555144
Description
Mind Map by jack.miers, updated more than 1 year ago
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Created by jack.miers
about 10 years ago
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HUMAN RESOURCE OBJECTIVES AND STRATEGIES
- DEFINITION: The targets pursued by the HR department of the business
- INFLUENCES ON HR OBJECTIVES:
- CORPORATE OBJECTIVES- set by the HR to acheive its objectives.
- EXTERNAL INFLUENCES ON HR OBJECTIVES:
- PRICE ELASTICITY OF DEMAND FOR PRODUCT:-when demand is stongly price elastic-->most businesses will set HR
objecives that allow it to reduce labour costs--> like budget airlines
- CORPORATE IMAGE- business want to keep employees happy, so that industrial action wouldnt damage their image
- PRICE ELASTICITY OF DEMAND FOR PRODUCT:-when demand is stongly price elastic-->most businesses will set HR
objecives that allow it to reduce labour costs--> like budget airlines
- EXTERNAL INFLUENCES ON HR OBJECTIVES:
- ATTITUDES AND BELIIEFS OF SENIOR MANAGERS- if they belive the current workforce is an asset, then they will want to keep the current
workforce.
- THE TYPE OF PRODUCT- if the product is hard to produce, then making use of labour is the primary objective
- CORPORATE OBJECTIVES- set by the HR to acheive its objectives.
- MAJOR HR STRATEGIES
- SOFT HR- the belief that the employees are the most valuable asset to the business. Therfore their value must be maximsed and devloped
over time- kind
- employees are empowered to take descions- employees are encouraged to extend skills- employees are consulted regularly
- employees are empowered to take descions- employees are encouraged to extend skills- employees are consulted regularly
- HARD HR-
- views employees as a resouce that msut be used as efficently as possible- they are no different from machines- employees are hired as cheaply as possible and managed
closely.
- pay kept to minimium- little or no empowerment- communication mainly downards-
- pay kept to minimium- little or no empowerment- communication mainly downards-
- views employees as a resouce that msut be used as efficently as possible- they are no different from machines- employees are hired as cheaply as possible and managed
closely.
- SOFT HR- the belief that the employees are the most valuable asset to the business. Therfore their value must be maximsed and devloped
over time- kind
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