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Human resource management strategy

Introduced
Handout Watch lesson
Vocabulary
English Meaning
soft HRM/sɒft ˌeɪtʃ ɑː ˈem/An approach to managing employees that emphasises development, commitment, participation and their value to the organisation.
hard HRM/hɑːd ˌeɪtʃ ɑː ˈem/An approach to managing employees that emphasises workforce planning, performance control and labour costs.
resource/rɪˈzɔːs/An input, asset or source of support that can be used to meet needs or achieve an objective.
assets/ˈæsets/Resources owned or controlled by a person or organisation that are expected to provide value or future benefits.
retention/rɪˈtenʃn/Keeping employees in an organisation rather than losing them through departures.
trade unions/treɪd ˈjuːnɪənz/Organisations of workers that represent members' interests and negotiate with employers.
collective bargaining/kəˈlektɪv ˈbɑːɡɪnɪŋ/Negotiation between employers and workers' representatives over pay, conditions and other terms of employment.
industrial action/ɪnˈdʌstrɪəl ˈækʃn/Collective action by workers intended to influence employment conditions, such as a strike or work-to-rule.
negotiation/nɪˌɡəʊʃɪˈeɪʃn/Discussion aimed at reaching an agreement between parties with different interests.
consultation/kɒnsəlˈteɪʃn/consultation

Handout

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IGCSE, A-Level & AP