HRM Textbook Flashcards
What is HRM?
An organization function that focuses on the strategic management and development of employees
What is staffing?
The hitting prices from posting a job to negotiating a salary package
What are the steps in staffing?
1) Create staffing plan
2) Recruitment
3) Selection
+ encourage diversity!
How do HRM professionals assist with the establishment of workplace policies?
HRM professionals recognize the need for policies, write policies, and communicate those policies to employees. Policies include dress code, vacation time, laptop security, ethics, etc.
How are HRM professionals involved in compensation plans?
Determine that plans are fair, meets industry standards, high enough to entice people to work for org
What things are included in compensation plans?
- Pay
- Health insurance
- Stocks
- Sick Leaves
- Vacation Time
- Tuition Reimbursement
- Bonuses
What is retention?
Keeping & motivating employees to stay with an organization
90% of employees leave a company for what four reasons?
- Issues around job
- Challenges with managers
- Poor fit with organizational culture
- Poor workplace environment
Why is training and development important?
Higher organizational productivity. Employees who feel they are developing their skills tend to be happier in their jobs, which leads to retention.
What are some example of training programs?
- Job skills
- Soft skill training (leadership, comms, etc)
- Team building activities
- Policy and legal training
What laws can affect HRM?
- Discrimination
- Health care reqs
- Labor
- Safety
- Minimum wage
How do HRM professionals affect workplace protection?
- Must make sure workplace is safe
- Chemical Hazards
- No fragrance zones
- Keeping employee information private
- Heating reqs
External factors that affect HRM?
Things the company has no control over
1) Globalization/offshoring
2) Changes to employment law
3) Health care costs
4) Workforce diversity/demographics
5) Unemployment rate
6) Layoffs/downsizing
7) Technological changes
8) Social Media
9) Trends, like telecommuting & flexible work schedules
