Effectiveness of HR Management Flashcards
Indicators
performance measures that are used to evaluate how effective an organisation is
Corporate Culture
refers to the values, ideas, expectations and beliefs shared by members of the business
Aspects of Poor Culture
- less engaged staff
- poor customer service
- high staff turnover
Aspects of Healthy Culture
- trust and transparency
- diverse, fun & social environment
- collaboration across all levels in decision-making
Benchmarking
comparing the business against other divisions/similar businesses to identify areas that require change or improvement
What are the different types of benchmarking
- Informal Benchmarking
- Performance Benchmarking
- Best Practice Benchmarking
- Balanced Scorecard Benchmarking
Informal Benchmarking
using informal discussions or visits to other businesses to research best practice
Performance Benchmarking
comparing the performance levels of a process/activity across divisions or businesses
Best Practice Benchmarking
comparing performance levels against another business with the best practice and implementing processes to achieve the same outcome
Balanced Scorecard
comparing performance levels against the strategic goals of a business
Staff Turnover
loss of employees by a business who leave for a variety of reasons
What is the cost of high staff turnover?
- payouts and entitlements
- hiring, inducting and training new staff
Absenteeism
When an employee is not present for work when required to be
Disputations
workplace disagreements/conflicts that manifest in overt or covert ways
What are the indicators of industrial disputation
- Work bans
- Work-to-rule
- ‘Go Slow’
- Sabotage