Labour Management Flashcards
Labour management
It is about planning
Importance of Labour Management
1Boosts Productivity: Better management leads to more efficient and higher-quality work2Increases Employee Engagement: Good practices make employees happier and more motivated3Informs Decisions: Provides insights into workforce trends and performance for better decision-making4Ensures Legal Compliance: Helps follow labour laws and reduce legal risks5Gains Competitive Edge: Attracts and retains top talent
Best Practices in Labour Management
1Align with Goals: Make sure your labour strategies support your organization’s overall objectives2Open Communication: Encourage transparent communication and engage employees in decision-making3Training & Development: Invest in continuous learning and skill development for your employees4Performance Reviews: Conduct regular evaluations and provide constructive feedback5Fair Compensation: Offer competitive salaries and benefits to attract and retain talent6Diversity & Inclusion: Promote a diverse and inclusive workplace7Stay Legal: Keep up-to-date with labour laws and regulations to ensure compliance
Future Trends in Labour Management
1Digital Transformation: Embrace automation and digital tools2Remote Work: Adapt to the rise of virtual teams and remote working environments3Diversity Initiatives: Continue to focus on diversity
Challenges in Labour Management
1Talent Attraction: Finding and keeping top talent2Diversity Management: Effectively managing a diverse workforce3Regulatory Changes: Adapting to new labour laws and regulations4Skills Gaps: Addressing the need for new skills and training5Workplace Stress: Managing stress and ensuring employee well-being
Labour Management Functions
1Recruitment and Selection
◌Tasks: Job analysis
2Training and Development
◌Tasks: Assessing needs
3Performance Management
◌Tasks: Setting goals
4Employee Relations
◌Tasks: Communication
5Compensation and Benefits
◌Tasks: Developing pay structures
Organizational Structures
In labour management
Types of Entrepreneurial Structures
1Agile Organization: Focuses on flexibility and quick adaptation to change2Flat Organization: Reduces management layers for direct communication and decision-making3Holacracy: Shares authority and decision-making among teams4Self-Organizing Teams: Employees manage their own work processes5Virtual Organization: Uses technology for remote and flexible work
Benefits of Entrepreneurial Structures 1More innovation and creativity2Higher employee engagement and motivation3Better adaptability to market changes4Faster decision-making5Improved alignment with organizational goals
Challenges1Requires a cultural shift and new mindset2Difficult to scale and maintain3Demands strong leadership and communication4Can cause role confusion5Continuous learning and development are essential