HRM Attracting Talent And Managing Performance Flashcards
What is HRM? What it requires? Its elements?
- It is about managing People (the human side of management) and getting the right people for the right job, at the right time. Takes care of people, by keeping workers performing and motivated, while taking care of the company. It is a dual responsibility done through people.
- HRM needs to be aligned with the business plan and business strategy.
- All elements of HRM need to be consistent with each other.
What do we want in HRM?
Guarantee the entry of high-quality individuals, develop, and retain them, through recruitment and selection; appraisal, training and development; and management of rewards.
How is the Process for Attracting Talent?
HR Planning
Job Analysis and Design
Recruitment and Selection
What is HR Planning?
How organization assess the supply and demand for human resources and eliminate the gap between them.
What is Job Analysis and Design?
Process to obtain detailed information about the job and the process. To make correct hiring decisions, HR understands the workflow and evaluates performance, since as the job’s changes, job analysis also changes.
Inside the Job analysis and Design are 2 processes, explain.
Job Description: information about the tasks, duties, and responsibilities.
Job Specification: information about the knowledge, skills, and abilities needed.
What is Recruitment about?
Aims to increase the pool of job candidates, with the minimum cost. It is about having the highest number of people, considering the capabilities that we have.
Explain the Recruitment methods available:
Internal sources (actual employees) the methods are job posting (intranet); career planning; referrals.
External sources (external candidates) the methods are advertising; internet; job fairs; open houses; internships.
What is Selection about?
Is about selecting the right person for the task (qualified candidates), following legal and justice criteria, and matching the company to the individual needs.
Explain the Selection Criteria.
Relevant aspects of the job that differentiate good and bad performance.
How do Selection Methods work?
Instruments to assess candidates’ performance, through different stages, such as Application/CV; interview; tests; reference checking; follow-up interview; medical exams; analysis and decision (hire or not); notify candidate.
How does Managing Performance works?
- Performance appraisal
- Training and development
- Compensation.
The 3 types of Performance Appraisal are:
Strategic: links individual job behaviours to strategic objectives
Development: improves performance, motivation, and develops skills, by identifying individuals’ potential.
Administrative: compensation.
How is Appraisal Criteria done?
Done through different evaluators:
* Immediate supervisor
* Subordinate
* Colleagues
* Self
* Clients.
Explain the Appraisal Instruments.
- Attribute scales (based on the Peter Principle – promotion done until people become incompetent)
- Behavioural scales
- Results
You must evaluate not only results, but behaviours