Unit 6: Decision-making to Improve Human Resource Performance Flashcards
What is Human resource management?
Managing people
What HR objectives might a business set?
Training
Diveristy
Why do businesses set HR objectives?
Effective working environment
Good performance
Allocate resources
Soft HRM
Concentrate on the needs of employees- their roles, rewards, motivation
Hard HRM
Identify workforce needs of the business and recruit and manage accordingly (hiring, moving and firing)
Key features of Soft HRM
Long term workforce planning
Strong communication
Competitive pay structure
Employers are empowered
Feedback
Key features of Hard HRM
Short term changes
Minimal communications
Little empowerment
Minimum wage
Employee retention
The ability of an organisation to retain its employees
Labour turnover
Employees leaving in a given period
What factors can influence labour turnover?
Competitors
Working conditions
Pay
Type of business
What problems does high labour turnover cause?
High recruitment
Pressure on staff
Hard to maintain standards
Distribution
How could a business minimise labour turnover?
Effective recruitment
Staff loyalty
Rewards
Recruit right staff
Job empowerment
Labour Productivity
Amount of output that is obtained from each employee
Labour costs per unit
Average labour costs involved in producing one unit of output in a given time
Tall Organisational Structures
Many levels of hierarchy
Less people to manage
Longer to communicate
Lighter control
Flat Organisational Structure
Few layers of hierarchy
More promotion
Fewer opportunities
Delegation
Giving authority to others