unit 1.4- managing people Flashcards
what staff as an asset to business mean
something a business has that is valuable
what do skills and abilities of staff mean
they are able to add value to a product, which can be done in a number of ways
why should businesses treat their staff as a valued asset and invest in them
will help to motivate staff and increase their productivity
how are employees a cost to a business
they get remuneration (payment) for the work they do
- recruitment
- training
- staff welfare (making sure they are secure)
what is a wage
is paid to a worker based on amount of work they have done
- often used for lower-skilled or mnual workers
how is the national minimum wage helpful
protects workers from being underpaid
- legal minimum that business must pay their employees per hour
- can lead to motivated staff which could increase productivity however can also lead to increasing costs for business as the rates usually increase each year
what is a salary
fixed amount that is usually paid monthly
- unusual to be paid extra for working harder or longer
- highly skilled workers
what is the difference between dismissal and redundancy
employee can be dismissed if they have breached their contract of employment, can be referred to being fired
redundancy occurs when the employees job role is no longer required, could be due to business reducing number of staff
why is it good to have flexible workforce
it is beneficial to a firm as it is easier to match the work done by employees to the needs of the business
what is multiskilled
can perform a variety of tasks
full or part time contracts
- full time= work at least 35 hours a week
- part time workers work fewer hours
- employing more part time workers can be beneficial as they have more staff to cover any absent workers
zero hour contracts
- firm employs worker but does not offer them guaranteed hours
- staff only work as and when they’re needed
- employers dont waste money paying for labour when it isn’t needed
- staff under no obligation to accept work so can be difficult to find enough staff in busy times
- employees may prefer it as they can work around other commitments
- little financial security
permanent or temporary contracts
- permanent has no end date, temporary does
- temporary could lead to long term
- good for employers if there is maternity leave or sickness so a temporary contract can be provided to cover this time
- permanent contracts more motivating for employees as they provide more financial security
shift work
- used when a job role needs filling for more hours in a day that can be completed by a single worker
- working day divided into shifts
- necessary for 24 hour service businesses
- irregular or night shifts can be hard for employees
home working
- employees can work from home some or all days of the week
- employees can save travel costs and can work around other commitments
- can be harder or more distracting
- employers may gain as it can free up work/office space
- difficult to monitor performance of staff
flexible hours
- workers complete a set number of daily/weekly/monthly hours at times that suit them
- usually core hours in the middle of the day that all workers need to be present for
- helps workers achieve a work life balance and improve employee motivation
- however can be hard for employers to organise meetings
outsourcing
- businesses can outsource some tasks to external businesses
- advantageous to employers as they dont have to invest money in training staff for tasks that may only need doing now and then
why is employer-employee relationship important
- it maximises cooperation and minimises potential for conflict
- benefits both employer and employee
- can increase motivation and productivity which can increase profits of a business
what is recruitment
finding and hiring someone for a job role that needs filling
what are the stages of recruitment
- identify a vacancy
- write job description and job specification
- advertise job
- process applications
- shortlist most suitable candidates
- assess most suitable candidates
- assess most suitable candidate
what does a job description include
- job title
- main roles
- responsibilities
- salary
what does a job specification include
- qualities and qualifications required
what is the difference between internal and external recruitment
internal is when the business recruits someone who already works for them and external recruitment is when it hires someone from outside the business
what are the ways in which a business can assess potential candidates
- interviews
- assessment days
- in-tray exercises
why do business hire new employees with correct attitudes
- means employees are more driven and may be motivated to learn new skills at a faster rate
- more likely to work in teams better