Chapter 10: Human resources management Flashcards
Human resource management
The strategic approach to the effective management of employees so that they help the business gain a competitive advantage
Role of HRM in meeting organizational objectives
Workforce planning
Recruitment and employee selection
Appraising and training employees
Preparing employment contracts
Dismissal and redundancy of employees
Workforce planning
Forecasting the number of employees and the skills that will be required by the organisation to achieve its objectives
Workforce audit
A check on the skills and qualifications of all existing workers and managers
Reasons for and role of workforce planning
Number of employees required
Skills of the workers required
Labour turnover
Measures the rate at which employees are leaving the organisations
number of employees leaving in one year
————————————————————- X 100
Average number of hired employees
Costs of high labour turnover
- High recruiting costs
- Poor output levels/customer service due to staff vacancies before a new employee is appointed
- Difficult to establish customer loyalty
- Difficult to establish team spirit
Potential benefits of high labour turnover
- Low-skilled and less-productive staff might leave and can be replaced
- New ideas /practices brought into an organisation
- Can help a business plan to reduce employee numbers
Recruitment
Identifying the need for an employee, defining the job and person required. attracting suitable candidates
Selection
The series of steps where a candidate is interviewed, tested and screened to choose the most the most suitable person for the job
Recruitment agency
A business that offers the service of recruiting applicants for vacant posts
Job description
A detailed list of key points about the job (job title, key tasks, responsibilities, working conditions)
Person specification
A detailed list of the qualities, skills and qualifications that a successful applicant needs to have
Application form
A set of questions answered by a job applicant such as educational background and work experience
Curriculum vitae (CV)
A detailed document highlighting all of a persons professional and academic achievements, work experience and awards
Resume
A document that itemises work experience, educational background and special skills relevant for the job
Reference
Comment from a trusted person about an applicant’s character or previous work experience
Assesment centres
A place where a range of tests is used to judge an applicants ability to perform a particular role
Internal recruitment
When a business aims to fill a vacancy from within its existing workforce
External recruitment
When a business aims to fill a vacancy with an applicant from outside the businesses
Employment contracts
A legal document that sets out the terms and conditions governing a worker’s job
Features of an employment contract
The employees work responsibilities and tasks
Whether the contract is permanent or temporary
Working hours and level of flexibility expected
Holiday entitlement and other benefits
Number of days notice if they wish to leave