Human Resources Flashcards
Define
Human Resource Management
Human resource management refers to the management of the total relationship between an employer and employee.
List
Strategic approaches businesses use to manage employees
Roles of Human Resources → Strategic Role of Human Resources
- Utilising effective workforces to add value to all areas of their business performance.
- Focusing on vital human resource strategies to retain, reward and motivate effective and skilled employees to achieve the business’s objectives.
List
Strategic challenges that businesses may face for human resource management
DLATEO
Roles of Human Resources → Strategic Role of Human Resources
- Developing and retaining talented staff
- Improving leadership development
- Managing an ageing workforce
- The increased role of technology
- Ethics and corporate social responsibility
- Increased outsourcing of employment
Define
Outsourcing
Roles of Human Resources → Outsourcing
Outsourcing involves the use of a third party specialist business, for example, recruitment agencies.
List
Reasons for Outsourcing
RFQS
Roles of Human Resources → Outsourcing
- Reduce costs
- Focus on core
- Improve quality
- Increase speed to market
Define
Contractor
Roles of Human Resources → Outsourcing → Using Contractors
A contractor is an external provider of services to a business. It may be an individual or a business.
List
Forms of Outsourcing
LDIO
Roles of Human Resources → Outsourcing → Using Contractors
- Labour hire/employment agency
- Labour hire/employment agencies/dependent contractors
- Independent contractors
- Outsourced suppliers
Define
Domestic Subcontracting
Roles of Human Resources → Outsourcing → Using Contractors
Domestic subcontracting involves outsourcing business functions to a third-party within the country that the main business is operating in.
Discuss
Domestic Subcontracting
A: H / D:RCuSCo
Roles of Human Resources → Outsourcing → Using Contractors
Advantages
* Higher expertise - improves the quality and productivity of the business
Disadvantages
* Risky
* Potential loss of customer contact
* Impact on sales
* Communication issues
Define
Global Subcontracting
Roles of Human Resources → Outsourcing → Using Contractors
Global subcontracting involves outsourcing business functions to a third-party outside of the country that the main business is operating in.
List and Define
Forms of Global Subcontracting
SJ
Roles of Human Resources → Outsourcing → Using Contractors
- Process outsourcing involves repetitive, easily measured work.
- Project outsourcing operates in a longer time frame that is difficult to measure and quality cannot be fully anticipated, thus carrying more risk.
Discuss
Global Subcontracting
A: FQCNFIL / D: LQCCHMFL
Roles of Human Resources → Outsourcing → Using Contractors
Advantages
* Expand capacity/flexibility
* Improve quality
* Save costs
* Access new networks
* Allows business to focus resources on main activities
* Help in managing complex issues
* Transform culture
* Improve legal compliance
Disadvantages
* Less integrated organisation
* Quality may decline
* Consultants may not understand your culture
* Costs may increase
* Hidden costs
* Morale and motivation may be damaged
* Less face-to-face client contact
* Reduce business learning through reliance on experts
Define
Stakeholders
Influences of Human Resources → Stakeholders
Stakeholders are any individual or group that has a common interest in or is affected by the actions of an organisation.
Define
Employer
Influences of Human Resources → Stakeholders
An employer exercises control over employees, has responsibility for payment of wages or salaries, and holds the power to dismiss employees.
Describe
Employers as Stakeholders in Human Resources
WaWcN
Influences of Human Resources → Stakeholders
- Provides flexibility, choices and productivity in working arrangements.
- Primarily responsible for deciding wages and conditions of employment.
- Employers responsibilities are increasing as legislation today encourages them to negotiate agreements and resolve disputes.