unit 2 Flashcards
Labour turnover
Measures the rate at which employees are leaving an organisation
Labour turnover formula
(#employees leaving in 1 year / av. #employed) X 100
Hard HRM
An approach to managgin staff that focusses pn cutting costs. Employees are treated like materials
Soft HRM
An approach to managing staff that focuses on developing staff so that they reach self-fulfillment and are motivated to work hard and stay within the business.
*Maslow, Mayo, Herzberg
Outsourcing
Using an organisation to carry out some business functions
Teleworking
Staff working from home nit keeping contact wityh the office by means of modern iT communications
Labour productivity
The output per worker in a given time period
Labour productivity Formula
Total output in time period/ total workers employed
Absenteeism
Measures the rate of workforce absence as a proportion of the employee total
Absenteesim formula
(# employees absent/ # of employees ) x 100
Workforce planning
Analysing and forecasting the numbers of workers and the skills of those workers that will be required by the organisation to achieve its objectives.
Workforce audit
A check on the skills and qualifications of all existing workers/ managers
Trade union
Organisation of working people with the objective of improving the pay and working conditions f their members and providing them with support and legal services
Coolective bargaining Term of employùmnet single-union agreement no strike agreement industrial action
Organisational structure
The internal, formal framework of a business that shows the way in whivh management is organised nand linked together and how authority is passed through the organisation