Chapter 11 - How finance function interacts with HR Flashcards
1
Q
How far forward does a typical HR plan look forward?
A
3-5 years
2
Q
What are the stages of HR planning?
A
- Strategic analysis
- Internal analysis
- Identify gap between supply and demand
- Put plans into place to close gap
- Review
3
Q
How are shortfalls between supply and demand adjusted?
A
- Internally - transfers, promotions and training
- Externally
4
Q
What are the stages of the HR cycle?
A
- Recruitment
- Selection
- Training and development
- Performance management
- Incentives and motivation
- Reward
- Termination
5
Q
What are the stages of the recruitment plan?
A
- Agree vacancy
- Job analysis
- Job description
- Person specification
- Source candidate
6
Q
What does a typical job description include?
A
- Title
- Role
- Salary
- Duties
- Working conditions
- Position with regards to wider company
- Key difficulties
7
Q
What are the contents of person specification (BADPIGS)?
A
- Background
- Attainments
- Disposition
- Physical make up
- Interests
- General intelligence
- Special attributes
8
Q
What methods can be used to source candidates?
A
- Internal sourcing
- Internal and social media
- Recruitment consultants
- Job centres/fairs
9
Q
What are the steps of the selection process?
A
- Application form
- Selection interviews
- Selection testing
- Assessment centre
- References
10
Q
What are the 2 types of selection testing?
A
- Proficiency and attainment
- Psychometric
11
Q
What are the steps of the training and development process?
A
- Identify needs
- Set training objectives
- Plan training
- Deliver training
- Evaluate training
12
Q
What are the 4 stages of how training and development are evaluated?
A
- Reaction
- Learning
- Behaviour
- Results
13
Q
What are the 4 steps to managing employee performance?
A
- Set SMART targets
- Monitor
- Review
- Action plan
14
Q
What are the 6 main barriers to effective appraisal
A
- Confrontation
- Judgement
- Chat
- Bureaucracy
- Annual event
Unfinished business
15
Q
What is Maslow’s hierarchy of needs (bottom up)
A
- Basic
- Safety
- Social
- Ego
- Self fulfilment
