Unit 6 - HR Flashcards
Name 6 key possible HR objectives
Employée engagement and involvement Talent development Training Diversity Alignment of values Number, right skills and location of employees
What is diversity?
It is realising that each individual worker is different
What are the two opposite types of HR approach?
Soft and hard HR
What is a hard HR approach?
Where employees are simply treated as a resource, have little autonomy and are more than likely often on low wages due to the basic nature of the work
What is a soft HR approach?
Employers have regular communication with employees and employees are encouraged to take responsibility. Appraisal systems are generally more focused on employee needs rather than simply how good or bad there performance has been, as with a hard HR approach
What is an appraisal system?
The process where managers examine and evaluate a worker’s performance and compare it with preset targets
What is labour productivity?
Measures the output per employee over a specified time period
How do you calculate labour productivity?
Total output per time period/number of employees
What effect does higher labour productivity have on costs?
It decreases unit costs because fixed costs are now spread over more units
Why is being capital intensive good for many firms?
It can reduce unit costs massively as machinery can be far more productive and efficient
What is labour cost per unit?
This is how much it costs in labour to produce 1 unit of output
How do you calculate labour cost per unit?
Labour costs/output
What happens to labour cost per unit if productivity rises?
They fall
What does employee costs as a percentage of turnover measure?
This calculates labour costs as a percentage of turnover
How do you measure employee costs as a percentage of turnover?
Labour costs/turnover. X100
How do you calculate labour turnover?
Number leaving over time period/total number of employees. X100
How do you calculate labour retention?
Number employed for more than 1 year/total number of employees X100
What is human resource planning?
Ensuring staffing in terms of numbers and skills is adequate to achieve objectives
What is job rotation?
Varying the jobs done but of a similar complexity