Chapter 16 - Human Resource Management Strategy Flashcards
HRM Strategy
A Long term plan for the management of an organisation’s human resources.
Hard HRM
An approach to managing employees that focuses on cutting costs.
Soft HRM
An Approach to managing employees that focuses on their development so that they reach self-fulfillment and are motivated to work hard and stay with the business.
Full-Time Employees Contract
An employment contract that is for a complete working week.
Permanent Employee Contract
A contract that employs a worker unless they are dismissed, made redundant or decide to leave the organisation.
Temporary Contract
The contract is only offered for a fixed period of time, such as six months. The contract can be renewed, but the employer does not have to do this.
Part Time Contract
Workers are only contracted to work certain number of hours each week ( less than the full time working force)
Zero Hour Contract
An employment contract that does not guarantee a minimum number of hours per week, but the worker is expected to be available for work when called by the employer.
Gig Economy
An employment mix in which temporary flexible jobs are common and workers are hired as independent contractors or freelance employees.
Flexible Employment Contract
A contract that allows employees more control over their work life balance, including options to work from home, flexible start and finish times, to work part time or job share
Flexitime Arrangement
A flexible way of working that allows employees to fit their working hours around their individual needs, and to accommodate other commitments outside of work.
Home Working
When an employee work from home, often for a specific number of days per week, but keeps contact with the office by mans of modern IT communications.
Annualised Hours Contract
A contract offering a specific number of hours of work over the whole year, but with some flexibility about when those hours are worked.
Job Sharing
A work schedule in which two employes voluntarily share the responsibilities of one full time job. They receive a salary and benefits on a proportionate basis
Compressed Working Hours
The number of hours per week of a full time on, but worked in fewer days.