HR Effectiveness Flashcards
CORPORATE CULTURE
WHAT: Corporate culture is the shared beliefs and values within the business
Indicators:
→ Commitment - demonstrated by employee behaviour/attitudes → Willingness to participate and accept change (adaptability)→ Loyalty to the business→ Unity as a group → Team dynamics and cohesion → Productivity and efficiency
ABSENTEEISM
WHAT: Absenteeism refers to employee absences, on an average day, without sick leave or leave approved in advance.
This is a cost to the business.
Describe:
Includes: Unscheduled absences, Lateness/Early departure from work - illustrates lack of commitment
ACCIDENTS
Define: Accidents refers to work related injuries. Describe: Due to: Arduous physical labour Unsafe working conditions Unsubstantial training provided
WORKER SATISFACTION
WHAT: Worker satisfaction refers to the attitude, opinions and level of motivations of employees with their job.
Describe:
Directly relates to:
Quality of production
CHANGE IN STAFF TURNOVER
WHAT: Staff turnover refers to the number of employees leaving an organisation relative to the total number of staff. It is represented as a percentage (%).
Indicators include: Staff leaving - Numbers seeking transfer - Retirements - Number of applicants for vaccines - Average staff turnover rates in Australia 12-15% per year.
LEVELS OF DISPUTATION
WHAT: Level of disputation refers to the level of formal or informal disagreement between employers and employees.
Describe: Employees dispute businesses over:
- Managerial policy - Choice to make positions redundant - Remuneration - Discrimination - Lack of work/life balance
BENCHMARKING KEY VARIABLES
WHAT: Benchmarking involves measuring an employee’s performance or that of the business against established standards or other similar businesses or best practice.
DESCRIBE:
Informal benchmarking - includes strategies such as networking through informal discussions with colleagues in other businesses, undertaking visits to other businesses, researching best practice online anda trending conferences.
BENCHMARKING KEY VARIABLES: Describe continued
Performance benchmarking - involves comparing the levels of a process/activity with other businesses
Best practice benchmarking - involves comparing performance levels with those of another best practice business in specific areas using a structured process to gain skills and knowledge and to modify organisational processes
Balanced scorecard benchmarking - is used for measuring whether the activities of a business are meeting its objectives established in the strategic plan. It benchmarks key performance variables with targets aligned with the strategic plan.