3.5.3 Human resources Flashcards
What are the features of a human resource function?
recruitment employee representing (trade unions) dismissals and redundancy employee welfare health and safety training customer service contingency plans (succession planning) motivation and productivity staff retention
How would you measure the success of a HR function?
1) Recruitment (speed/cost/applicants)
2) Planning (profits/longtermism)
3) Retention (morale)
4) training (performance/skills)
5) motivation (morale/productivity)
6) redundancy and dismissals
What calculations would you use to help decision-making from the HR function?
1) Labour turnover and staff retention
2) Labour productivity
3) Absenteeism
How do you work out Labour turnover/staff retention?
(number of employees that leave during period)/(average number employed during the period) x 100
How do you work out labour productivity?
1) output per period (units) /number of employees at work.
2) Total output/total employees
3) Total output/work hours
How do you work out absenteeism?
(time lost) / (max time) x 100
What do you want labour turnover to be?
- as high as possible
What do you want labour productivity to be?
- as high as possible
What do you want absenteeism to be?
- low as possible
Why do people leave jobs?
- wages
- not enjoyable
- self interest
- no promotion
- ethics
- retirement
- illness
- flexibility
- opportunities
What factors impact staff turnover?
- leadership
- pay
- job security
- working conditions
- motivational strategies
- progression
- welfare
- ethics
- flexibility
What are the 4 ways a business increase productivity and retention but reduce turnover and absenteeism?
- financial rewards
- employee share ownership
- consultation strategies
- empowerment strategies
How can business improve its labour turnover?
- motivation
- circles of quality (consultation)
- staff appraisal
- improve recruitment process (refine)
- flexible working
- opportunities and promotion
Why is productivity so important?
It impacts a businesses output and quality
Helps understand the current workers efficiency
Helps reduce ACPU
What factors influence levels of productivity?
- training
- motivation
- leadership style
- method of production
- skills and expertise
- proximity to suppliers
- external circumstances
- resource mix
- working environment