Progress test Flashcards
Employee engagement
A combination of job satisfaction, ability, and a willingness to perform for the organisation at a high level and over an extended period of time.
Technology in HR
- Use of people analytics
- Find commonalities in data that can help HR create new and more efficient processes, as well as more engaged employees
New HRM challenges
- Upskilling the workforce to successfully manage the AI revolution
- A shortage of skilled talent to clean, integrate, and extract value from big data and move beyond baby steps toward AI
- Build critical skills and competencies for the organisation
- Strengthen the current and future leadership bench
Creating strategic agility –> analyse larger data sets
HR’s critical factors
= Things managers must control in order to compete, but they can’t directly manipulate because people have free will
* Productivity
* Employee engagement
* Turnover = permanent loss of workers from the organisation
*Absenteeism = temporary absence of employees from the workplace
SHRM competency model (skills)
- Technical
- Interpersonal
- Conceptual and design skills
- Business skills
Line managers
The individuals who create, manage, and maintain the people and organisational processes that create whatever it is that the business sells
Staff managers
Individuals who advise line managers in some field of employees
HR responsibilities of line managers
- Legal considerations
- Labour cost controls
- Leadership and motivation
- Training and development
- Appraisal and promotion
- Safety and security of employees
Employee experience
Employee engagement as well as the totality of other interactions between the individual and their workplace and whether those interactions are positive or negative overall
Major HR discipline areas
- The legal environment (EEO, AA, DM)
- Staffing
- Training and development
- Employee relations
- Industrial and labour relations
- Compensation and benefits
- Safety and security
- Ethics and sustainability
- People analytics
The effect of employee turnover on hotel profits
The cost of a 1-point increase in turnover is greater for a hotel with a high ADR than for an economy-tier property
The employment cycle
Vacancy - Recruitment - Selection - Orientation - Training - Evaluation
Service profit relationship
internal service quality - employee satisfaction - employee retention/employee productivity - external service quality - customer satisfaction - customer loyalty - revenue growth/profitability
Internal service quality
The feelings that employees have toward their jobs, colleagues and companies
Strategic planning
The process of looking at our organisation and its environment and determining what our organisation decides to do to meet the requirements of that expected future.
External environment
Consists of a series of influences that originate outside the organisation and that the company cannot control. (macro and micro)
* Customers
* Competition
* Suppliers
* Labour force
* Shareholders (owners want return on
investment)
* Society
* Technology
* The economy
* Government
Internal environment
Critical organisational factors that we can control to decide what we want to do as an organisation as we move into the future.
* Structure
* Strategy
* Culture
Strategy
A plan of action designed to achieve a particular set of objectives (mission + vision)
Look at external and internal environment to create strategic advantage
Strategic types
- Cost leadership
- Focus or niche (specific portion of market)
- Differentiation (impression of difference)