6) Interpreting HR Data Flashcards
3 HR objectives
matching workforce to business needs
helping employees meet potential
supporting employee / employer relations
what is hard management
sees employees as resources
what is soft management
sees employees as assets
labour productivity formula
output / number of employees
labour turnover % formula
(staff leaving / avg staff employed) x 100
what is the difference between centralised and decentralised structures
centralised keeps decisions at the top rather than delegating
what is Taylor/ scientific management
workers motivated by money
what is Maslow’s hierarchy
self actualisation
self esteem
social needs
safety
basic physical needs
what is Hackman and Oldham
skill variety and task significance
autonomy
feedback
3 payment methods
piece rate
commission
performance related pay
3 non financial motivation methods
empowerment
improved conditions
job enrichment