Ch.12 Flashcards
what does HRM stand for?
Human Resources Management
HRM is the process of … and then (first 4)
determining human resources needs … recruiting, selecting, developing, motivating
HRM is the process of … and then (last 3)
determining human resources needs, evaluating, compensating and scheduling employees to achieve organizational goals
HRM is more than …
hiring and firing personnel
all HRM activities are designed to achieve …
organizational goals within the laws that affect human resource management
one reason why HRM is receiving increased attention is …
the major shift from traditional manufacturing industries and service and high-tech manufacturing industries that require highly technical job skills
describe the first HRM challenge (coming decade jobs)
in the coming decade, half of all jobs will be disrupted by technology and automation
describe the second HRM challenge (generations)
older Millennials and Gen Xers hold management positions, Gen Z entering workforce, Baby Boomers are delaying retirement
describe the third challenge of HRM (training)
shortages of trained workers in growth areas such as computer tech, biotech, robotics, green technology and the sciences
describe the fourth challenge of HRM (skills)
large numbers of skilled and unskilled workers from declining industries such as steel and automobile, who are unemployed or underemployed and need retraining
describe the fifth challenge to HRM (new workers)
a growing percentage of new workers who are undereducated and underprepared for jobs in the new contemporary business environment
describe the sixth challenge to HRM (shortage)
a shortage of workers in skilled trades due to the retirement of experienced, aging baby boomers
describe the seventh challenge of HRM (baby boomer)
the baby boomer brain drain means that with yearly retirements, employers in all fields must plan for and manage how to transfer their knowledge yo younger workers
describe the eighth challenge to HRM (increasing …)
increasing number of both single-parent and two-income families, resulting in a demand for job sharing, maternity and parental leave, and special career advancement programs for women
describe the ninth challenge to HRM (shift)
shift in employee attitudes towards work. Leisure time has become a much higher priority, as have flex time, working from home, and a shorter workweek
describe the tenth challenge of HRM (increased demand ..)
increased demand for temporary and part-time workers
describe the eleventh challenge of HRM (overseas)
challenge from overseas labour pool whose employees work for lower wages and are subject to fewer laws and regulations than Canadian workers
describe the twelfth challenge in HRM (benefits)
increased demand for benefits tailored to the individual yet cost-effective to the company
describe the thirteenth challenge in HRM (concerns)
growing concerns over health care, elder care, child care, opportunities for people with disabilities, and workplace violence and harassment
describe the fourteenth challenge in HRM (decreased)
decreased sense of employee loyalty, which increases employee turnover and the cost of replacing lost workers
describe the fifteenth challenge in HRM (implementing)
implementing HR information systems (tech that helps manage HR activities such as payroll, benefits, training, recruiting etc.)
