UNIT 2: 2.1 Intro to HR management Flashcards
What is human resource management? (HRM)
the strategic approach to the effective MANAGEMNT OF AN ORGANISATION’s WORKERS so that they the business achieve its objectives
What is the role of HRM?
HRM aims to recruit capable, flexible and committed people and is crucial to the long-term performance and success of businesses
List some of the functions of HRM
- Talent management
- Training and development of employees
- Reward and performance management
- Employee welfare
- Human resource compliance (e.g. minimum wage law and health and safety work laws)
What is human resource planning?
Analysing and FORECASTING THE NUMBER OF WORKERS and the skills of those workers that will be required by the organisation to achieve its objectives
External factors influencing human resource planning (explain their impact)
- Demographic change, natural population growth or decline, ageing population, net migration
CON: could cause shortage in labor market, decline in job applicants
- Change in labor mobility, extent to which workers are willing and able to move to different jobs requiring different skills
PRO: helps a country achieve economic efficiency/mobile workforce, if jobs are lost in one industry.region workers are willing and able to move to other jobs
Internal factors influencing human resource planning (explain their impact)
- flexi-time, flexible way of working e.g. working from home/adjusting start and finishing times
CON: impacts workforce plan as there must always be sufficient employees available at key times of the day
- Gig economy, short-term contracts or freelance work labor market rather than jobs with permanent contracts
PRO: use of freelance contractors can reduce overall labor costs
CON: difficult to recruit gig workers if needed when demand for services is high
What are some reasons for resistance to change in the workplace
-Fear of the unknown
-Fear of failure
-Self-interest, loosing something of value
- Misinformation, false beliefs about the need for change
-Low tolerance, lack of trust
-Inertia, many people suffer from inertia (tendency to maintain status quo)
Human resource strategies for reducing the impact of change and resistance to change
- Involve workers in the plan for change and its implementation, encourages them to accept change and develop a sense of ‘ownership’ of it
- Communicate, employees may build resistance if not kept up to date with the pace and scope of change
- Check on how individuals are coping and remember to support them during the change period