Human Resource Management

Front

Human Resource Management

Back

The strategic approach of managing employees so that they help the business succeed.

Front

Purpose and Role?

Back

-Aims to recruit capable, flexible and hard working people.

-Manages and rewards workers performance and develop their skills to benefit the business.

Front

HRM focuses on?

Back

Mainly 5 things:

1) Workforce Planning

2) Recruitment & Selection

3) Training

4) Redundancy & Dismissal

5) Morale & Welfare

Front

Why business need workforce planning?

Back

-To stay competitive

-To calculate for the future staffing needs of the business

-To avoid over staff and also under staff

Front

No. of worker needed will depend on?

Back

- Productivity

- Demand forecast

- Labour turnover

- Absenteeism rate

Front

No. of skilled workers needed depend on?

Back

- Technological changes

- Dynamic environment (Multi-skilled and flexible workers)

Front

Why business need to recruit staff?

Back

- Entering new market, to increase sales & developing new products.

- Existing workers leaving due to sickness, retirement and work offer at competitors.

- Relocating (some workers leave as they do not want to move to new location)

Front

How many types of recruitment?

Back

There are 2:

1) Internal (Existing workers)

2) External (New workers)

Front

Advantages and Disadvantages of INTERNAL RECRUITMENT

Back

Advantages:
- Cheap and quick

- Already familiar and know how it operates

- Opportunities for promotions

Disadvantages:

- No new ideas being introduced

- Limits no. of potential candidates.

- Argument may arise as some workers is not appointed.

Front

Advantages and Disadvantages of EXTERNAL RECRUITMENT

Back

Advantages:

- Wider range of experience

- Larger no. of potential candidates

- New ideas being introduced

Disadvantages:

- Longer process

- More expensive (advertisement & interview)

- May not be effective enough to pick the suitable candidates.