HUMAN RESOURCES Flashcards
Define human resource management
The management of the total relationship between employees and employers
Define employer
one who exercises control over employees, has responsibility for the payment of wages and/or salaries and has the power to dismiss employees
Define employee
a worker under the control of an employer. This control includes the workplace location, the way that the work is to be performed and the extent to which supervision will be exercised.
Strategic role of HR management
maximising profitability through developing and retaining talented staff, increasing employee morale and productivity, and debating ethics and CSR of employees,
Outsourcing
contracting out business functions involving the use of third-party specialist businesses
global outsourcing (adv and disadv)
Advantages:
Expand capacity/flexibility, improve quality, save costs, access new networks, conserve capital, allows business to focus resources on main activities, help in managing complex issues, transform culture, improve legal compliance, train staff, access experts, by practice management systems and research
Disadvantages:
Less integrated organisation, quality may fall, 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, loss of security and confidentiality of information
stakeholders
employees, employers, trade unions, employer associations, governments and government organisations, society