Human Recources Flashcards
How much of a company’s annual profits could employee turnover cost?
Up to 40%
How much money does the average company lose with the loss of ten managerial employees
$1 million
How much of an employee’s salary does turnover cost?
50-100% of the employee’s salary
What are some employee retention strategies?
Increased compensation
- Fringe benefits
- Job-sharing
- Flextime
- Home-based work
What are the three branches of HR?
- Strategic
- Associate advocate
- Administrative
What are the responsibilities of strategic HR?
- At the MGT table
- Collaborative
- Planning
- Measurement
What are the responsibilities of associative advocate HR?
- HR development
- Employee and labor relations
What are the responsibilities of administrative HR?
- Equal employment opportunity
- Compensation and benefits
- Health safety and security
Operational HR is
Employee focused and reactive
Strategic HR is
Organizationally focused and proactive
Famous HR laws include
- Civil rights acts of 1964 & 1991
- Age discrimination act
- Equal employment opportunity
- Americans with disabilities
- Social security act
What is employment at will doctrine?
You may quit your job and employers may terminate whenever and for whatever reason you want, usually without consequence
Right not to be fired without cause -3 exceptions:
- Public policy exceptions (protects employees from being fired for refusal to commit crimes)
- Contractual actions (protects employees who they believe have contracts or implied contracts)
- Breach of good faith (employers are expected to hold a standard of fairness and good faith dealings)
What is substantive due process?
Right to fair treatment
Bill of rights and constitution
What is procedural due process?
Right to fair system of decision making
Includes an individual’s right to be adequately notified of charges or proceedings, and the opportunity to be heard at these proceedings to affect the judgment or result
