Ch8 Flashcards
human resource management (hrm)
set of organizational activities directed a attracting, developing, and maintaining an effective workfoce
job analysis
a detailed study of the specific duties in a particular job and the human qualities required for the job (consists of job description and job specification)
job description
the duties of a job, its working conditions, and the tools, materials, and equipment needed to do it
job specification
specific skills, education, and experience needed to do a job
forecasting the supply of labour
forecasting internal supply – number and type of employees who will be in the firm at some future date
forecasting external supply – number and type of ppl who will be available for hire from the labour market at large
replacement chart
an HR technique that lists each important managerial position, who fills it, how long he/she will be in it before moving on, and which other person is now qualified or will soon be qualified to fill it
- gives co. time to plan and provide experience for ppl chosen as successors
employee information systems (skills inventories)
computerized systems that contain information on each employee’s education, skills, work experience, and career aspirations
- used to identify ppl for transfers/promotions, and to facilitate planning
recruiting
process of attracting qualified ppl to apply for available jobs
internal rec. – considering present employees as candidates for openings (can boost employee morale and keep ppl in the firm)
external rec. – attracting ppl from outside
- private employment agencies are a good source of clerical and technical employees
internship
short-term paid or unpaid position where student focuses on a specific project
negative of Internet applications
lots of unqualified ppl
validation
the process of determining the predictive value of information
assessment centre
series of exercises in which management candidates perform realistic mngmt tasks while being observed by appraisers
video assessment
showing potential hires videos of realistic work situations and asking them to choose a course of action to deal with the situation
behaviour-based interviewing
approach to improving interview validity by asking question that focuses the interview much more on behaviour than on what a person says
orientation
process of introducing new employees to the company’s policies and programs, the co-workers and supervisors that they’ll work with, and the nature of their job
on-the-job training
development programs where employees gain new skills while performing them at work
job rotation
technique where an employee is rotated or transferred from one job to another
off-the-job training
development programs where employees learn new skills at a location away from normal work site
vestibule training
work simulation where the job is performed under conditions closely simulating the actual work environment
management development programs
development programs in which managers’ conceptual, analystical, and problem-solving skills are enhanced
networking
information interactions btwn managers, both in and out of the office, for the purpose of discussing mututal problems, solutions, and opportunities
mentoring
having a more experienced manager sponsor and teach a less experienced manager
performance appraisal
formal program for evaluating how well an employee is performing the job; helps managers to determine how effective they are in recruiting and selecting employees
360-degree feedback
gathering information from a manager’s subordinates, peers, and superiors when assessing manager’s performance
simple ranking method
method of performance appraisal that requires a manager to rank and order each member of a particular department/workgroup from top to bottom or from best to worst
graphic rating scale
statement or question about some aspect of someone’s job performance for which the rater must select the response that fits best
critical incident method
a technique of performance appraisal in which raters recall examples of particularly good or poor performance by an employee and then describe what the employee did that led to success or failure
compensation
what a company offers its employees in return for their work
- incl salaries, incentives, bonuses, benefits, and other
wage
dollars paid based on # of hours worked
salary
dollars paid at regular intervals in return for doing a job, regardless of the amount of time involved
pay surveys
survey of compensation paid to employees by other employers in a particular geographic area, industry, or occupational group
job evaluation
a method for determining the relative value or worth of a job to the organization so that individuals who perform it can be appropriately compensated
incentive programs
special compensation programs designed to motivate high performance
piece-rate incentive plan
compensation system where an organization pays an employee a certain amount of money for every unit produced
pay for performance (variable pay)
individual incentive that rewards a manager for especially productive output
profit-sharing plans
incentive program in which employees receive a bonus depending on firm’s profits
gainsharing plan
distribute bonuses to employees when a company’s costs are reduced through greater work efficiency
pay-for-knowledge plans
encourage workers to learn new skills and become proficient at different jobs