Pages in this set

Page 1

Preview of page 1
Human Resource Management - Text Book
What is Human Resource Management?
HRM views activities relating to the workforce as integrated and vital in helping the
organisation to achieve its corporate objectives. People are viewed as an important
resource to be developed through training. Thus, policies relating to recruitment, pay
and…

Page 2

Preview of page 2
Soft HRM
Other firms use a soft HRM. This approach is based on the notion that employees
are perhaps the most valuable assets a business has and they should be developed
to maximise their value to the organisation. This makes a long-term approach
essential. Employees are seen as a resource…

Page 3

Preview of page 3
Once this comparison is complete the firm can decide upon policies (e.g.
recruitment, training, redeployment, & redundancy) necessary to convert the
existing workforce into the desired one.

The plan will specify how the business will implement it human resource policies. An
important element of the plan is a skills audit…

Page 4

Preview of page 4
Production may become capital intensive requiring fewer employees with greater
skills. Alternatively a business might wish to give employees more responsibility for
production as it adopts total quality management. This may require the workforce
plan to prepare for delayering and empowerment.

4. Financial Constraints
Workforce planning operates within tight financial…

Page 5

Preview of page 5
In a business environment subject to an increasingly rapid change, a number of factors
influence businesses in the design of their reward systems for employees. Managers and
shareholders expect that the reward system will prove cost effective. Bonuses should
encourage employees to work harder and strive to meet corporate objectives,…

Page 6

Preview of page 6
Since the implementation of the minimum wage employers have faced additional
problems in using piecework systems. Employers using piecework have to ensure
that their employees earn at least the minimum wage rate per hour.

Wages & Salaries
Wages are paid weekly and expressed as a weekly sum, while salaries are…

Page 7

Preview of page 7
Share Ownership
This can be a development of profit sharing schemes. Some businesses pay their
employees share of the profits in the form of company shares.

Under share options managers have the opportunity to buy company chares at
some agreed date in the future, but at the current share price.…

Page 8

Preview of page 8
2. Absenteeism
Absenteeism = Number of Staff Absent (on one day) _ X 100
Total Number of Staff

Absenteeism occurs for a variety of reasons including industrial accidents and illness.
The term is frequently used to describe a situation where an employee is absent from
work frequently and without good…

Page 9

Preview of page 9
leave. Such employees should be aware of the goals of the organisation and understand
how they can contribute towards the attainment of them.

Under this scenario a business should incur less recruitment costs, enjoy higher levels of
productivity and a reduction in faulty products. It may attract top class applicants…

Page 10

Preview of page 10
Human Resource Management ­ Class Notes
Key Terms
Personnel Management
Personal management is the range of tasks necessary to administer to a
business's employees (short term) for example, recruitment, training, the welfare
and discipline of the staff.

Human Resource Management (HRM)
HRM is the process of making the most efficient…

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »