Investing In People Flashcards
What is succession planning?
Ensuring the organisation has the correct staff to enable it to perform effectively.
Analysing the current employment needs of the organisation.
Forecasting the future demand for employees.
Forecasting the future supply of employees.
Predicting labour turnover.
What are the advantages of succession planning (people investment planning)?
The business can put in place strategies and courses of action to meet these needs, e.g. training.
The business can examine the current employee needs of the organisation.
This information will provide the human resource department at the business with a clear picture of the current employees situation within the organisation.
Identifies skills shortages.
Identifies training needs.
Customer care should be maximised.
What are the disadvantages of succession planning (people investment planning)?
Doesn’t take into consideration the behaviour of employees. It simply seeks to predict the numbers of staff that may be needed in the future.
Changes in external environment can make it difficult to predict future human resource requirements.
The HRM need to be careful that future plans don’t de-motivate staff or cause industrial relations difficulty.
What is the formula for predicting labour turnover?
Number of staff leaving per period / average number of staff in post during the period x100
What is the objective of recruitment?
To ensure that the best candidates are chosen and retained for a job.
What is a job analysis?
A job analysis will allow them to identify the skills, training and tasks performed in this role.
What is a job description?
Involves putting together a detailed description of the tasks, responsibilities and working conditions of the post available.
What is a person specification?
The personal characteristics of the employee. It sets out the desired qualities the ideal candidate should possess.
What is internal recruitment?
Promoting from within the business.
What are the advantages of internal recruitment?
It is cheaper and quicker.
Motivates existing staff.
Know the culture and policies of the business.
No need for induction training.
What are the disadvantages of internal recruitment?
No new blood and new ideas.
Can cause resentment.
De motivation. The person who doesn’t get it is demotivated.
Ignores outside candidates who may be more suitable.
What are the advantages of external recruitment?
Larger pool of candidates.
Higher calibrate of candidates.
Brings in new ideas and thinking.
What are the disadvantages of external recruitment?
Slower and most costly than internal.
Some people can sell themselves in an interview but not great in practise.
Takes time for a new candidate to settle in.
Existing employees may see this as no oppurtunities for internal promotion.
What are all the methods of external recruitment?
Media advertising. Private employment agencies. Department for employment and learning. Headhunting. Milk round.
What are psychometric testing?
They measure the characteristics and attitudes that an individual might have in relation to working with the general public.