A2 Business Studies Aims and Objectives Aim Understand HR objectives Objectives Define Human Resource Management Explain what human resource objectives are Analyse human resource objective case studies ID: 343275
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Slide1
HR Objectives
A2 Business StudiesSlide2
Aims and Objectives
Aim:Understand HR objectives.Objectives:Define Human Resource Management.
Explain what human resource objectives are.Analyse human resource objective case studies.Evaluate conflicts which exist surrounding HR objectives.Slide3
MCS & HR
What is MCS’ main HR objective?Why is it important for MCS to retain the graduate engineers they recruit
?How might MCS’ HR objective support their corporate objectives?Slide4
Human Resource Management (HRM)
Making the best use of all employees to achieve the corporate goals
.Slide5
HR Objectives
Targets the HR management hopes to achieve by implementing HR strategies so that the business can achieve its corporate objectives.Slide6
Ob1: Matching Workforce Skills to Business Needs
Identifying future business needs so that recruitment, selection and training programmes reflect these requirements.http://
www.bbc.co.uk/news/business-19265988 Slide7
Ob2: Matching Workforce Size to Business Needs
New production techniques, expansion or cost saving can all lead to a change in workforce size.
Key is being able to have a flexible workforce which can be tailored to suit the businesses needs.
http://
www.youtube.com/watch?v=UQb-juLq_ww
Slide8
Ob2: Matching Workforce Size to Business Needs
Can making job losses result in a more efficient business?
Is there a short run and a long run perspective?Slide9
Ob3: Matching Workforce Location to Business Needs
Many businesses now operate globally.
Due to cheaper labour, land, less laws, lower corp. tax.
Labour either has to relocate or loose jobs.
Business cuts labour costs.Slide10
Ob4: Minimising Labour Costs
Firms can cut costs, become more efficient and productive by moving production abroad.Although the supply chain must be well planned and efficient!
Country
Minimum Wage ($)
UK
10.29
USA
5.15
France
9.35
Country
Minimum Wage ($)
Vietnam
0.13
China
0.20
Bangladesh
0.05Slide11
Ob4: Minimising Labour Costs
Apple and FoxconnWorkers working more than 60hrs+ a week
Working 7 days.Being paid on average $360 a month.$1.50 per hour.Roughly £1 per hour.Slide12
Ob4: Minimising Labour Costs
Total Cost of Producing iPhone 4s = £112.89
Labour Costs = 1.8%
= £2.03Slide13
Ob5: Making Full Use of Workforce’s Potential
Workforce audit/appraisals.May involve offering employees more flexible hours to reduce labour turnover/absenteeism.
Ob6: Maintaining Good Employee/Employer Relations
HR function maintaining good relations between management, workers and industrial unions.Slide14
Minimising Labour Costs Debate: UK Labour or Far East Labour?
UK Labour
Far East Labour
Depends on……Slide15
Minimising Labour Costs Debate: UK Labour or Far East Labour?
UK LabourCosts
ProductivityHolidaysLabour rightsLawsEfficiency
Far East Labour
Costs
Productivity
Holidays
Labour rights
Laws
Efficiency
Depends on……
http://www.youtube.com/watch?v=9jOgRpO5i94