HRM 2 Flashcards
Workforce planning
is ensuring the right number of people with the neccesary skills are employed in the right place at the right time to help deliver an organisation’s short and long term objectives
The human resource planning cycle
- Stocktaking - the identification of the factors likely to shape the operation of the firm. The number of employed, the profile of the workforce, training provision history, work conditions, performance reviews etc
- Forecasting - the stage of the human resources planning cycle where the organisation must predict the demand for supply of labout in order to meet the strategic of the firm.
- Action planning - the stage in the human resource planning cycle where the organisation makes a specific plan regarding how best to use the workforce to help meet the strategic goals of the firm. Recruitment, retraining, redeployment or reduce the number of work hours.
- Implementation of the action plan can take the form of recruitment and selection, or learning and development. Thus, this links to all stages of the HR practice
- Assess and adjust plans if required
Talent managment
is the systematic and integrated approach taken within an organisation to the attraction, recruitment, engagement and retention of those employees who have been identified to be particular value to the strategic development of the firm.
Some key talent identification terms are:
- Underperformers: are those employees who are currently not achieving high level of performance and have little potential to make key contribution to the strategic development of the firm
- Key performers: are those employees who are currently achieving a high level of performance but have little potential to make key contribution to the strategic development of the firm
- Untapped potentials: are those employees who are currently not achieving high level of performance, but with necessary changes have the potential to make a key contribution to the strategic development of the firm
- HIPOs (high potentials/stars): are those employees who are currently achieving high level of perfomance and have the potential to make a key contribution to the strategic development of the firm
Selection
is a process used to find the candidate who most closely matches the specific requirments of vacant position
Competencies
are the behavioural characteristics of an individual that are related to their effective performance in a role
The recruitment process
- Job analysis - is the process used to gather detailed information about the various tasks and responsibilities involved in position
- Job decription - is the detailed breakdown of the purpose of the role and the various tasks responsibilities involved in particular job
- Person specification - specifies the type of person needed to do particular job. It essentially translate the job description into human terms
Formal/informal methods
Formal - are those where the vacancy is officialy advertised
Informal - are those where candidates find out informally about a potential vacancy (random emails with CV is also informal)
Internal recruitment
Takes place when a vacancy is advertised to potential candidates from within the existing employee base in the organisation.
External recruitment
Mirror of internal. New worker from outside of the organisation
E-recruitment
is use of the internet to help attract candidates to apply for vacancies in the organisation.
International recruitment
is used where the vacant position requires skills and/or competencies that are not readily available in the national context
Job advert
will include the relevant information concerning the position, such as the name of the organisation, job title, duties, skills required etc
Shortlisting
- Shortlisting - is a sifting process where those candidates who most closely match the predetermined job specific requirments are separatedout from all other applicants.
Online screening
is a useful way for organisations reduce the number of applicants
Selection decision
Person-organisation fit - refers to the extent to which a person and an organisation share similar characteristics and/or meet each other’s needs
Person-job fit - is the degree to which there is a match between the abilities of the person and the demands of the job, or the desires of a person and the attributes of the job.