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FUNCTION AND EVOLUTION OF HRM (HR PLAN (TRAINING (Off-the-job, Cognitive…
FUNCTION AND EVOLUTION OF HRM
LABOUR TURNOVER
LABOUR TURNOVER= (number of staff leaving in a year)/(average number of staff employed in a year) ×100
FACTORS
INTERNAL
Changes to business finance
Changes in business strategy
Changes in business organisation
Changes in labour reactions
EXTERNAL
State of economy
Social trends
Changes to education
Demographic change
Government regulations/laws
Technological change
Labour mobility
HR PLAN
TRAINING
Off-the-job
Cognitive training
On-the-job
Behavioural training
Induction
APPRAISAL
Summative
360 Degree
Formative
Self-appraisal
RECRUITMENT
Application
Selection
Identification
TERMINATION OR DISMISSAL
DISMISSAL
Poor discipline
Drug or alcohol abuse
Continually missing work
Theft or dishonesty
REDUNDANCY
Voluntary
Involuntary
TERMINATION
Promotion
Retirement
Professional development
Lifestyle choice
Change in acreer
Family reasons