People In Organisations Flashcards
What is workforce planning?
Estimating future human resource requirements and ensuring the firm has the right number of people, in the right place with the right skills at the right time
What is human resources?
The function within businesses responsible for an organisations people. This function deals with workforce planning, recruitment, training and pay issues
What is one main reason for workforce planning 0?
Demographic and social change- the demand for products, services and workforce supply. Businesses can ,one money if planning wrongly
What are some benefits of workforce planning?4
Helping firms to tackle problems such as staff shortages and staffing costs.
Help to ensure the production of quality products
Save money by cutting costs associated with high vacancies and turnover
Redundancies reduced
What are 3 problems that managers might encounter when planning for the workforce of the future?
Actions of competition- them getting popular and taking workers
Government cut back on training places
Changing nature of the market so the business may not be wanted in the future
What is internal recruitment?
Finding someone already employed in the business to fill a vacancy
What are 4 advantages of internally recruiting?
You know them
They know the business
Convenient as you don’t need to go out and find them
Increase loyalty
What are 3 disadvantages of recruiting internally?
Friction from unsuccessful candidates
Leaves another gap to be filled
Small group of people to pick from
What is external recruitment?
Finding someone not employed in the business to fill a vacancy
What is a job description
An overview of what the job is about
What is a person specification
What the person should be like
What are the 12 stages of recruitment
Job arises Internal or external Job description Person specification Adverts drawn and placed in places Application forms issued Shortlisting Interviews Psychometric testing Assessment day Selection takes place and someone is appointed Induction phase
What are psychometric testing
Online questions about English, maths and personality traits
What is an appraisal
Regular meetings with their direct line manager every six months in which the staff members performance is analysed usually against performance targets
What are 3 benefits of appraisals
Motivate staff- told they’re doing a good job
Targets can be set to meet the objectives of the business
Can link to bonuses and rewards
What are 3 disadvantages to appraisals?
They take a long time
Competition between employees
Pressure to meet targets so increase stress
What are 3 financial methods of motivating the workforce?
Bonus
Discounts
Company car
What are 3 non financial methods of motivating the workforce?
Awards
Holidays
Appraisals
Why would you motivate people?
More productive
So workers don’t leave
Workers give the firm a good reputation
What is price rate pay?
Workers are paid for every product made
What is an advantage and a disadvantage of piece rate pay?
Products made quicker
Products may lack quality
What are wages?
Wages are paid hourly to workers
What is an advantage and a disadvantage of wages
Security that you will get paid
Level of wage may be low
What are salaries
Salaries are paid at a annual rate
What is an advantage and a disadvantage of salaries
Good financial sense for a business
Business may not be liable to pay for extra work
What is profit related pay
Pay employees based on profits of the company
What are bonus schemes
Schemes suitable for different employees
What is an advantage and a disadvantage of bonus schemes
Employees will get more money
Not set amount of how much money you’d get
What are fringe benefits
Other forms of financial motivation
What is an advantage and a disadvantage of fringe benefits
Employees get extras
Costs the business more
What is leadership
The act I’d establishing direction and purpose of a topic, setting a target and working towards it with your team