Unit 2: 2.1 Flashcards
What is human resource management?
the strategic approach to the effective management of an organisation’s workers so that they help the business gain a competitive advantage.
What is workforce planning? (human resource planning)
the process of analyzing and forecasting the number of workers and the skills of those workers that will be required by the organization to achieve its objectives.
What helps to assess ability to determine number of workers needed in workforce planning?
STEEPLE tool
What is the recruitment and hiring process?
- advertise
- description of the job
- check references
- offer the position
- create contract
- train new staff on company policy
- evaluate candidate (bad retake retrain reevalutae)
What is internal recruitment?
promotions
Advantages of internal recruitment
- familiar with environment
- motivate employees
- promote loyalty to the employee
Disadvantages of internal recruitment
- replace the position that was vacated
- costs = pay more salary
- nepotism (favortism)
What is external recruitment?
seeking new workers
Advantages of external recruitment
- talent pool is bigger
- new ideas and experiences
- industry insights
Disadvantages of external recruitment
- time consuming
- costs
- retention
What is labor turnover?
the rate at which employees leave and are replaced within a company.
What reduces labor turnover?
work patterns
What are the different types of work patterns?
- telework
- homework
-flexi-time
Advantages of telework for employees
- flexible
-more job opportunities - no relocation
Advantages of homework for employees
- flexible
- less cost to commute
- own pace
Advantages of flexi-work for employees
- flexible
- autonomy
- reduced stress
- avoid rush hour commute
Disadvantages of telework for employees
- rely on own technology
- long hours because always available
Disadvantages of homework for employees
- distractions
- decreased quality
- no time for home life
Disadvantages of flexi-time for employees
- coordination with colleagues
- communication problems
- stuck on same routine sometimes
- isolated from colleagues
Advantages of telework for employers
- open longer
- cost reduced (cost efficient)
Advantages of homework for employers
- open longer
Advantages of flexi-time for employers
- improved work area coverage
- increased work hours
Disadvantages of telework for employers
- no supervise of employees
- rely on technology
Disadvantages of homework for employers
- no supervise of employees
- set-up is high cost
Disadvantages of flexi-time for employers
- department coverage no sometimes
- customer service lacking
- cant satisfy all employees of their time off
What is gig economy?
a talent acquired for a specific period of time.
Advantages of gig economy
- extra money
- flexible
- autonomy
Disadvantages of gig economy
- no job security
- work load
- no regular income per month
