HR Strategies Flashcards
Hard HRM strategy
Employees aren’t as valued and are seen like a machinery, little empowerment and responsibility, minimum wage with little to no benefits, survived for a tall autocratic leadership style
Soft HRM strategy
Employees are valued and seen as one of the most important assets, competitive pay with many benefits, employees are empowered and tasks a delegated, suits a flat democratic leadership style but high cost
Components of work force plans
An,using existing workforce, assessing future need, indenturing the gaps in the workforce
Internal influences on workforce plans
Corporate objectives, production and marketing objectives, strength of current labour, existing organisational structure
External influences on workforce plans
Market demand, labour market trends, economic conditions, social and political change, local factors
Issues impe,eating workforce plans
Employee/employer relations, costs, corporate image, legislation, labour market tends
Value of workforce plans
Helps achieve corporate objective, prepare and plan for changes, strategic decision making, improved communication.
Centralisation
Keeps decision making formally at the top of the hierarchy amongst most of senior management, easier to implement but lack of authority for managers further down which can cause motivational issues
Decentralised
Decision making is spread out and include more managers, decisions made closer to the customer which can improve customer service, but no sense of strong leadership
HR objectives
Include, matching workforce skills, size and location to business needs