AOS 2.1 Flashcards

1
Q

HRM

A

the organisation of employees’ roles, pay and working conditions
o Training, change management, organisation

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2
Q

HRM: to make a profit

A

Increased job satisfaction -> Employees leaving decreases -> Costs associated with recruiting and training replacement for staff is reduced

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3
Q

HRM: to increase market share

A

Increased job satisfaction -> Quality of goods is increased -> Higher customer satisfaction and sales

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4
Q

HRM: to meet shareholder expectations

A

Increased job satisfaction -> Motivated to work harder and at a higher standard -> Increase sales and profits, higher dividends to shareholders

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5
Q

HRM: to fulfil a market need

A

Increased job satisfaction -> Contribute innovative ideas -> Unique goods and services better meet customer needs

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6
Q

HRM: to fulfil a social need

A

Increased job satisfaction -> Support business initiatives -> Aid community and reduce waste increased success

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7
Q

HRM: to improve efficiency

A

Increased job satisfaction -> Motivated and determined to complete work tasks -> Produce goods and services faster

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8
Q

HRM: to improve effectiveness

A

Increased job satisfaction -> Motivated to achieve business objectives -> More readily achieve its objectives and continue improving performance

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