What does HRM stand for?
Human Resource Management
Empowerment Pays: Non-financial motivators like empowerment (involved in decision-making) and job enrichment (adding responsibilities) often lead to higher long-term retention than relying solely on financial methods.
Comparing common leadership approaches and employee involvement.
| Style | Decisions By | Input | Speed | Inspire | Control | Focus | Goal |
|---|---|---|---|---|---|---|---|
| Auto | Leader | None | Fast | Low | High | Direction | Compliance |
| Demo | Team | High | Slow | Med | Med | Consensus | Agreement |
| Laissez | Self | Full | Varies | Low | Low | Independence | Autonomy |
| Trans | Shared | High | Med | High | Med | Change | Innovation |
What does HRM stand for?
Human Resource Management
What is the main purpose of HRM?
To manage people within a business to meet labour resource needs and support business goals.
Name three types of employment contracts.
Part-time, full-time, temporary.
What is organisational design?
Creating business structures to support flexibility, growth, and innovation.
Give two types of organisational structure.
Hierarchical and matrix.
What is motivation in HRM?
Satisfying worker needs to improve recruitment, retention, and performance.
Name two financial motivation methods.
Salary and bonuses.
What is employee morale?
The overall attitude and satisfaction employees have towards their work.
What leadership style involves employees in decision-making?
Democratic leadership.
What is the role of trade unions in HRM?
To represent workers and negotiate pay and conditions.
What is redundancy?
Job loss due to the role no longer being needed.
What are two selection methods in recruitment?
Interviews and tests.