Human resource managemet - BM3CHAP2 Flashcards
Human resource management
maintenance of the formal relationship between employees and their employer.
A Human Resource Manager is the coordinator of the:
Recruiting
Developing
Holding on to; and
Termination of
a business’ employees.
hrresponsible for
maintaining employee motivation and getting the most out of its staff’s talents
HR Management and Business Objectives
motivating emp to reach their potential will get the most out of them - increased productivity
Increased productivity
when more goods and services can be produced without having to increase the amount of paid hours worked by employees
masow hierarchy of needs
- believed all indiv exist in hierarchy of 5 needs
- each need acts as a motivator while it goes unsatisfied
-needs at 1 level must be satisfied before moving on
why is maslow important:
bc its suggested that bus have to create workplaces that r trying to satisfy all needs, its not enough to just motivate through pay rises or job security
hirarchy (low to high)
- physiological:need for air food water health - satisfactory pay for survival
2.safety: need for safety shelter stability - safe work conditions n job secuirity
3.social:need for love belonging inclusion - teamwork, involvment in decision making, spportive management
4.esteem:self esteem,power,control - responsibility, promotion,recognition
- self actualisation: need for development,creativity growth - creative interesting jobs, opportunities for advancement
adv and dis of hierarchy
adv: allows managment to develop understanding of all specific indiv needs
dis: its only a theory, not backed up by evidence, may not apply to all indiv
Goal setting theory (locke and latham)
-states that emp r motivated by working towards clear goals, recieving apprpriate feedbacck, bing recognised for efforts
princples of goal setting:
clarity: goals should be specfic,measurable,have due date
challenge: tasks should be highly valued by management n challenging enough to extend the employees
commitment: empl will be more committed to achieving goal if they have some say in what the goal is
feedback: encourages to keep up their effort, time to make any changes they might need to
task complexity: tackling multiple complex tasks - challenging not overwhelming
adv and dis of goals etting
adv; staff will perform at higher standard due to clear and specific goals - increased productivity
dis: setting vague goals can lead to poor performance as they r not challenging enough
4 drive theory (lawrence and nohria)
- provided an interpretation of human behaviour that shapes the way we think and behave
drive to…
acquire: material things like money and immaterial things like achievement, recognition
bond: empl desire to feel they belong
learn: empl r curious and want to learn and be challenged mentally, r looking for new experiences
defend: empl want trust in their management, n do not want any insecurities in the workplace
dis and adv of 4 drive
adv: adaptable to complicated situations
dis: otherdrives may exist, these those explain all chactersitics of motiv
motivation strategies -performance related pay
financial reward to empl whos work has reached a goal
performance relared pay includes
Pay Increases - a rise in the hourly wage or weekly salary
Bonuses - a one-off payment
Commission - an amount paid per sale made
Share Plan - a registered business can offer shares in itself
Profit Sharing - offering a percentage of its profits
Gainsharing - if an employee’s suggestions help save on costs, they can receive some of the savings
adv and dis of performance related pay
adv:provides financial reward to emp directly related to improved performances
dis: may not be affordable
motivation strat - Career advancement:
when an employee is promoted more responsibility, usually with added benefits such as increased salary
adv and dis of career advancement
adv: promoted emp will feel that they can contributemroe to the bus, increasing productivity
dis:can cause resentment among other emp who feel like they deserve it more
motivational strat - Investment in training is
the investment of both money and time in upskilling employees.
benefits
- more skilled emp is, more productive n efficient their work will be,helping reach obj
- more qualified they will become
dis and adv of training
adv: increases confidence
dis: cost of training may not be affordable
motivation strat-support strat
any services provided by the business to help employees cope with difficulties that may impede their work performance. E.g. counselling and mentoring
Benefits of support start
- Motivates employees to do better, and try harder
- Increases loyalty to the business, resulting in less employee turnover
adv and dis of support strat
adv: forms of motivation such as encouragement can be provided with little to no costs
dis: may become to depended on support services
motivation strat - sanctions
forms of penalties or disciplines imposed on an employee for poor performance.