Human Resource Management Strategy Flashcards
Human Resource Management strategy
a long term plan for the management of an organisation’s human resources
hard HRM
an approach to managing employees that focuses on cutting costs
soft HRM
an approach to managing employees that focuses on their development so that they reach self - fulfilment and are motivated to work hard and stay with the business
full time employment contract
an employment contract that is for a complete working week
permanent employment contract
a contract that employs a worker unless they are dismissed, made redundant or decide to leave the organisation
temporary contract
the contract is only offered for a fixed period of time, such as 6 months. The contract can be renewed, but the employer does not have to do this
part - time contract
workers only contracted to work for a certain number of hours each week ( less than the full - time working week)
zero - hour contract
an employment contract that does not guarantee a minimum number of hours per week, but the worker is expected to be available for work when called by an employer
gig contract
an employment mix in which temporary, flexible jobs are common and workers are hired as independent contractors or freelance employees (also called contract labour)
flexible employment contract
a contract that allows employees more control over their work - life balance, including options to work from home, flexible start and finish times, to work part - time or to job share
flexitime arrangement
a flexible way of working that allows employees to fit their working hours around their individual needs, and to accommodate other commitments outside of work
home working
when an employee works from home, often for a specific number of days per week, but keeps contact with the office by means of modern IT communications
annualised hours contract
a contract offering a specific number of hours of work over the whole year, but with some flexibility about when those hours are worked
job sharing
a work schedule in which two employees voluntarily share the responsibilities of one full time job. They receive a salary and benefits on a pro - rata basis
compressed working hours
the number of hours per week of a full time job, but worked in a fewer days
shift work
work that takes place on a schedule outside the traditional 9am to 5pm day. It can involve evening and night shifts, early morning shifts and rotating shifts
absenteeism
a measure of the rate of workforce absence as a portion of the employees total
management by objectives
establishing a management information system to compare actual performance and achievements against pre - set objectives for each department or employee