Managing People Flashcards
What does it mean if staff are an asset?
The staff are developed and seen as a benefit to the business
-Staff will receive training
-Staff are more involved in decision making
What does it mean if staff are a cost?
The staff are seen as a cost rather than adding value to the business
What is multiskilling?
Having a workforce who can be moved around from one job to another
What is part time work?
Working less than 35 hours per week
What is temporary work?
Employees are employed for a fixed amount of time e.g six months
What is flexible work?
Employers allow flexibility in the hours that workers must be at the business or allowing work to be done at home
What is home working?
When people work from home or from other premises that is not their workplace
What is a zero hour contract?
Employees are given no set guaranteed hours
What is outsourcing?
Paying a specialist business to carry out a specific task for the business
What is redundancy?
A reduction in the size of the workforce due to mergers or closures of a business due to new technology or relocation
-Voluntary = staff close to retirement take voluntary redundancy to get a pay out
-Compulsory = where a member of staff must leave their job
What is dismissal?
An employee being fired
e.g for gross misconduct, long term illness
What is the difference between dismissal and redundancy?
People who are dismissed will receive no compensation, no reference, no help with finding a new job
What is individual bargaining?
The worker and manager sit face to face and discuss the terms and conditions of the workers contract
What are the advantages and disadvantages of individual bargaining?
-There is no compromise because only the views of one worker are being discussed
However:
-The manager might not take any action following the discussion because it is only one worker
What is collective bargaining?
Involves a representative of all the workers meeting with the manger to discuss the terms and conditions of their employees
What are the advantages and disadvantages of collective bargaining?
-The representatives who speak for the workforce have greater power to get action
However:
-It can lead to strikes or industrial action
What are the stages of recruitment?
Job analysis, job description, person specification, advertise the job, shortlist applications, interviews, ask for references, make the job offer and send letters of regret
What are costs of recruitment?
-Advertisement costs
-Recruitment agent costs
-Reduces productivity when the new employee is introduced
-Loss of management time during the recruitment process
What is internal recruitment?
Workers already in the business can apply for a new position
-advertisements include: newsletters, noticeboards
What is external recruitment?
Workers outside of the business can apply for the position
-advertisements include: job centres, recruitment agencies
What are the advantages and disadvantages of internal recruitment?
-Candidates are loyal to the business
-Candidates already know the company culture
-Less expensive without advertising
However:
-Tension with those who aren’t selected
-Limits the number of applicants
-Brings no new ideas to the business
What are the advantages and disadvantages of external recruitment?
-Fresh ideas and enthusiasm are brought into the business
-Brings experience to the business
-Larger skills pool
However:
-More costly to recruit
-Longer process
-Training time will reduce productivity within the business
What is on the job training?
Coaching or mentoring while doing the job, assistance and advice is provided by those more experienced
What is off the job training?
Involves work at home or at courses allowing employees to learn through demonstrations, talks and lectures