Group Assignments Flashcards
Why do employees leave managers, not companies?
- Managers underutilize employees which in turn makes them feel unchallenged and unfulfilled, causing them to leave the company.
- Managers’ failure to provide opportunities for growth creates dissatisfaction among employees, leading to their resignation.
- Managers are the ones who help perpetuate work culture, failure to create a healthy or satisfactory work culture on the manager’s part causes employees to leave.
What can managers do to make employees stay?
- Constructive and positive communication
- Offer short, medium, and long-term prospects
- A safe and caring environment conducive for development
Why is there a need for ethical practices?
- External pressure
2. Increased need for transparency
How can HR help to nurture an ethical work culture?
- Familiarize with the Law
- Hire the right talent
- Support an ethical work culture
What are the pros of internal recruitment?
- Cheaper
- They have accumulated knowledge that are intrinsic and particularly valued to the company
- Serves as a retention tool
What are the pros of external recruitment?
- Larger pool of candidates leading to higher levels of talent available
- Innovative, fresh ideas
- Organization growth; hiring from industry’s key players
What factors are important to consider when hiring internally or externally?
- Job nature
- Level/position of job
- Characteristics of industry
Why are Employee development & Career Management Programs important?
- Attractive hiring package
- Self analysis
- Engagement
- Self-sustaining culture
- Development
- Job performance
- Loyalty
- Strengthening relationship
- Investment
- Retention
What are the reasons for Quarter-life crisis?
Career-related reasons; concerned in finding a job they are passionate about, or anxiety due to comparing themselves with their more successful friends.
How can companies help millennials battle quarter-life crisis?
- Supervisor support
- Work-life policy
- Work environment
- Career development opportunities
What are the components of Performance Management?
- Setting goals
- Providing support
- Evaluating performance
- Follow-up action
What are the downsides to performance management?
- Unethical goal setting to obtain rewards
- Inaccurate appraisals (waste of time or favouritism)
- Wrong methods of optimizing performance
What are the benefits of performance management?
- Motivates to accomplish goals, instils fulfilment
- Rewards increase performance
Why are Singaporeans disengaged?
- Performance mismanagement
- No opportunities for growth & learning
- Work-life imbalance
Why are engaged employees important?
- Leads to sustainable competitive advantage.
