc
-Trainer costs (external)
-Productivity loss (reduced productivity of new and existing staff during training)
Types of Training
Induction
-Systematic process designed to introduce newly hired employees to organisation, its cukture, policies and specific roles+responsibilities
-Provides essential info about company’s values, expectations, safety protocols, administrative procedures
-Welcomes new hires, contributes to retention rates
Types of Training
On-the-job
Coaching & Mentoring- experienced employees guide new hires, providing one on one support, sharing knowledge
Job Rotation- exposed to different roles in organisation, gaining diverse
skills+experience
Apprenticeships-new employees work alongside skilled professionals, learning through hands-on experience
Internships-work in temporary position,gaining practical experience, exposure to industry
Simulation&RolePlaying- mimic real work situations to practise+develop skills
Job Shadowing-new hires observe experienced to gain insight and understand practical aspects
On-the-Job
advantages&disadvantages
Advantages: cheaper ,relevant(learning while doing job), easy to organise
Disadvantages:slower productivity, existing may not like training new hires (esp if unpaid), possible health and safety hazards by letting unskilled train on the job
Types of Training
Off-the-Job
Classroom/lecture based-conducted by instructors
Workshops/conferences-led by experts, enagage in discussions/activities to enhance skills
Online-participants can work at own pace
Distance learning- not being physically present,tpically through online platforms
External programmes-participate in specialised courses etc
Off-the-Job
advantages&disadvantages
Advantages:output of other employees not affected, done outside of working hrs, no risk on employees or customers
Disadvantages:expensive, difficult to organise, output for new hire may be lower due to being offsite