(5) human resource management

Question 1

the HRM process

Answer 1

HR planning > staffing > development & evaluation > compensation > maintaining effective work-force relationships

Question 2

human resource planning

Answer 2

the process of determining future human resource needs relative to an organization’s strategic plan and devising the steps necessary to meet those needs

Question 3

job analysis

Answer 3

the systematic collection and recording of information abt the purpose of a job, its major duties, the conditions under which it’s performed, the contacts with others that job performance requires, and the knowledge, skills and abilities needed to perform the job effectively

Question 4

job description

Answer 4

a statement of the duties, working conditions, and other significant requirements associated with a particular job

Question 5

demand for HR

Answer 5

internal labor supply
skills inventory: a databank containing basic information, about each employee that can be used to assess the likely availability of individuals for meeting current and future human resource needs
replacement planning: identifying potential candidates to fill specific managerial positions

external labor supply
staffing: The set of activities aimed at attracting and selecting individuals for positions in a way that will facilitate the achievement of organizational goals
recruitment: The process of finding and attempting to attract job candidates who are capable of effectively filling job vacancies

Question 6

internal recruitment

Answer 6

adv: candidates are potential source of new ideas, they may have broader experience, they may be familiar w competitors, they may have new specialties

disadv: probability of mistakes is higher bc of less reliable info, potential internal candidates may be resentful, new employee may have a slower start bc orientation is needed to the org., recruitment process may be expensive

Question 7

employee selection (recruiting)

Answer 7

the process of determining which job candidates best suit organizational needs

Question 8

compensation

Answer 8

wages paid directly for time worked, as well as more indirect benefits that employees receive as part of their employment relationship with an organization

Question 9

benefits

Answer 9

form of compensation beyond wages for time worked, including various protection plans, services, pay for time not worked, and income supplements