People in Business

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Mind Map on People in Business, created by janet_a_morgan on 09/27/2015.
janet_a_morgan
Mind Map by janet_a_morgan, updated more than 1 year ago
janet_a_morgan
Created by janet_a_morgan over 10 years ago
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Resource summary

People in Business
  1. Recruiting
    1. Full-time advantages
      1. Fewer staff needed
        1. lower recruitment and training costs
          1. easier to manage
            1. more job security for workers
              1. loyal workers
              2. Stages of recruiting:
                1. 1. Job description: decide what kind of worker they want and state what the job includes to attract employees
                  1. 2. Person description: decide what kind of person they want
                    1. 3. Advertise the job vacancy: job advert should include: job title, pay, hours, location etc and this can be published in local newspapers and on job websites or displayed in the shop window.
                      1. 4. Shortlist candidates: once the applications have been received the best candidates will be short listed and progress to the next stage
                        1. 5. Interviews: the best candidates will be interviewed and/or tested to see who fits the job best. Then the best candidate will be employed
                        2. Part-time advantages
                          1. Cheaper wages
                            1. flexible hours
                              1. only work at peak times
                                1. works with other commitments e.g. children
                                2. Internal recruitment
                                  1. already know the workers strengths, skills and personality
                                    1. little training needed
                                      1. Cheaper than external
                                        1. employees will feel they can develop their career within the business
                                        2. External recruitment
                                          1. new ideas and skills
                                            1. higher skilled employee
                                              1. doesn't create another vacancy
                                                1. no disagreement
                                              2. Motivating staff
                                                1. Motivation: the desire to do something
                                                  1. Why is it important to keep employees motivated?
                                                    1. More efficent
                                                      1. Hard working staff
                                                        1. Good reputation
                                                          1. Friendly towards customers
                                                          2. ways to motivate staff:
                                                            1. Monetary benifits
                                                              1. Non-monetary benifits
                                                                1. offering responsiblity
                                                                  1. training
                                                                2. Rewarding employees
                                                                  1. Deciding pay
                                                                    1. How skilled the employee is
                                                                      1. Hours
                                                                        1. Experience
                                                                          1. Competitors pay
                                                                          2. Non-monetary benefits
                                                                            1. Fringe benifits
                                                                              1. Company car
                                                                                1. free products
                                                                                2. Discount within the business
                                                                                3. Monetary benefits
                                                                                  1. Bonuses
                                                                                    1. pensions
                                                                                  2. Protecting staff
                                                                                    1. Equal pay act: insures there is equal pay between employees of different: races, cultures, gender etc
                                                                                      1. Minimum wage act: insure employees are getting payed a fair amount for their age.
                                                                                        1. Discrimination legislation: makes it illegal to discriminate staff in the workplace by age, gender, race or disability. All staff are to be treated the same.
                                                                                          1. Employment rights: all businesses must have insure against injuries to employees. Employees have rights to things such as: sick pay, maternity leave, holidays etc
                                                                                            1. Heath and Safety act: insures the workplace is safe to work in and a nice place to work. it states employees are responsible for their own health and safety
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