AOS 2.1 Flashcards
HRM
the organisation of employees’ roles, pay and working conditions
o Training, change management, organisation
HRM: to make a profit
Increased job satisfaction -> Employees leaving decreases -> Costs associated with recruiting and training replacement for staff is reduced
HRM: to increase market share
Increased job satisfaction -> Quality of goods is increased -> Higher customer satisfaction and sales
HRM: to meet shareholder expectations
Increased job satisfaction -> Motivated to work harder and at a higher standard -> Increase sales and profits, higher dividends to shareholders
HRM: to fulfil a market need
Increased job satisfaction -> Contribute innovative ideas -> Unique goods and services better meet customer needs
HRM: to fulfil a social need
Increased job satisfaction -> Support business initiatives -> Aid community and reduce waste increased success
HRM: to improve efficiency
Increased job satisfaction -> Motivated and determined to complete work tasks -> Produce goods and services faster
HRM: to improve effectiveness
Increased job satisfaction -> Motivated to achieve business objectives -> More readily achieve its objectives and continue improving performance