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
