Unit 6 Flashcards
What is HR?
human resources
What is a HR department responsible for?
the use of labour within the organisation
What are HR objectives?
are the goals or targets that a business’s HR department seeks to achieve
What are 2 examples of HR objectives?
- amount of employees produce
- quality of their work
- training
- talent development
- diversity
What does employee engagement and involvement mean?
‘Being positively present during the performance of work by willingly contributing intellectual effort, experiencing positive emotions and meaningful connections to others’ - CIPD
What did CIPD believe the 3 segments were of their definition?
intellectual engagement
affective engagement
social engagement
What is intellectual engagement?
thinking hard about the job and how to do it better
What is affective engagement?
feeling positively about doing a good job
What is social engagement?
actively taking opportunities to discuss work related improvement with others at work
How can employee involvement be achieved?
- considering employees ideas and opinions
- employee representatives
What are the external influences of HR?
technological social political economic competitive
What data can be used to show performance of employees?
labour productivity
unit labour costs
labour turnover and retention
What is the calculation for labour productivity?
total output per time/ number of workers at work
What affects labour productivity?
- extent and quality of capital equipment available
- motivation of the workforce
What does unit labour cost measure?
the labour costs per unit of output
What factors will influence employees cost as percentage of revenue?
- productivity rates of workforce
- wage rates
- non-wage employment costs (pension schemes and benefits can increase costs without increasing revenue)
- The management of capacity
What is the calculation for labour turnover?
number of staff living during year / average number of staff X 100
What does labour turnover measure?
the proportion of a workforce leaving their employment at a business over some period of time usually a year
What factors cause poor staff retention?
- low wages
- inadequate training
- low morale/motivation
- ineffective recruitment
- redundancy
- retirement
What is the calculation for labour retention?
number of employees employed for a year or more / average number of staff x 100
What does labour retention measure?
the extent to which businesses retain employees
What does high labour retention cause?
increases recruitment and training costs
can unsettle other employees