Managing people 1.4 Flashcards
What is the difference between staff as a cost and staff as an asset?
Cost = treating employees as a resource of the business and finding skills a business needs and then finding employees to meet this Asset = treating employees as the most important resource to a business and a source of competitive advantage
What are some key features of a cost?
- Little communication, taller organisational structure and little delegation
What are some key features of an asset?
- competitive pay, empowered and encouraged using delegation and flatter organisational structures
Benefit and drawback of a cost
Cost effective and quicker decision making but increased absenteeism
Benefit and drawback of an asset?
Motivates employees and increases productivity but more expensive
What is flexible working?
There are a variety of options offered to employees such as location, hours, pattern of working
Benefits of flexible working?
- Saving costs when working from home for example, increased motivation, meeting needs
Drawbacks of flexible working?
Increased administrative costs involved in running a flexible business.
What is multiskilling?
staff carry out many tasks instead of one which increases job rotation.
What is outsourcing?
delegating a task or business process to an external provider who them manages and completes the tasks in that sector
What is a individual approach?
When employees negotiate contracts etc directly to the employer
What is collective bargaining?
This is when contracts etc are represented through trade unions who are able to fight the workers case
When may a vacancy become available?
- Skills gap, someone leaving and growth of the business
What is the main differences between a job description and a job specification?
A job description is when a business lays out what the job role will involve the individual doing and a specification is the qualifications and requirements that an employee must have.
Advantages of internal recruitment…
- They already understand business operations, policies and practises
- Already known in the business
- May be cheaper for the recruiter
Advantages of external recruitment?
- They can bring in new skills
- new innovation
- Large businesses may see no worry with paying more for someone externally