Business Exam-Unit 4

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/11

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

12 Terms

1
New cards

Human Resource Management

is a system of recruiting employees to the business.They are then trained , developed and awarded for their efforts.The responsibility for HRM lies with the firms’s human resource manager

2
New cards

Functions of a HR Manager

  1. Human Resource Planning

  2. Recruitment and Selection

  3. Training and Development

  4. Rewards

  5. Performance Appraisal

  6. Employee to Employer Relationship

3
New cards

Human Resource Planning

The HR Manager carries out 

human resource planning this ensures that the business has the correct number of staff with the necessary skills and qualifications to fill all vacancies in the business

4
New cards

Rewards

The HR manager is responsible for creating a rewards package to motivate employees. This package can include financial and non-financial rewards.Motivated employees work harder and there are lower levels of absenteeism and labour turnover

5
New cards

Performance Appraisal

a review of an employees performance and is usually carried out by the HR manager. The manager meets with the employee and agrees goals to be achieved within a period of time e.g. a year. At the end of the period they meet again to evaluate the employees performance..

6
New cards

Benefits of Performance Appraisal

Training Needs:It can help identify training needs for employees and these can be organised by the HR Manager.

7
New cards

Benefits of Performance Appraisal

It can help The HR manager to identify candidates for future promotion. These employees have achieved the targets set and may want more responsibility in the firm.

8
New cards

Encouraging employees to adapt to Change

9
New cards
<p>Explain the term teamwork</p>

Explain the term teamwork

A group of individuals/employees working together to achieve a certain objective.

10
New cards

Total Quantity Management

To adapt to a changing business environment,TQM requires the business to provide good and services that meet the needs and quality standards of its customers.

11
New cards

Risk Management

Risk management involves identifying all risks that business or household might incurs.Once the business/household has identified the possible risks and found ways to minimise these risks , it should take insurance cover

12
New cards

Ways to Minimise Risks

Install security camera:Security risks can be reduced by installing alarms, CCTV cameras and motion sensor lights.

Health and safety: Ensure that employees are aware of health and safety rules, e.g wearing a hard hat on a construction site.