Human resources Flashcards
What are the 4 stages of employment cycle
Acquisition
Development
Maintenance
Separation
What is the acquisition stage
Attracting and recruiting the right staff for roles in the business
Planning - identifying staffing needs/job design
Recruitment - internal/external
Selection - choosing and hiring the most qualified people
What is the development stage
process of improving employees skills and abilities to take on more responsibilities and become more experienced
Induction/training - to become more efficient and effective
What are the types of training (development stage)
On the job training
Off the job training
Action learning - solving real workplace problems
Competency based training
Corporate universities
Online training
What is the maintenance stage
Encouraging employees to stay in the business through Monetary or non monetary benefits
What are the benefits of training for employers/employees
Higher productivity
more capable workforce
Opportunity for promotion and improvement
improved job satisfaction
Example of monetary rewards
Bonus
Pay increases
Overtime allowances
Example of non monetary rewards
Recognition
Advancement/promotion
Performance feedback
What is the separation stage
Employees leaving the business either voluntarily or involuntarily
Voluntary and involuntary termination examples
Retirement
Resignation
Redundancy
Dismissal
Redundancy
3 examples of National Employment Standards
Maximum weekly hours of work
Long service leave
Casual conversion
Relevant law which NES is governed
Fair Work Act 2009 (Cwlth)
