Final Review Flashcards
There are typically 6 steps in the selection process that result in the hiring decision (which is step six). Identify and describe the five steps that lead up to the hiring decision.
- Selection Process:
1. Preliminary Applicant Screening: application forms and résumés are reviewed
candidates not meeting selection criteria are eliminated and the remaining candidates matching the job specifications are given further consideration.
2. Selection Testing: assesses specific job-related skills, general intelligence, personality characteristics, mental abilities, interests, and preferences.
3. The Selection Interview: Interviewer Objectives:
assess qualifications, observe behaviour, predict future performance, communicate information about job, promote organization, determine how well applicant would fit in.
4. Background Investigation/Reference Checking: verify accuracy of information provided includes:
criminal record check, verification of educational qualifications, verification of previous employment, performance-related references from past supervisors, credit check may also be included.
5. Supervisory Interview and Realistic Job Preview:
The supervisor is best qualified to assess job knowledge/ skills, can answer job-specific questions, must feel comfortable with new hire, can assess fit with current team members.
Realistic Job Preview (RJP): provides applicants with realistic information, both positive and negative, about the job.
6. Hiring Decision and Candidate Notification: compile information from all techniques used, evaluate information about each candidate, immediate supervisor usually makes final hiring decision, make offer that specifies terms and conditions of employment, give candidates time to think about the offer, notify all finalists who were not selected.
You are the director of HR at an accounting firm and are preparing to advise the hiring manager in interviewing candidates for articling positions with the firm. You’ve already identified key selection criteria for the position, which include excellent analytical skills, ability to work under pressure, and ability to interact well with clients and coworkers. Generate one situational interview question and one behavioural interview question for the positions. Be sure to explain how each of the questions is relevant to any of the selection criteria identified. Complete answers are worth 5 points for each question - 10 total.
- Situational interview question: Series of job-related questions that focus on how the candidate would behave in a given situation.
“How would you handle a misunderstanding or disagreement with a coworker regarding the process of the financial statement for a client?” - Behavioural interview question: Series of job-related questions that focus on relevant past job-related behaviours.
“From your experience how would you describe you perform under pressure?”
Identify and describe 5 common interview mistakes that limit the reliability or validity of the interview.
- Poor planning: interviews are not planned and may be conducted without having any written questions in advance.
- Poor knowledge of the job: Interviewers who do not know precisely what candidate is best suited for the job usually makes decisions based on incorrect stereotypes.
- Snap judgements: Interviewers tend to jump to conclusions during the first few minutes of the interview or before.
- Hallo Effect: A positive initial impression that distorts an interviewer’s rating of a candidate because subsequent information is judged with a positive bias.
- Leading: Interviewers that are anxious to fill a job will help the applicants to respond correctly to their questions by asking leading questions of guiding the candidate to the expected answer.
How would you determine if there is a need for training.
- Training: process of teaching employees the basic skills/competencies that they need to perform their jobs.
- Performance analysis is verifying that there is a performance deficiency and determining whether that deficiency should be rectified through training or other means.
Outline the content you will design for 30 new employees who will start their jobs at the same time.
In this case an orientation is required because is a socialization between the employee and the employer. Furthermore, the employee will be given internal publications (handbooks), facility tours and staff introductions, job-related documents, expected training to be received (when and why), performance appraisal criteria.
Identify and describe how to implement two different management development techniques.
- Management development: any attempt to improve current or future management performance by impacting knowledge, changing attitudes, or increasing skills.
1. Development Job Rotation: technique that involves moving a trainee from department to department to broaden trainee’s experience and identify strong and weak points.
2. Action Learning: technique by which management trainees are allowed to work full time, analyzing and solving problems in other departments.
Identify and describe each of the 5 steps of the Performance Management Process.
- Performance Management: The process encompassing all activities related to improving employee performance, productivity, and effectiveness.
1. Defining Performance Expectations:
a.Task performance: direct contribution to job-related processes.
b.Contextual performance: indirect contribution to the organization’s social responsibility values
c.Legal considerations: correlate performance expectations to job activities.
2. Providing Ongoing Coaching and Feedback: It is important to have open two-way communication. The employee is responsible for monitoring own performance, and asking for help, and the manager is responsible for communicating changing strategies and objectives if applicable.
3. Performance Appraisal and Evaluation Discussion:
Formal appraisal methods: graphic rating scale, alternation ranking, paired comparison, forced distribution, critical incident, narrative forms, behaviourally anchored rating scales (BARS), management by objectives (MBO).
4. Determine Performance Rewards/Consequences:
a. provide performance awards: merit pay, extra pay.
b. important aspects used to determine the appropriate reward/consequence: achievement of goals and how the employee meets the defined standards.
5. Career Development Discussion:
manager and employee discuss opportunities for development based on current job requirements or future development. Business needs must be balanced with the employee’s preferences.
Identify and Describe 5 Performance Appraisal Methods:
- Graphic Rating Scale: Scale that lists traits and a range of performance for each. The employee is then rated by identifying the score that best describes the level of performance for each trait.
- Alternation Ranking Method: Ranking employees from best to worst on a particular trait.
- Paired Comparison Method: Ranking employees by making a chart of all possible pairs of employees for each trait and indicating the better employee of the pair.
- Forced Distribution Method: Predetermined percentages of rates are placed in various performance categories.
- Critical Incident Method: Keeping a record of uncommonly good or undesirable examples of an employee’s work-related behaviour and reviewing the list with the employee at predetermined times.
Identify and Describe the 5 Components of Total Rewards:
- Compensation: Includes direct financial payments in the form of wages, salaries, incentives, commissions, and bonuses.
- Benefits: Includes indirect payments in the form of financial benefits like employer-paid insurance and vacations.
- Work-life programs: Programs that help employees do their jobs effectively like flexible scheduling, telecommunicating, child care, etc.
- Performance and Recognition: Includes pay-for-performance and recognition programs.
- Development and Career Opportunities: Focuses on planning for the advancement or change in responsibilities to best suit individual skills, talents, and desires. Tuition assistance, professional development, sabbaticals, coaching and mentoring opportunities, succession planning, and apprenticeships.
How should establishing pay rate that are both externally and internally equitable go? Indicate the issues that may arise if this is not done.
- 3 Stages that establish pay rates that are externally and internally equitable:
1. Job Evaluation to determine the worth of jobs within the organization (ensure internal equity) and group jobs within similar worth pay grades.
2. Conduct a wage/salary survey of what other employees are paying for comparable jobs (ensure external equity).
3. Combine job evaluation (internal) and salary survey (external) information to determine pay rates for the jobs in the organization. - Employee perceptions are one of the two key conditions for effective reward programs: 1. Externally pay must compare favourably with rates in other organizations or an employer struggle to retain qualified employees. 2. Pay rates must also be equitable internally (employees should view their pay as equitable given other pay rates in the organization).
Identify the four major compensable factors used in point method job evaluation plans and describe two sub factors that might be used for each of the four major compensable factors.
- Compensable Factor: Fundamental compensable element of a job, such as skill, effort, responsibility, and working conditions.
- Point method: job evaluation method in which a number of compensable facts are identified, the degree to which each of these factors is present in the job is determined, an overall point value is calculated.
- Factors: 1. Skill, 2. Effort, 3. Responsibility, 4. Working conditions.
- Sub-Factors: 1. Education & Experience/Interpersonal Skill, 2. Physical Effort/Mental Effort, 3. Supervision of others planning, 4. Physical Environment Travel.
Discuss the issues in designing an annual bonus plan aimed at motivating the short-term performance of managers and executives.
- 3 basic issues should be considered when awarding short-term incentives:
1. Eligibility: a. Key-position (job by job review to identify key jobs with impact on profitability), b. Salary-level cut-off point (employees earning over a threshold amount are eligible for consideration of incentives), c. Salary grade (assumes that all employees at a certain grade or above should be elegible for incentives).
2. Fund-size determination: total amount of bonus that will be available.
3. Determination of Individual Awards: typically a target bonus is set for each eligible position and adjustments are then made for greater or less targeted performance.
Identify and discuss two different organization-wide incentive plans.
- Profit Sharing Plan: A plan whereby most or all employees share in the company’s profits.
- ESOP “Employee Share Purchase/Stock Ownership Plan”: A plan whereby a trust is established to hold shares of company stock purchased for or issued to employees on retirement, separation from service, or as otherwise prescribed by the plan.
- Gainsharing Plan: An incentive plan that engages employees in a common effort to achieve productivity and share the gains.
Briefly describe five government-sponsored employee benefits in Canada.
- Employment Insurance (EI): Program that provides income benefits if a person is unable to work through no fault of his or her own.
- Pay on termination of employment: amount of payment varies according to jurisdiction and circumstances: pay in lieu of reasonable notice,
severance pay (Ontario and federal jurisdiction only), pay for mass layoffs (some jurisdictions). - Leaves of absence: Unpaid time off, employer must guarantee same or similar job when employee returns (maternity/parental leave, parental/adoption leave, bereavement leave, compassionate care leave).
- Canada/Quebec Pension Plan (CPP/QPP): Programs that provide basic level of security on retirement based on individual contributions made (retirement income, survivor or death benefits, disability benefits).
- Workers’ compensation: income and medical benefits to victims of work-related accidents or illnesses, regardless of fault. Funded collectively by employers administered by jurisdictional workers’ compensation boards.
- Vacations and holidays: a. Vacation minimum amount of paid vacation must be provided to employees, b. minimum 5 days, maximum 9.
- Paid breaks: Uninterrupted break within a work day.
Describe Flexible Benefits and 2 advantages and disadvantages.
- Flexible Benefits Programs: Individualized benefit plans to accommodate employee needs and preferences.
- Advantages:
1. Employees choose packages that best satisfy their unique needs.
2. Help firms meet changing needs of a changing workforce. - Disadvantages:
1. Employees make bad choices and find themselves not covered for predictable emergencies.
2. Administrative burdens and expenses increase.