2.1 Intro to HRM Flashcards
Appraisals
As a role of HRM, it is the formal procedure of assessing the performance and effectiveness of employees against their job description.
Dismissal
The role of letting go of workers, usually due to underperformance or misconduct in the workplace.
HR Management
is a broad term used to describe the overall management of an organisation’s workforce and making the most efficient use of the organisation’s workers.
Induction
is a type of training for new employees to get them acclimatised with the norms and operations of the business.
Recruitment
Refer to the practice of hiring appropriately qualified and suitable workers at the right time to fill job vacancies.
Redundancies
Is the role of letting go of workers if/when their jobs are no longer needed.
Retention
Refers to the act of retaining/keeping workers at the organization by meeting the needs of employees.
Internal factors that influence HR planning
Size of the org - The larger the firm, the more involved it needs to be in human resource planning.
Strategic direction of the organisation - if growth is a priority, the organisation will plan to recruit more workers.
Org structure - A clear organisational structure helps workforce planning
Finances - Effective workforce planning cannot happen without sufficient funding being available.
Motivation - The higher the level of motivation, the more productive workers tend to be, and the lower the labour turnover rate
Corp culture - this influences its approach to HR matters such as working hours, flexitime, teamworking, appraisals,
External factors that influence HR planning
- Demographic Change
- Change in Labour mobility
- Immigration
- Flexi-time
- Gig economy
The gig economy
refers to labour markets in which workers are given short-term or one-off contracts, such as freelance work, rather than long-term or permanent jobs
Gig workers
are on-call, independent contractors who enter into formal agreements with on-demand businesses to provide certain services to the firm’s customers
Advantages of the Gig economy
-Workers enjoy freedom and flexibility as they can choose which jobs they want,
-Flexibility also enables some people to have a better work-life balance
-Businesses can gain from reduced costs of production as they do not need to hire so many full-time workers
Disadvantages of the gig economy
-A gig economy reduces the need for full-time workers in the traditional economy, possibly limiting people’s potential for career development.
-Gig workers do not have fixed employment contracts, so they may lack job security and a stable income.
-Lack of a full-time employment contract also means gig workers may miss out on employee rights and benefits, such as paid sick leave, holiday pay,
Resistance to Change
1) Self-interest
2) Low tolerance
3) Misinformation and misunderstandings
4) Interpretation of circumstances
