Chapter 11- HR Flashcards
what is human resource management?
the branch of management that is responsible for recruitment, training and monitoring of employees.
importance of HR management?
1- recruit the right ppl 2- train them and develop them 3- employment contract 4- monitor them 5- payment incentives 6- morale and welfare
why would a firm want to recruit staff?
- expanding
- employees leaving
what is recruitment?
the process of identifying the need for a new employee, defining the job and attracting suitable candidates.
what is selection?
involves the series of steps by which the employees are interviewed, tested and screened for choosing the most suitable person.
advantages of external recruitment?
1- new experiences and ideas
2- no rivalry
3- wide choice
4- higher standard of applicants.
advantages of internal recruitment?
1- applicants background will already be known
2-already know the rules, no need for induction training
3- no money wasted on advertising
4- less time wasted
5- motivate other employees
6- staff wont have to get used to new management style
what is job description?
a detailed list about the tasks and responsibilities of the job. it will attract the right ppl for the job.
what is a person specification?
states the qualities that need to be possessed by applicant eg. qualification, level of experience etc.
what are the methods of selection?
CVs
Interviews
tests
and trial periods.
what are the methods of recruitment?
internal
external
what are employment contracts?
legal documents that includes terms and conditions of the job.
what is labour turnover?
the rate at which employees are leaving an organisation. calculated by:
number of employees that left x 100
———————————————————
average number of people employed
usefulness of labour turnover rate?
- tells about employee morale and satisfaction
- shows how good the recruitment policy is
what are the reasons for high labour turnover rate?
- bad recruitment policy
- employee discontent
- low unemployment so ppl leave for better jobs
- type of job. fast food restaurants have 100% turnover rate.