Human Resources Flashcards
Define human resource management
The management of the total relationship between an employer and an employee.
What are the advantages of outsourcing the HR function?
- Cost savings on recruitment and training
- Access to specialised expertise
- Improved compliance with regulations
- Increased efficiency and productivity
- Scalability and flexibility in HR functions
What are the disadvantages of outsourcing the HR function?
- Loss of control over HR function
- Potential confidentiality risks
- Cultural misalignment with organisational values
- Communication challenges with outsourced providers
- Dependancy on external vendors
Define contractor
An external provider of services to a business. It may be an individual or a business.
What are the advantages of domestic contractors?
- Allows firms to focus their resources on essential business activities, leaving some of the detailed support or compliance related activities to experts.
- Fresh ideas and perspectives such as leadership development.
What are the types of global contractors?
Process outsourcing
Project outsourcing
What is process outsourcing?
Outsourcing of repetitive, easily measured and documented work.
What are some examples of process outsourcing?
Recruitment, Payroll, customer complaints
What are some examples of project outsourcing?
HR, research, IT
What are the advantages of global contracting?
- Reduce costs
- First step towards operating in a new market
- Expand capacity/flexibility
- Access new networks
- Access experts
What are disadvantages of global contracting?
- Difficult to control the quality and reliability of the service
- Cultural differences
- Security issues
- Lack of remedies for breach of contract or other legal matters under foreign legal systems.
- High labour turnover (call centres)
- Decline in quality (replacing high quality staff)
Define stakeholders
Any individual or group that has a common interest in or is affected by the actions of an organisation.
What are the stakeholders that influence HR?
Employers
Employees
Employer associations
Unions
Government organisations
Society
What are employer associations?
An organisation that represents and assists employer groups. They are usually respondents to the awards covering the employees of their members, and covering employers in the same or related industry.
Define unions
An organisation formed by employees in an industry, trade or occupation to represent them in efforts to improve wages and working conditions of their members.