1.4.1 Approaches To Staffing Flashcards
What does it mean if staff are an asset for the company
Employees are valued by their employers who have concerns for their wealth fare
- looks for the needs of employees
What are the needs of the employees
Pay
Acceptable holidays, pension
Safe and comfortable workplace
Training
Promotion opportunities
Job security
What are the advantages of staff as an asset
Helps recruitment, retention and motivation
What does it mean if staff are a cost for the company
Firms will look to minimise their cost
How do firms minimise their costs
Pay minimum wage
Zero hours contract
Minimise training
Only give staff legal minimum sick pay etc.
What are the downsides of this staff as a cost
Low productivity due to low motivation
High staff turnover and absenteeism
Conflict between staff and managers
What are the costs of not training an employee
Employees may not have any work experience, this means that the job will be done slowly and not to a good standard. Leads to bad quality as well as them running out of stock if made too slowly
What is the difference between salary and wages
Salary is fixed, wages that are payed yearly which is split over 12 months,
Wages are payed hourly for work done in the day
Why do workers leave a job
Moving to another
Better pay
Better opportunities
Retirement
What is dismissal
Worker is asked to leave due to misconduct, ineffective at their work
The worker will be given a period of notice.
What happens if dismissal is unlawful
The worker can take the employer to an employment tribunal and get their job back if successful
What is redundancy
Occurs when there is insufficient work for the employee to do, workers receive a severance package depending on their years of service with the company
What are the 6 types of flexible workforce
- Multi-skilled workers
- Outsourcing
- Homeworking
- Flexible hours
- Part - time workers
- Temporary workers
What are multi skilled workers
Quickens response times but could increase workload without without extra pay
What is outsourcing
Getting induviduals or firms outside the company to do tasks that were done in house.
Means they don’t have to employee a permanent member of staff