1.4a managing people Flashcards
which two perspectives can an employer see their employees from?
-being a cost
-being an asset
what does seeing employees as a cost mean?
-treat employees simply as a resource of the business.
-link with business planning & costs
what does seeing employees as an asset mean?
-treat employees as the most important resource in the business
-a source of competitive advantage
-employees are treated as individuals and their needs are planned accordingly
pay of workers: employees as a cost (c) vs employees as an asset (a)
c - pay workers the minimum
a - provide good remuneration packages
sick/holiday pay: employees as a cost (c) vs employees as an asset (a)
c - provide the minimum legal sick/holiday pay
a - give reasonable holiday and sick pay
working conditions: employees as a cost (c) vs employees as an asset (a)
(+ definition)
the physical surroundings and atmosphere of the workplace, and the way staff are treated by managers
c - provide basic working conditions
a - invest in improving the working conditions
job retention/security: employees as a cost (c) vs employees as an asset (a)
c - find ways to maximise output while minimising staff costs
a - provide workers with job security
training: employees as a cost (c) vs employees as an asset (a)
c - see training as an unnecessary cost and one of the first things to be cut when in financial difficulty
a - see training as an important investment
decisions & responsibility: employees as a cost (c) vs employees as an asset (a)
c - centralise decision-making
a - delegate responsibility
employee motivation: employees as a cost (c) vs employees as an asset (a)
c - give little thought to employee motivation
a - take care in developing policies that motivate staff
define flexible working:
a range of working methods that help employees to balance work and home life
different methods of flexible working:
-multiskilling
-part time & temporary working
-flexitime & remote working
-outsourcing
-job share
benefits of a flexible workforce:
savings on costs:
↳ a business can reduce office expenses if it does not have to provide office and other accommodation for so many employees or if staff can work from home
helps with staff retention & motivation:
↳ lots of evidence that flexible working results in better job satisfaction and higher staff morale
can meet changes in demand:
↳ increasing need for businesses to be able to deliver services to customers on a 24/7 basis
↳ flexible working makes it easier for businesses to offer extended opening hours
drawbacks of flexible working:
-lower employee productivity
-can decrease employee morale
-it can be harder for managers and employers to keep track of what their employees are doing
what is multiskilling?
-staff are allowed to carry out a variety of tasks rather than specialise
-greater requirement on training
advantages and disadvantages of multi skilling:
advantages:
-improved productivity
-efficient resource utilization:
↳ reduces the need for excessive staffing → cost savings and efficient resource utilization
disadvantages:
-increased workload and stress → may decrease job satisfaction
-training costs
-multiskilling can lead to divided attention and reduced task completion efficiency due to less focus
what is outsourcing?
hiring an external specialist provider to do carry out a business process
advantages of outsorcing:
-outsourcer will have specialist equipment & skills → better quality
-supplier likely to achieve economies of scale
-speed of response can be set in outsourcing contracr
disadvantages of outsourcing:
-easier to ensure quality and trace problems if done in-house
-extra costs of communication compared to easy in house communication
what is job share?
two part-time employees share the work and pay of a single full-time job
advantages of job share
-more flexible → better motivation
-less stress → higher productivity
disadvantages of job share
-difficulties in supervising and managing employees
-compatibility issues → less productivity
what is a part time job?
a form of employment that carries fewer hours per week than a full-time job
(less than 32 hours)
advantages of part time jobs:
-less stress/more flexible → motivation
-healthy work life balance
-respond to short term changes in demand