Unit 3 AOS 2: Managing Employees (B) Flashcards
What is training?
- Process of increasing knowledge and skills of an employee to help them perform more effectively and efficiently in their role
What is on the job training?
- Training conducted in a normal workplace environment
- Often while performing their actual job
Examples of on the job training?
- 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)
Advantages of on the job training
- More cost effective
- Learning knowledge directly related to the job
- Producing goods/services which adds to the business’ productivity
Disadvantages of on the job training
- 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
What is off the job training?
- Training conducted in a place away from the workplace
e. g. - Conferences
- Lectures
- Simulations
Advantages of off the job training?
- Learns from specialists with vast experience
- Less likely to be distracted by colleagues
- Develop broader social networks
Disadvantages of off the job training?
- More expensive form of training
- Lost working time as employee is away from work
- May not be able to integrate skills
What are business objectives?
- Increase market share
- Make a profit
- Fulfil a market need
- Meet shareholder expectations
What are employee objectives?
- Make an income
- Career advancement
- Develop skills
- Job security
What is performance management?
- Process used to evaluate and improve individual and business performance
- Individual objectives should be aligned with business objectives
What is management by objectives?
- 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
What is a performance appraisal?
- Measures employee performance, provides feedback and develops new objectives for employee
What is self evaluation?
- Where an employee assesses their own performance
- Allows employee and manager to discuss performance
- Can highlight needs for training
What is employee observation?
- Where an employee’s performance is evaluated by watching them in action
- Should be performed regularly
What is termination?
- 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
What is retirement?
- Employee decides to leave the workforce
What are retirement entitlements?
- Entitled to 9.5% minimum superannuation
- Access superannuation when at retirement age
What are transition issues of retirement?
- Counselling
- Lifestyle counselling
- Investment advice
What is resignation?
- Employee voluntarily leaves the business (exit interview)
May be due to, - Change of career
- Better job offer