business - aproaches to staffing

Why are employees an asset to a business?

Customer service.

Abilities.

Sharing workload.

Ideas.

Efficiency.

Skill set.

Impact on business of having employees as an asset

Pricing.

Reputation.

Innovation action.

Product.

Quality.

Recruitment.

How will employees feel if they are treated as an asset?

Loyal.

Productive.

Efficient.

Proud.

Satisfied.

Creative.

Remuneration

An amount of money that is paid to somebody for the work that they have to do.

Wage

Paid to workers based on the amount that they work.

Usually for lower skilled or manual workers.

Salary

A fixed amount that you usually get paid per month.

Usually highly skilled or not directly making the product.

Ways that an employee is a cost to a business

Recruitment.

Welfare.

Training.

Severance.

What is in a contract of employment?

Working hours.

Location.

Salary/wages.

Sick pay.

Job title.

Start/end date.

Duties/responsibilities.

Holiday entitlement.

Dismissal

Happens if an employee has breached their contract of employment.

Legal reasons for dismissal

If an employee is not capable of doing their job.

If an employee has behaved badly (misconduct).

Redundancy

Occurs when the employees job role is no longer required.

Why may a business make redundancies?

Reducing the number of staff employed.

Relocation of the business.

Business is closing down.

Increase in the use of technology.

Permanent contract

A contract which has no end date and provides more financial security.

Full time contract

Employees that work at least 35 hours a week.

Temporary contract

Allows a business to meet a short term increase in demand or cover a staff absence, eg. Maternity/long term sickness.

Part time

Less the ‘standard hours’ which can mean more flexibility in terms of covering absent employees.

Home working

Employees can work from home some or all days of the week.

Full time

Employees complete a set number of daily/weekly/monthly hours at times that suit them.

Zero hour contract

A business employs a worker but doesn’t offer them guaranteed hours.

Shift work

Used when a job role needs filling or more honours in a day than can be completed by a single worker so the hours are split up.

Outsourcing

When a business hires out some activities to other businesses rather than doing them in house.

Advantages of outsourcing

Allows employers to save money by not having to train staff in completely now processes foro tasks that may be needed occasionally.

Disadvantages of outsourcing

Trust is put in a third party business meaning there could be implications of quality, reputation and future success.

Impacts of flexible working on employer

Save on training costs.

Harder to monitor performance.

More productivity of happier staff.

May struggle to find staff due to zero hour contract.

Impacts of flexible working on employee

Save on commuting costs.

Able to work around personal life.

Flexible working hours.

Harder to be motivated.

Concerns about job/financial security.

Flexible working

Preparing staff to take on different jobs/roles within a business and therefore making them multi skilled.

What do employers want from employees?

They need hark working and reliable staff to contribute to the production of products that can be sold for profit.

What do employees want from their employers?

They need a secure income to support themselves and their families.

Individual bargaining

When employees negotiate with their employers bout their own pay and working conditions, often through their appraisal process.

Collective bargaining

When a group of employees is represented by workforce representatives who negotiate with employers on issues like pay.

Work councils

A group of employers and employees who meet to discuss work related issues.