Labour Management Flashcards
Labour management
It is about planning
Importance of Labour Management
Boosts Productivity: Better management leads to more efficient and higher-quality work
Increases Employee Engagement: Good practices make employees happier and more motivated
Informs Decisions: Provides insights into workforce trends and performance for better decision-making
Ensures Legal Compliance: Helps follow labour laws and reduce legal risks
Gains Competitive Edge: Attracts and retains top talent
Best Practices in Labour Management
Align with Goals : Make sure your labour strategies support your organization’s overall objectives.
Open Communication : Encourage transparent communication and engage employees in decision-making.
Training & Development : Invest in continuous learning and skill development for your employees.
Performance Reviews : Conduct regular evaluations and provide constructive feedback.
Fair Compensation : Offer competitive salaries and benefits to attract and retain talent.
Diversity & Inclusion : Promote a diverse and inclusive workplace Stay Legal : Keep up-to-date with labour laws and regulations to ensure compliance.
Future Trends in Labour Management
Digital Transformation: Embrace automation and digital tools
Remote Work: Adapt to the rise of virtual teams and remote working environments
Diversity Initiatives : Continue to focus on diversity, equity, and inclusion
Employee Well-being : Prioritize mental health and overall well-being.
Skills Training : Emphasize upskilling and reskilling to meet evolving job requirements.
Challenges in Labour Management
Talent Attraction: Finding and keeping top talent
Diversity Management: Effectively managing a diverse workforce
Regulatory Changes: Adapting to new labour laws and regulations
Skills Gaps: Addressing the need for new skills and training
Workplace Stress: Managing stress and ensuring employee well-being
Labour Management Functions
Requirement and selection
training and development
performance management
workplace relations
compensation and benefits
1Recruitment and Selection
◌ Tasks : Job analysis, advertising, interviewing, and legal considerations.
◌ Purpose : Find and hire the best candidates.
2Training and Development
◌Tasks : Assessing needs, training methods, evaluation, and career planning.
◌ Purpose : Improve employees’ skills and performance.
3Performance Management
◌Tasks: Setting goals, appraisals, feedback, and handling terminations.
◌ Purpose : Maintain and enhance employee performance.
Employee Relations
◌Tasks: Communication conflict resolution, engagement strategies, and legal compliance.
◌ Purpose : Build positive relationships and ensure legal adherence.
Compensation and Benefits
◌Tasks: Developing pay structures,job evaluations, and managing benefits.
◌ Purpose : Offer fair and competitive compensation to motivate and retain employees.
Organizational Structures
Entrepreneurial structure
bureaucracies structure
matrix structure
Types of Entrepreneurial Structures
Agile Organization: Focuses on flexibility and quick adaptation to change
Flat Organization: Reduces management layers for direct communication and decision-making
Holacracy: Shares authority and decision-making among teams
Self-Organizing Teams: Employees manage their own work processes
Virtual Organization: Uses technology for remote and flexible work
Benefits of Entrepreneurial Structures
More innovation and creativity
Higher employee engagement and motivation
Better adaptability to market changes
Faster decision-making
Improved alignment with organizational goals
Challenges
Requires a cultural shift and new mindset
Difficult to scale and maintain
Demands strong leadership and communication
Can cause role confusion
Continuous learning and development are essential