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HR Management

Human Resource Management

TermDefinition
Human resource management (HRM) Refers to the recruitment, training and retention of motivated staff and it includes maintaining good industrial relations so that employees work to the best of their ability to achieve the organisation’s goals.
HR planning Identifies the future staffing needs of a business and plans to have the right number of staff with the right skills at the right time to achieve the organisation's strategic objectives.
Human resource audit A survey of the skills that are present in the existing workforce.
Job description Sets out the title, duties and responsibilities of the job, as well as the terms and conditions of employment.
Person specification Sets out the qualifications, experience, qualities and skills required by the ideal person for the job.
Job rotation A system of working in which employees work in a range of jobs in a company so that they have different types of work to do which avoids them getting bored and helps them understand the organisation better.
Job enrichment Providing employees with work requiring greater responsibility, control and decision making.
Labour turnover The rate at which employees leave a firm
Natural wastage A reduction in the number of people working in an organisation, which is achieved by not replacing those who leave.
Induction Helps new employees feel more comfortable in their new work environment, by making them familiar with the layout of the building, the health and safety guidelines and operating systems as well as introducing them to their co-workers.
On-the-job training An employee learning through observing more experienced employees and undertaking practical work under supervision.
Continuing professional development CPD is the means by which people maintain their knowledge and skills related to their professional lives.
Performance appraisal The process of setting performance standards for each employee and then assessing their performance over a period of time eg six months or a year.
Staff development Refers to the processes and activities through which every organisation develops, and improves the skills, competencies and overall performance of its employees.
Voluntary redundancy Staff voluntarily agree to give up their job and in return the business gives them a generous redundancy package to financially compensate them.
Redeployment The process of moving employees to a different job, with the same level of responsibility, within the organisation.
Curriculum Vitae A CV is a short written description of your education, qualifications, work experience, achievements and interests, that you send to a potential employer when you are trying to get a job.
Monetary rewards Refer to the normal payments received by employees for carrying out their job such as salaries/wages but it can also include bonuses, benefit-in-kind, a share of profits, share ownership and share options.
Non-monetary rewards Are non-cash incentives used to motivate employees such as flexible working arrangements, opportunities for training and advancement, greater employees empowerment and industrial democracy.
Employees empowerment A management practice of sharing information, rewards, and power with employees so that they can take initiative and make decisions to solve problems and improve service and performance.
Industrial relations The quality of the relations that exists between the owners and the employees in an organisation.
Flexi-time A system of working in which people work a particular number of hours within a fixed period (eg week), but can change the time they start or finish work each day.
eworking Working away from the employer's premises, using technology which allows the employee to connect to the employer's network.
Job sharing Where a particular job is divided between two people who share the duties and responsibilities but work at different times during the day or week
Flat-rate pay Where employees receive an agreed set rate of pay per week/month based on a standard number of hours worked.
Time-rate pay Where employees are paid a set amount for each hour they work.
Piece-rate pay Where employees are paid for each item produced that meets the desired quality standard.
Remuneration Refers to the package of financial and non-financial rewards provided to each employee to ensure they are sufficiently motivated to work to achieve the organisation's goals.
Created by: mary mcmullin