Human Resources Flashcards
What is human resource planning?
Human resource planning is the process of which the human resource department ensures the right amount of people have the right skills in order to meet company goals/targets.
What is a core worker?
Employees who are essential to a business and usually work full-time e.g managers or key staff.
What is a peripheral worker?
Employees who are not essential and often work part-time, temporarily or on short term contracts. e.g seasonal workers, agency staff or freelancers.
What are sub-contracts?
Subcontracts are agreements where a company hires another business or individual to complete specific work or tasks. The subcontractor is not an employee but is responsible for delivering the agreed service or product.
What is labour turnover?
Labour turnover is the rate at which employees leave a business during a period of time.
What is the formula for labour turnover?
(Number of employees who left ÷ Average number of employees)× 100
What is a skills shortage?
A skills shortage in a company is when there aren’t enough employees with the required skills to meet the company’s needs.
What may cause workplace stress?
Poor management
Conflicts
High workload/Long hours
Changes in the workplace
Tight deadlines
What is absenteeism?
Absenteeism is when employees regularly miss work without a good reason.
What is the formula for absenteeism?
(Total days absent ÷ Total available working days) × 100
What are the advantages of full time contracts?
Provides job security
Employees often receive full benefits (e.g. health insurance, paid leave).
Stronger commitment and loyalty from employees.
Easier to build a consistent team
What are the disadvantages of full time contracts?
Higher costs for the company (salary, benefits).
Less flexibility for both employer and employee.
Can lead to burnout if work-life balance is not managed well.
Less opportunity for part-time workers or freelancers.
What are the advantages of part time contracts?
More flexibility for employees to balance personal life.
Lower costs for the company (salary, benefits).
Allows the company to hire for specific tasks or peak times. (winter, summer)
What are the disadvantages of full time contracts?
Less job security for employees.
Limited access to benefits for part time workers.
May result in a less committed workforce.
What are zero hour contracts?
Employees who are not guaranteed any set number of hours and only work when needed. There is no obligation for the employer to offer work.