chapter 9 Flashcards
human capital
potential of employee knowledge, experience, and actions
Strategic Human Resource Management
designing and implementing policies and practices that align an organization’s human capital with its strategic objectives
drives org perf, enhances firms competitive edge
social capital
Economic or productive potential of strong, trusting, and cooperative relationships
knowledge workers
main function is generating or interpreting info
Human Resource Planning
understanding current employee needs and predicting future employee needs
Human Resource Management
activities managers perform to plan for, attract, develop, and retain an effective workforce
job analysis
basic elements of the job
job description
summary of what/how and why of nature of the job
job specifications
summary of min qualifications needed to e able to perform the job
job analysis –> job description –> blueprint for hob specifications
Sources of staffing
info to gather to predict future needs and prepare for them
internal : human resource inventory
external : bureau of labor stats, tracking relevant edu/ tech advances
internal recruiting
pros :
- boosts morale/prod
- fewer risks due to more complete info
- cheaper
cons :
- restricts comp
- seniority versus merit based promos
- internal hires does not fill vacancy
external recruiting
pros :
- specialized knowledge/ exp
- fresh viewpoints
cons :
- expensive and timely process
- risks are higher; info asymmetry
Legally defensible selection tools
legal defensibility
reliability
validaty
legal defensibility
extent to which the selection device measures job-related criteria in a way that is free from bias
- cant ask to rap if youre applying to be a professor
reliability
represents the degree to which a test produces consistent scores. When a test is reliable, an individuals score will remain about the same over time
validity
reflects degree to which a test measures what it purports to measure– nothing more nothing less
selection tools
screening of job applicants
application forms, resumes, reference checks
unstructured interview
no fixed set of questions and no systematic scoring procedure
involves asking probing questions to find out what the applicant is like
structured interview
involves asking each applicant the same questions and comparing their responses to a standardized set of answers
situational interview
focuses on hypothetical situations
behavioral interview
exmpore what applicants have actually done in the past with their exp