Human Resource Management Flashcards
Corporate Objectives
Maximise Profit / Survival / Growth
Each area of a business will then set their own targets to work towards the Corporate Objective.
Functional Objective
Goals for each department contributing to Corporate Objectives.
Each part working towards the same long-term goals
Objectives co-operate not contradicting
Marketing Objectives
Increasing Differentiation / Growth / Innovation
Maintain / increase Market Share
Target a new segment of an existing or new market
Develop new products from Market Research
Factors affecting Marketing Objectives
Business’s financial position
Competitors Actions
- Are competitors doing the same
Human Resources
- Workforce have skills for the innovation
Human Resource Objectives
Maximise contribution of employees to achieve objectives.
Match the workforce to the business’s needs
Maintain positive employer/employee relations
Ensure employees are employed cost-effectively
Hard HR
Hard HR is where employers see workers as people who are there just to get the job done. This type of management is where workers are directed and controlled by managers (Taylor’s Scientific Theory)
Features of Hard HR
A large amount of External Recruitment
An Appraisal System which financially rewards employees
Limited delegation and power to make decisions
A tall organisational structure
Ad/Disad of Hard HR
Managers control decisions mistakes ↓ made by employees
A reward system exists which relates to output
A lack of empowerment may demotivate workers
Little care and attention is placed on employees
Soft HR
Workers are important and add a great deal of value to a business.
Features of Soft HR
Training and Development Opportunities
A large amount of Internal Promotion
Consultation and Empowerment
A flat, organisational structure
Ad/Disad of Soft HR
Businesses build employees skills and experiences
Reduced labour turnover, empowered, valued, respected
Managers may not like delegating power/losing control
Employees may need training to do delegated jobs
Workforce Plan
Developed to try and make sure that a business has the right number of employees in order to meet its objectives.
Ad/Disad of Workforce Plan
Comms ↑ Workforce Plans involve all areas of the business
Plans ↓ Labour Turnover/Absenteeism ↑ Productivity
If in plan training expensive, employees are poached
Costs of recruitment/selection, redundancy ↓ profit
Matrix Structures
This structure tends to be project-based. Workers are brought together from different business departments to work on specific projects
Informal Structures
This is where there is no obvious organisational approach