IB Business Management - Unit 2 - Human Resource Management Flashcards


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1

Mobility of labour

It is the extent to which workers are flexible enough to move to different locations (geographical mobility) and/or their flexibility in changing to different jobs (occupational mobility).

2

Net migration

It measures the difference between the number of workers entering a country (immigration) and the number of people leaving (emigration).

3

Portfolio workers

They are those people who simultaneously carry out a number of different jobs, often for various contractors, usually on a temporary basis.

4

Six change approaches

It is John P. Kotter's model for reducing the impact of change and resistance to change. It consists of six strategies or approaches: (i) education and communication, (ii) participation and involvement, (iii) facilitation and support, (iv) negotiation and agreement, (v) manipulation and co-option and (vi) explicit and implicit coercion.

5

Teleworking

It refers to working away from the office by using electronic forms of communication, such as telephones, the Internet and email.

6

Workforce

It refers to the number of employees at any one point in time for a particular organisation.

7

Demography

It is the statistical study of population characteristics, using data such as birth rates, death rates, ageing populations and net migration rates.

8

Flexitime

It is a system that enables workers to have a degree of autonomy to determine when they work, so long as they complete their work by setting deadlines.

9

Gig economy

It refers to labour markets where workers are typically on short-term, temporary contracts or carry out freelance work as independent contractors.

10

Homeworking

It is an aspect of flexitime whereby people work from their own homes.

11

Human resource management (HRM)

It refers to the role of managers in planning and developing the organisation's people. This is done through interrelated functions such as the recruitment and selection, as well as training and development of employees.

12

Human resource planning (or workforce planning)

It is the management process of forecasting an organisation's current and future staffing needs.

13

Migrant workers

They are people who move to other countries in search of better job prospects and opportunities.

14

Ageing Population

It is a demographic change that tends to occur in high-income countries with the average age of the population getting higher.

15

Accountability

It describes the extent to which a person is held responsible for the success or failure of a task or job. It allows senior managers to have better control over the running of their organisations.

16

Bureaucracy

It is the official administrative and formal rules of an organisation that govern business activity. It involves prescribed rules and policies, standardised procedures and formal hierarchical structures.

17

Centralization

It occurs when the majority of decision making is done by a very small number of people (usually the senior leadership team) who hold decision-making authority and responsibility.

18

Chain of command

It refers to the formal line of authority, shown in an organisation chart, through which formal communications and orders are passed down.

19

Decentralisation

It occurs when decision making authority and responsibility are shared with others in the organisation.

20

Delayering

It is the process of removing levels in the hierarchy to flatten the organisational structure, thereby widening the span of control in the hierarchy.

21

Delegation

It is the empowerment of a person lower down in the organisational structure by passing on control and decision- making authority to complete a certain task or role.

22

Flat (or horizontal) organisational structure

It means that there are only a few layers in the formal hierarchy and hence managers have a relatively wide span of control.

23

Hierarchy

In a business, it refers to the organisational structure based on a ranking system.

24

A Hierarchical level

It refers to a different rank with its associated degree of authority and responsibility.

25

Levels of the hierarchy

It refers to the number of layers of formal authority in an organisation. The number of levels is shown in an organisation chart.

26

Line manager

It refers to the person directly above an employee in the organisational structure.

27

Managers

They are the people responsible for the day-to-day running of the business or a department within the organisation.

28

Matrix structure

It refers to a flexible type of organisational structure of representatives from different departments, temporarily working together on a particular project or job.

29

Organisation by function

It refers to structuring a workforce according to business functions, i.e. specialised roles or tasks such as marketing or finance and accounts.

30

Organisation by product

It refers to structuring a workforce according to the goods or services produced or sold. Each department focuses on a different product within the organisation's overall product portfolio.

31

Organisation by region

It refers to structuring a workforce according to different geographical areas, based on where the firm's operations are.

32

Organisation chart

It is a diagrammatic representation of a firm's formal structure of human resources.

33

Organisational structure

It refers to the formal interrelationships and hierarchical arrangements of human resources within a business.

34

Outsourced workers

In Charles Handy's Shamrock Organization, they are the individuals or organisations hired on a contract basis to carry out specific but non-core roles.

35

Peripheral workers

According to Charles Handy, they are the contingent workers consisting of part-time and temporary staff hired by the organisation to provide greater flexibility.

36

Professional core

According to Charles Handy, they are the core workers consisting of full-time specialists (professionals) who are vital for the organisation's operations and survival

37

A Project-based organisation

It arranges human resources around particular projects, each led by a project manager. Such structures allow increased flexibility to adjust quickly to market changes and to adopt rapid innovations.

38

Responsibility

It refers to who is in charge of whom and in what role or capacity. Roles and responsibilities can be seen in an organisation chart.

39

The Shamrock Organization

It refers to Charles Handy's model that organisations are increasingly made up of core staff who are supported by peripheral workers and outsourced workers (consisting of consultants and contractors).

40

Span of control

It refers to the number of subordinates overseen by a manager, ie. the number of people who are directly accountable to the manager.

41

Tall (or vertical) organisation structure

It means that there are many layers in the hierarchy and hence managers have a narrow span of control.

42

Autocratic leadership

It refers to leaders who adopt an authoritarian approach by making all the decisions rather than delegating any authority to their subordinates. Instead, the autocratic leader simply tells others what to do.

43

Democratic leadership

It refers to the leadership approach that considers the views of others when making decisions. This participative leadership style means that decision-making is decentralised.

44

Functions of management

It refers to the roles of managers, namely the planning, organising, commanding, coordinating and controlling of business operations.

45

Intuitive thinking and management

They are based on personal beliefs, perceptions and instincts or gut feelings. This approach to management and leadership considers issues that are not necessarily quantifiable.

46

Laissez-faire leadership

It is an approach based on having minimal direct input into the work of employees. Instead, these leaders allow subordinates to make their own decisions and to complete tasks in their own way.

47

Leadership

It is the skill of getting things done through other people by inspiring, influencing and invigorating them to achieve organisational goals.

48

Leadership style

It refers to the ways in which decision makers behave or reveal their behaviour. These styles or approaches are categorised as autocratic, paternalistic, democratic, laissez-faire or situational.

49

Management

It is the practice of achieving an organisation's objectives by using and controlling the available human and non-human resources of the business in an effective way.

50

Manager

Someone with decision-making authority within an organisation and has responsibility for problem solving in order to achieve specific organisational goals.

51

Paternalistic leaders

They treat their employees as if they were family members, guiding them through a consultation process and acting in the perceived best interest of their subordinates.

52

Scientific thinking and management

They are based on objectivity, facts and empirical evidence. This approach to the management and leadership follows a formal and prescribed procedure.

53

Situational Leadership

It refers to the approach that considers there is no single leadership style that suits all situations. The optimal style depends on situational factors, such as the attitudes, behaviours and competencies of managers and workers.

54

Motivation

It refers to the desire, effort and passion to achieve something. It is the willingness to complete a task or job with intent and purpose.

55

Motivators

They are the factors that Herzberg considered to increase job satisfaction and motivation levels, such as praise and recognition.

56

Movement

According to Herzberg, it occurs when people do something because they need to, so they feel obliged to do so.

57

National minimum wage

It is the lowest hourly pay that all firms must remunerate (pay) their workers, as stipulated by the government.

58

Non-financial rewards

They are non-monetary factors that motivate people by offering psychological and intangible benefits, i.e. factors not directly linked to money.

59

Off the job training

It refers to training conducted off-site, such as at a tertiary college or hotel conference centre.

60

On the job training

It refers to training carried out whilst at the workplace. For example, the training can be delivered by a manager, supervisor or other specialist.

61

Performance-related pay (PRP)

It is a payment system that rewards people who meet set targets over a period of time. The targets can be on an individual, team or organisational basis.

62

Piece rate

It is a payment system that rewards people based on the amount that they produce or sell. Thus, their pay is directly linked to their level of productivity.

63

Physiological needs (or basic needs)

In Maslow's hierarchy of needs, they are the requirements for human survival, including food, water, shelter and warmth.

64

Productivity

It measures the level of output per worker. It is an indicator of motivation as employees tend to be more productive with increased levels of motivation.

65

Profit-related pay

It is a type of financial reward system which remunerates workers a certain percentage or amount of the annual profits that the firm earns.

66

Purpose, as a non-financial reward

It refers to the opportunity to make a difference.

67

Remuneration

It means the overall compensation package, such as salaries, commission, profit-related pay, performance-related pay, share ownership schemes and fringe benefits.

68

Safety needs (or security needs)

In Maslow's hierarchy of needs, they are the requirements that make people feel safe, such as job security.

69

Salary

It is a type of financial payment that rewards workers a fixed annual amount of money, usually paid per month.

70

Scientific management

Developed by EW. Taylor suggests that specialisation and division of labour help to increase the level of productivity. This is especially the case if pay is linked to a piece-rate reward system.

71

Self-actualization

In Maslow's hierarchy of needs, it refers to the highest level of needs, which occurs when people become the very best that they can be and fulfil their potential.

72

Self-appraisal

It involves employees appraising themselves based on a set of predetermined criteria.

73

Self-determination theory

Coined by E. Deci and R. Ryan, describes three core requirements that facilitate growth and motivation in people: autonomy, competence and relatedness.

74

Social needs (or love and belonging needs)

In Maslow's hierarchy of needs, it refers to the requirement to be accepted by others.

75

Summative appraisal

It is a written description of an employee's performance at work, summarising what s/he has done and achieved during a given period of time, usually a year.

76

Teamwork

It is a form of non-financial motivation, which involves the combined efforts of a group of workers to achieve organisational goals.

77

Time rate

It is a payment system that rewards staff for the time (rather than output) that they put into work. It is expressed per period of time, e.g. $10 per hour or $5,000 per month.

78

Training

It is the process of providing opportunities for workers to learn and acquire employment-related skills and knowledge.

79

Wages

They are a type of financial reward payment system based on time or output. They are paid as time rate (hours) or piece rate (output).

80

Barriers to communication

It refers to anything that can limit or impede the effectiveness of communications, thereby leading to information failure. Examples include jargon, ignorance, internal politics and computer failure.

81

Channel of communication

It refers to the method(s) through which communications take place between the sender and recipient.

82

Communication

It is the transfer of information between different people and between organisations.

83

Electronic mail

It refers to the process of using computer wide area networks (WAN) as a mailing system for communication purposes.

84

External communication

It is conducted between members of one organisation and members of another.

85

Formal communication

It refers to the official and established channels of communication.

86

Jargon

it is a specialist or technical language used to speed up communication.

87

Informal communication (or grapevine communication)

It refers to unofficial, natural and unstructured channels of communication, naturally established by people from within an organisation.

88

Information overload

It is the excessive amount of information being passed onto staff, i.e. swamping workers with too much communication. This can increase workload and stress.

89

Internal communication

It refers to communications within the business organisation.

90

Internal politics

It refers to conflict between people within an organisation.

91

Non-verbal communication

It is any form of communication other than oral communication, such as electronic systems (such as email), written methods (such as letters) and visual stimulus (such as body language).

92

Open channels of communication

They are used when information is not confidential and can be shared by anyone.

93

Restricted channels of communication

They are used when information is confidential and is directed only to those who need to know.

94

Verbal communication (or oral communication)

It refers to communication via the use of spoken words, such as meetings, interviews and appraisals.

95

Videoconferencing

It is a communication method that allows communications to take place via telecommunications networks. The parties can see and hear each other using videoconferencing hardware and software technology.

96

Visual communication

It is the use of visual stimuli to communicate information or ideas.

97

Written communication

It refers to communication methods that make use of the written word, such as letters, memoranda, reports and notices.