Chapter 43, Workforce Planning, human resource objectives and strategy Flashcards
Human Resource Strategy
balancing the workforce in terms of the following factors
- age of employees
- Innovation
- Skills
Human resource needs
- change
- increased sales
- turnover
- Improved technology
- budget
- natural disasters
- economy
- changes in legislation
Factors affecting ability to reach human resource needs
- Availablity of potential workers
- skill level
- demand
- type of work
- location
- Cost of living
- legislation
Outsourcing
the usage of external labour to undertake specific jobs or contracts
Flexible working practices
- Flexi-time
- Term-time working
- time off lieu
- Job sharing
- Remote working
- Zero hour contract
- Compressed hours
- Annualised hours
Flexitime
includes a core time where employees have to be present but outside of these hours there is flexibility as long as the required number of hours is completed
Term time working
working hours mirror term time days
Time off lieu
employees may be asked to work more hours during busy periods but then can take off these hours at other times as compensation
Job Sharing
where multiple people share the same job sometimes on a morning-afternoon basis
Remote working
working away from the premise of the business e.g. at home
Zero hour contract
Employers hire with no guarantee of work. Employees can turn down work but employers don’t have to offer it
compressed hours
can compress 5 working day hours into 4 by working more hours on each day
Annualized hours
hours are set annually and there is flexibility over how these are undertaken
Workforce Planning
The process used to plan the number and quality of employees that will be required, both in the short and long-term
