business unit 3 aos 2 knowledge points Flashcards

1
Q

relationship between managing employees and achieving business objectives

A

effectively managing employees means theyre performing optimally. employee’s optimal performance leads to achieving business objectives.

hr focusing on motivating employees increases productivity and helps achieve objectives

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2
Q

5 stages of maslow’s hierarchy

A

physiological, security, social, esteem, self actualisation

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3
Q

goal setting theory factors

A

clarity, challenge, commitment, feedback, task complexity

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4
Q

motivation strategies

A

performance related pay, career advancement, investment in training, support, sanction

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5
Q

performance related pay strategies

A

gainsharing, profit sharing, share plans, bonuses, commissions, pay increase

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6
Q

Delete later

A

Delete later

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7
Q

benefits of training for employee

A

opportunity for promotion, improved job satisfaction

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8
Q

benefits of training for employers

A

higher productivity, goals more efficiently met

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9
Q

strengths of on the job

A

cost effective, trainees learn to use actual equipment

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10
Q

weaknesses of on the job

A

bad habits are passed down, production is disrupted

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11
Q

strengths of off the job

A

provides employees with a formal qualification, availability to wider skills

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12
Q

weaknesses of off the job

A

more expensive, employees with qualification may leave

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13
Q

performance management strategies

A

appraisal, employee self evaluation, management by objectives, employee observation

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14
Q

strengths of appraisal

A

allows positive relations to develop, facilitates communication

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15
Q

weaknesses of appraisal

A

stressful, time consuming

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16
Q

strengths of employee observation

A

identifies strengths and weaknesses, useful for evaluating leadership

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17
Q

weaknesses of employee observation

A

not useful for technical skills, expensive, time consuming, only applies to businesses with high trust

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18
Q

strengths of management by objectives

A

manager and employee know whats expected, improves communication, highlights where employees need training

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19
Q

weaknesses of management by objectives

A

costly, time consuming, adds to responsibilities

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20
Q

strengths of employee self evaluation

A

employees are actively involved, highlights need for training, helps employees understand strengths and weaknesses

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21
Q

weaknesses of employee self evaluation

A

employees overstate, management may need to monitor, employees may feel ill-equipped

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22
Q

types of appraisals

A

essay method, critical incident method, comparison method

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23
Q

types of termination

A

redundancy, resignation, retirement, dismissal

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24
Q

redundancy key info

A

hr manager needs to know related procedures such as consultation, time off leading to last day, redundancy pay etc

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25
examples of entitlement issues
redundancy pay, wages, leave entitlements, termination notice
26
examples of transition issues (retirement)
gradual reduction in days, counselling, support on superannuation, government pension entitlements
27
examples of transition issues (redundancy)
assistance with resume and job application, references for resumes, time off to attend interviews, exit interviews
28
examples of transition issues (dismissal)
exit interviews
29
internal workplace relations
employees, employers, hr managers
30
external workplace relations
trade unions, employer associations, peak union bodies, peak employer bodies, fair work commission
31
role of employees
develop or change agreements, modify existing work practices to achieve objectives, expect fair wages in return
32
role of employers
handle workplace relations daily, involved in programs to improve business performance, workplace relations specialists handle legal issues
33
role of hr managers
negotiation employment contracts, training other managers and supervisors, implementing agreements, dealing with disputes and conflict
34
fair work commission deals with
unfair dismissal, awards, employment standards, minimum wages, industrial disputes, approves employee/employer agreements
35
role of employer association
process log of claims, formulate policies
36
role of peak employer bodies
perform a similar role for employers that peak unions do for unions
37
role of union bodies
represents union in court and settling large disputes
38
government organisations include
legislator, employer, economic manager, administrator of government policies
39
strengths of awards
less costly, less time consuming because of predetermined terms
40
weaknesses of awards
numerous awards in one workplace, awards dont attract talented candidates
41
strengths of enterprise agreements
flexible, attracts talented candidates, simpler than modern award
42
weaknesses of enterprise agreements
time consuming, more expensive
43
types of dispute resolutions
negotiation, grievance procedure, mediation, arbitration, concilliation
44
industrial action key info
if industrial action is protected during a bargaining period, the party taking action cant be sued
45
advantages of maslows hierarchy of needs
manager develops understanding of employees, easy to understand
46
disadvantages of maslows hierarchy of needs
only a theory, difficult to determine stage,
47
advantages of the goal setting theory
setting clear goals motivates employees, higher productivity, better manager/employee theory
48
disadvantages of the goal setting theory
goals that arent challenging can demotivate employees, failure to meet a goal ruins confidence, individual goals may clash with business goals
49
advantages of four drive
adaptable to complicated situations, drives work independently which makes it flexible
50
disadvantages of four drive
other drives exist, may cause competition
51
advantages of performance related pay
improves productivity levels, only applies when there's actual improvement
52
disadvantages of performance related pay
expensive, may not be able to afford it, not all employees are motivated by pay
53
advantages of career advancement
provides a means to retain valuable employees, promoted employee will feel motivated
54
disadvantages of career advancement
causes rivalries, creates resentment, employee may be promoted beyond their capacity
55
advantages of investment in training
benefits the business because employees work better, may improve employee retention
56
disadvantages of investment in training
expensive, employee may leave after training
57
advantages of support
cheap or free, support improves confidence and motivation
58
disadvantages of support
requires a positive corporate culture, employees become too dependent on support
59
advantages of sanctions
can quickly stop bad behaviour, can motivate some to do better
60
disadvantages of sanctions
may cause resentment, only short term, excessive sanctions reduces sense of belonging