Week 1 Flashcards
Why is HRM important?
1- Treating people in a fair and dignifying way is going to lead to better outcomes from the employee
2- The cost of replacing an individual can range from 0.5-2 times the employee’s annual salary.
3- It is a strategic resource that can provide added value to an employer/company.
What is commitment HR strategy with an example?
Focuses on the Internal Development of Employees and heavily focused on the outcome.
Example- A teacher becoming the head of their department who has control of how the syllabus will be taught.
What is the traditional HR strategy with an example?
Focuses on the External Recruitment and is focused on the process
Example- A bus driver hired through an agency who has to drive a specific route.
What is a collaborative HR strategy?
Where an organisation subcontracts work to independent experts and is focused on the outcome.
Example- External consultants
What is a paternalistic HR strategy?
Focuses on the internal development of employees and heavily focused on the process.
Example- A Mcdonald’s worker who becomes a manager and in charge of the process.
What are some factors apart from HRM that have an impact on performance?
Motivation
Psychological contract
Commitment
Leadership
What is the A-M-O model?
The model suggests that performance is a function of Ability, motivation and opportunity.
Performance = Ability + Motivation + Opportunity
What are the types of organisational commitment and briefly describe them
1- Affective commitment- Staying because you want to
2- Continuance commitment- Staying because you need to
3- Normative commitment- Staying because you ought to.
What is the psychological contract with an example?
Its a two way exchange of perceived promises and obligations between employees and their employer.
Example- An employee expects job security but understands that they need to perform well for their employer
What is the Leader-Member Exchange (LMX) ?
LMX is a theory where if the quality of the relationship between the leader and follower is good, there will be:
1- Greater organisational commitment
2- Better individual performance
