MGT406 - B 9/2/25 Class Notes
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12 Terms
Part of employee revenue from company =
22 percent.
Why could labor costs suddenly increase?
Unforeseen costs, overtime, fake timecards,
How can you motivate employees?
Good supervision.
What is it called when you are doing bare minimum for company?
Quiet quitting.
How do you get employee strategic advantage?
Position your company better with better benefits, pay, etc.
Is staffing a system?
Yes? Maybe?
HR makes money because…
They solve company problems (especially when it comes to hiring).
Risk of over vs under staffing:
Signs of overstaffing: Low productivity/lots of downtime, increased operational costs, declining employee engagement, and work duplication.
Signs of understaffing: Frequent overtime and employee burnout, decreased quality of work, missed deadlines, and high turnover rates.
What was it called after COVID when employees were quitting? NOT quiet quitting but…
The Great Resignation.
Talent acquisition also includes…
Who will we be cutting and why.
What are KSAOs?
Knowledge, Skills, Abilities and Other things used to do their job.