1.4 - Managing People Flashcards
What is human resource management
A strategic approach to managing employees which aims to maximise people’s capabilities to achieve a sustained competitive advantage
What is workforce planning
The process of identifying in advance a firms human resource requirements to enable it to carry out planned activities and fulfil its objectives.
Internal recruitment
Jobs given to staff who are already employed by the business
External recruitment
Brings someone new from outside the organisation
4 methods of recruitment
Media advertising, job centres, recruitment agencies, firms website.
What is induction training
Aims to make newly appointed workers fully productive as soon as possible familiarising then sign key aspects of the business.
On the job training
Where the employee receives training whilst remaining in the workplace
Off the job training
Where the employees training takes place away from the workplace.
Staff as a cost
Treat employees simply as a resource of the business
Staff as assets
Treat employees as the most important resource in a business and a source of competitive advantage.
What is flexible working
Working arrangements where there is a variety of options offered to employees in terms of working time, location and the pattern of working.
Pros of flexible working
Saving on costs, able to deliver services on a 24/7 basis, motivates employees
Cons of flexible working
Difficult to manage, potential loss of customers, lower employee productivity
Multiskilling is
Where staff are allowed to carry out a variety of tasks rather than specialised
Outsourcing
When a firm finds an external business to carry out part of the production process
Why do business outsource
Reduce costs
Achieve a better level of service
Dismissal
Employee dismissed because of break of contract or other unacceptable behaviour or performance
Redundancy
Employee loses job because the job is no longer required by the business, they will receive a pay off based on how long they have been at the business
What is the Trade Union
An organisation that employees pay to join in order to gain greater power and security at work, it protects and improves the real incomes of their members (represent and negotiate )
Industrial action
The actions taken by employees of a company as a protest
What is conciliation
Used when an employee is making or could make a specific complaint against their employer
What is mediation
Involves an independent person helping two or more individuals or groups reach a solution that’s acceptable to everyone
What is Arbitration
Involves an impartial outsider being asked to make a decision on a dispute
What is organisational structure
Shows how people and management are organised in a business