Human Resource Management (3.6) Flashcards
Human Resources are the…
The people of a business or organisation, regarded as a significant asset in terms of skills and abilities.
HR Management needs to make sure…
That the business has the right number of employees with the right skills, qualifications and qualities.
Human Resource tasks examples (4) :
- Employee safety.
- Recruitment and Training.
- Motivating employees.
- Managing employee relations.
Aim :
A specific goal a business has in mind. (Long term).
Objective :
Short-term step to help a business achieve its aim.
(Helps motivate people).
HR Management :
Department of a business or organisation that deals with the hiring, administration and training of staff.
7 HR Objectives :
- Labour Productivity.
- Employees engagement and involvement.
- Talent development.
- Training.
- Diversity.
- Alignment of values.
- Number, skills and location of employees.
(HR objectives) Labour Productivity :
- So they meet goals and objectives.
- Maximises efficiency.
- Lowers unit costs.
- Improves customer experience.
(HR objectives) Employee engagement and involvement :
- To ensure employees are motivated.
- More likely to stay with business (retention).
- Lower unit costs.
(HR objectives) Talent development :
- Improve skills.
- Lower unit costs since they’ll work harder.
- Staff retention rates.
- Makes employees feel valued.
(HR objectives) Training :
- So staff can work efficiently, increase customer satisfaction.
- Lower unit costs.
- Know what’s required of you.
(HR objectives) Diversity :
- So everyone feels comfortable.
- Gives new ideas and perspectives which will help the business grow.
(HR objectives) Alignment of values :
- Less conflict.
- So people understand the business and what it aims to do, all work towards it.
- e.g. ethics.
(HR objectives) Number, skills and location of employees :
- So everything runs smoothly, you’ll never be understaffed which could cause queues and upset customers.
- Don’t want too many staff.
(Internal influence on HR objectives) Corporate Culture :
- Alignment of values.
- Non-toxic environment.
- Employee relations reduced.
(Internal influences on HR objectives) Employee Relations :
- Diversity, everyone feels welcome and safe.
(Internal influences on HR objectives) Overall Performance of Business :
- If this is down, there will be less money to be spent on talent development.
(Internal influences on HR objectives) Financial Constraints :
- If they’re not much money, it might affect how many staff they can employee and what their wages are.
(Internal influences on HR objectives) Organisational Structure :
- Employee engagement and involvement will vary depending on whether it’s hierarchal/flat.
(External influences on HR objectives) Legislation/Political Factors :
- Will have to ensure they have a diverse workforce and don’t discriminate.
- Will have to ensure they’re treating staff and paying them fairly.
(External influences on HR objectives) Actions of Competitors :
- Increase training, will want highly trained staff as it’s a competitive advantage.
- Might have to lower product price to compete and therefore wages.
- Talent development.
(External influences on HR objectives) Structure of Population :
- If there’s lots of unemployment, won’t have to offer as many benefits to persuade people to work for them.
(External influences on HR objectives) Economic factors :
- If the economy’s struggling, they’ll have to lower prices and limit spending on things like talent development.
- Will affect how often/much they recruit.
(External influences on HR objectives) Social Factors :
- End of trends may mean decreasing the price of products.
- Some jobs may be less popular/wanted.