All in one Flashcards
What does HRM mean?
It refers to the policies and practices that ensure the best use of the human resources for fulfilling the organizational and individual goals
Why should you study HRM?
- it is important for managers and entrepreneurs
- Managers are responsible for some of the activity that fall in to the category of HRM
- It is necessary for staffing the organization and designing jobs and teams
- developing skillful employees by identifying approaches for improving them
- understanding human behavior and the knowledge about the various systems
Why is HRM significant to students?
- to attract, retain the required human resource
- Providing job security
- developing the skills and attitude of employees through T& D & performance evaluation
- Ensures that the enterprise will have in future a team of competent & dedicated employees
What is planning?
The systematic process of setting policies, governing the acquisition, use and dispositions of personnel in an organization
Why is HR planning important ?
- planning enables organizations to assess the future and demand for and supply for human resources
- It helps to eliminate gaps that may exist between supply and demand for human resources
- it facilitates re-adjustment as labour market conditions and organizational environment change
What does strategic business planning enable?
it enables the organization to set goals and objectives as well as courses of actions to fulfil the organisation’s mission and strategic direction
What is a mission?
It is the basic purpose of the organization as well as its scope of operations
What is a strategic vision?
A statement about where the company is going and what it can
become in the future; clarifies the long-term direction of the company
and its strategic intent
What are core values?
The strong and enduring beliefs and principles that the company uses as a foundation for its decisions
What is environmental scanning?
It is the systematic monitoring of the major external forces influencing the organization
What does environmental scanning require you to take notice of?
- economic factors
- competitive trends
- technological changes
- political and legislative issues
- social concerns
- workforce demographic
What is forecasting in HR?
The use of information from the past and present to identify expected future conditions
What are the types of forecasts?
- HR demand for labor
- Internal supply of labor
- external supply of labor
What are the forecasting periods?
- short-term: less than one year
- intermediate: up to five years
3, long-range : more than 5 years
What source can we use to access forecasting?
- internal sources
2. external sources
How can HR demand be forecasted?
- through personnel needs
2. assessing the internal HR through jobs and skills audit as well as organizational capabilities inventory
When forecasting for demand using HR personnel needs, what should be considered?
- demand for product or service
- staffing required to achieve task/ project output
- quality and skills of employees
- projected turnover
- decision to upgrade product/ service/ new markets
- technological and other changes
- financial resources
When assessing internal HR through jobs and skills audit, for forecasting demand, what should you consider?
- What jobs exist now?
- How many individuals are performing each job?
- What are the reporting relationships of jobs?
- How essential is each job?
- What jobs will be needed to implement future organizational
strategies? - What are the characteristics of anticipated jobs?
What does forecasting internal HR supply of candidates involve?
• Skills Inventory of the organisation
• Manual systems and replacement charts
1. personnel replacement charts
2. Position replacement cards
• Human Resource Information System (HRIS)
• On-going training and development patterns/programmes
What factors affect external HR supply ?
- Population changes and Net migration for an area
- Societal attitudes towards careers/industries/institutions
- Political conditions
- Changing workforce composition and patterns
- Economic forecasts
- Technological developments and shifts
- Government regulations and pressures
- Other circumstances e.g. knowledge of sources
What is recruitment?
The process of generating a pool of qualified applicants for organizational jobs
What are the different types of labor markets?
- Geographic labor markets
- global labor markets
- industry and occupational labor markets
- educational and technical labor markets
What are the sources of recruitment?
- internal
- external
- internet web based
What are the advantages of recruiting internally?
- it capitalizes on past investments
- rewards past performance and encourages continued commitment to the organization
- signals to employees that similar efforts by them will lead to promotion
- Fosters advancement of members of protected classes within an organization
- Saves Time
What are some disadvantages of recruiting labor internally?
1.Current employees may lack the knowledge, experience or skills needed for
placement in the vacant/new position.
2. The hazards of inbreeding of ideas and attitudes (“employee cloning”)
increase when no outsiders are considered for hiring.
3. The organization has exhausted its supply of viable internal candidates and
must seek additional employees in the external job market.