1.4.1. Approaches to Staffing Flashcards
What is viewing staff as an asset?
Believing that staff are the most valuable asset to the company, and looking to develop them in order to boost their value to the business.
How do employers that view staff as an asset, think that the employees can contribute to the output of an organisation?
By:
- bringing added value
- supporting manufacturing processes
- offering high quality customer service
What is viewing staff as a cost?
When firms focus on the amount of money they are spending, rather than how much an employee might develop. Aiming to hire staff as cheaply as possible and utilizing them efficiently in order to meet corporate targets.
What are some costs associated with employees?
- training
- recruitment
- payment
- welfare
- severance
Why is flexibility needed in workforces?
Markets are always changing so in order to remain competitive, work forces need to be flexible, especially in markets where consumers are driving the products with demand pull.
What are some examples of flexible working?
- part time
- flexitime
- temporary
- annualised hours
- multi-skilling
- compressed hours
- staggered hours
- job sharing
- teleworking/telecommuting
What is part time working?
Working less than normal hours, e.g. fewer days per week.
What is flexitime working?
Choosing when to work (normally during a core period)
What is temporary working?
Joining a company on a short term contract that has a specific end date.
What are annualised hours?
When hours are worked out over a year.
What is multi-skilling?
When employees train to become experts in more than one task/function so they can adapt more quickly to changes in the company.
What are compressed hours?
Working contracted hours over fewer days.
What are staggered hours?
Different starting, break and finishing times for employees in the same workplace.
What is job sharing?
Sharing a job designed for one person.
What is teleworking/telecommuting?
Working from home.
Why are flexible workforces attractive to companies?
- can avoid the cost of having to pay for full time employment
- can benefit from access to skilled individuals without having to train them first
- cover shifts can be filled when demand spikes
What are drawbacks of flexible workforces?
- staff may have low job security = low motivation
- communication can be difficult
- low motivation can lead to poor productivity and high turnover of staff
What is outsourcing?
Another example of flexible working, where a business will find a person/other firm to take on a particular business process, often used by large businesses and done overseas.