Unit 3 AOS 2: Managing Employees (B) Flashcards
1
Q
What is training?
A
- Process of increasing knowledge and skills of an employee to help them perform more effectively and efficiently in their role
2
Q
What is on the job training?
A
- Training conducted in a normal workplace environment
- Often while performing their actual job
3
Q
Examples of on the job training?
A
- Coaching (being taught by an existing employee how to perform the job)
- Mentoring (watching an existing employee perform their job and learning from their experience)
- Job rotation (completing a number of jobs in a field of the business)
- Job shadowing (following an experienced worker for a few days to see watching what they do and how)
4
Q
Advantages of on the job training
A
- More cost effective
- Learning knowledge directly related to the job
- Producing goods/services which adds to the business’ productivity
5
Q
Disadvantages of on the job training
A
- Quality of trainer can vary (may not be very experienced)
- Poor habits can be passed on
- If an employee has to train someone their job may not be getting done
6
Q
What is off the job training?
A
- Training conducted in a place away from the workplace
e. g. - Conferences
- Lectures
- Simulations
7
Q
Advantages of off the job training?
A
- Learns from specialists with vast experience
- Less likely to be distracted by colleagues
- Develop broader social networks
8
Q
Disadvantages of off the job training?
A
- More expensive form of training
- Lost working time as employee is away from work
- May not be able to integrate skills
9
Q
What are business objectives?
A
- Increase market share
- Make a profit
- Fulfil a market need
- Meet shareholder expectations
10
Q
What are employee objectives?
A
- Make an income
- Career advancement
- Develop skills
- Job security
11
Q
What is performance management?
A
- Process used to evaluate and improve individual and business performance
- Individual objectives should be aligned with business objectives
12
Q
What is management by objectives?
A
- Program where manager and employee collaboratively set clear objectives
- Objectives are set for employee’s and are aligned with business objectives
- Employee is evaluated against the set objectives and given feedback on their performance
13
Q
What is a performance appraisal?
A
- Measures employee performance, provides feedback and develops new objectives for employee
14
Q
What is self evaluation?
A
- Where an employee assesses their own performance
- Allows employee and manager to discuss performance
- Can highlight needs for training
15
Q
What is employee observation?
A
- Where an employee’s performance is evaluated by watching them in action
- Should be performed regularly
16
Q
What is termination?
A
- Ending of an employment contract where the employee stops working at the business
- During terminations it’s important employee is treated fairly and lawfully
- Can be voluntary and involuntary
17
Q
What is retirement?
A
- Employee decides to leave the workforce
18
Q
What are retirement entitlements?
A
- Entitled to 9.5% minimum superannuation
- Access superannuation when at retirement age
19
Q
What are transition issues of retirement?
A
- Counselling
- Lifestyle counselling
- Investment advice
20
Q
What is resignation?
A
- Employee voluntarily leaves the business (exit interview)
May be due to, - Change of career
- Better job offer