Chapter 2 - Trends in Human Resource Management Flashcards
Internal Labor Force
Organization’s workers:
- employees and people who have contracts to work at organization
External Labor Market
- individuals who are actively seeking employment
- # and kinds of people in external labor market determine kinds of HR available to an organization
Changes in the Labor Force
Aging, Diverse, Skill deficiencies
Baby Boomers
- opportunity for learning
- time management
- undeserved rewards
Generation X
- pragmatic and cynical
- self skills
Generation Y (1981-1995)
- includes me
- will be managing people much older than self
HRM Implications of Aging Workforce
- Spend time on…
- > retirement planning
- > retraining older workers
- > motivating workers whose careers plateau
- organizations struggle to control rising cost of health care and other benefits
- organizations must find ways to attract, retain, and prepare youth labor force
HRM Practices that support diversity management
- Communication
- Development
- Performance Appraisal
- Employee Relations
Skill Deficiencies of Workforce
- gap between needed and available skills has decreased companies ability to compete
- sometimes lack the capacity to upgrade tech, reorganize work, and empower employees
Organizations have best fit between…
- social system (people and how they interact)
- technical system (equipment and processes)
Key trends in high performance work systems
- reliance on knowledge workers
- empowerment of employees to make decisions
- teamwork
Knowledge Workers
- Employees whose contribution is specialized knowledge of customers, processes, and/or profession
- especially needed for jobs in: health services, business services, social services, engineering, and management
Employee empowerment
- giving employees responsibility and authority to make decisions regarding all aspects of product development or customer
Employee engagement
- full involvement in one’s work and commitment to one’s job and company
- associated with higher productivity, better customer service, lower employee turnover
Teamwork
- work teams often assume many of the activities traditionally reserved for managers…
-> selecting new team members
-> scheduling work
->coordinating work with customers and other
units of the organization