Unit 2.1: Introduction to HRM Flashcards

Introduction to HRM

1
Q

Ageing population

A

A higher average age of the population.

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2
Q

Demography

A

The statistical study of population trends, such as birth rates, death rates, age distribution, and net migration rates.

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3
Q

Dismissal

A

The employer’s decision to terminate a worker’s employment contract, usually due to the worker’s incompetence and/or a breach of their employment contract.

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4
Q

External factors

A

The issues or factors that are beyond the control of the organization, e.g., national minimum wage legislation.

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5
Q

Flexitime

A

A system that enables workers to have a degree of autonomy to determine when they work, so long as they complete their work by set deadlines.

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6
Q

Geographical mobility

A

The ability and willingness of employees to relocate to another location or country for work reasons.

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7
Q

Gig economy

A

Labour markets in which people are on short-term, impromptu, temporary contracts. This includes freelance worker and independent contractors.

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8
Q

Homeworking

A

Also referred to as work from home (WFH), this is an aspect of flexitime that involves people using their homes to conduct their jobs.

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9
Q

Human resource management

A

HRM is a broad term used to describe the overall management of an organization’s workforce, e.g. attracting, selecting, training, assessing, rewarding and retaining workers.

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10
Q

Human resource planning

A

Also known as workforce planning, this is the management process of anticipating the organization’s current and future human resource needs.

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11
Q

Internal factors

A

The issues or features that are within the control of the organization, e.g., staff remuneration and approaches to training.

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12
Q

Labour mobility

A

Measures the extent to which workers have the ability and willingness to move between geographical locations and/or occupations for their employment.

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13
Q

Migrant workers

A

People who move to other countries in search of better job opportunities.

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14
Q

Net migration

A

This measures the difference between the number of people from abroad who enter a country (immigration) and the
number of people who leave (emigration), usually for employment purposes.

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15
Q

Occupational mobility

A

The ability and willingness of employees to do another job or pursue a different career.

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16
Q

Portfolio workers

A

People who carry out several different jobs, often for different contractors, at the same time and usually on a temporary basis.

17
Q

Redundancy

A

Occurs when an organization no longer has a job for the employee or when the employer can no longer afford to hire the employee, i.e., the job ceases to exist.

18
Q

Teleworking

A

Flexible working practice that involves employees being away from the office as they rely on the use of telecommunications technologies, e.g. Internet and mobile technologies.

19
Q

Training

A

This is the provision of work-related education, either on-the-job or off-the-job, such as instructing and teaching (or mentoring) employees how to perform certain tasks in their job.

20
Q

Workforce

A

The total number of employees in a business organization at any particular point in time.

21
Q

Workforce planning

A

Also known as human resource planning, this refers to the ongoing process through which the current and future human resource needs of a business are identified and anticipated.