Level Business - HRM Concepts and Labour Turnover

Flashcards covering Hard HRM, Soft HRM, causes of high labour turnover, and strategies to reduce it.

What is a potential negative consequence of Hard HRM?

It may lead to higher labour turnover due to stress and lack of motivation from strict management.

What is a potential positive consequence of Soft HRM?

It may lead to lower labour turnover as employees feel more valued and less stressed.

How does ineffective leadership or management contribute to high labour turnover?

Demotivating leadership styles like autocratic or laissez-faire can cause employees to leave.

Why can poor communication lead to high labour turnover?

Workers become confused and unsure of their tasks or what is happening in the business.

When might low wages become a cause for high labour turnover?

When wages are low compared to comparable jobs in the market, employees may seek better-paying opportunities.

What type of work can contribute to high labour turnover?

Boring, unchallenging, or repetitive work with no opportunities for promotion can lead to high turnover.

How do poor working conditions affect labour turnover?

Unfavorable working conditions can cause dissatisfaction and encourage employees to leave.

What can happen to labour turnover when the economy is doing well?

Labour turnover can increase as there are more employment opportunities available for staff.

What is monitoring and benchmarking in the context of reducing labour turnover?

It involves comparing a business's labour turnover to similar businesses in the same market to identify areas for improvement.

How can exit interviews help a business reduce labour turnover?

They provide useful, honest information about negative aspects of the business as employees are more likely to be candid when leaving.

How can recruitment and selection practices help reduce labour turnover?

By providing better induction training, businesses can ensure new employees are well-integrated and satisfied, reducing their likelihood to leave.